Why did Burry reduce his short position in Palantir?

Burry has not disclosed the reason, but the reduction could be for risk management or profit-taking after the stock's rise.

What is Palantir's stock ticker?

Palantir Technologies trades on the NYSE under the ticker PLTR.

Does Burry's reduction mean he is now bullish on the stock?

No, the reduction does not necessarily indicate a bullish stance; it could simply be a position adjustment.

Michael Burry Cuts Massive Palantir Short Bet

Michael Burry, the investor famous for betting against the housing market before the 2008 financial crisis, has trimmed his massive short position in Palantir Technologies (PLTR). The move comes after his bearish stance became one of the most talked-about on Wall Street.

June 28, 2026

2 min read

Source: TheStreet

Michael Burry, the investor renowned for his "Big Short" trade that predicted the 2008 financial crisis, has reduced his substantial short position in Palantir Technologies (PLTR). According to GuruFocus, Burry scaled back the size of his bearish bet, though the exact details of the change have not been disclosed.

Details

Burry, who runs Scion Asset Management, had built a massive short position in Palantir during the previous quarter, making it one of the most controversial positions on Wall Street. The new size of the position or the percentage reduction has not been revealed.

Context

The move comes amid significant volatility in Palantir's stock, which has risen over 50% year-to-date, fueled by growing interest in the artificial intelligence sector. Burry had previously bet against the stock, believing its valuation was excessive.

What It Means for Investors

Burry's reduction of his short position does not necessarily indicate a bullish shift; it could simply be risk management or partial profit-taking. Investors remain watchful for any future disclosures regarding Burry's moves.

Frequently Asked Questions

Michael Burry is an American investor famous for his successful bet against the housing market before the 2008 financial crisis, as depicted in the film 'The Big Short'.

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This article was rewritten in Wrqti's editorial style based on information from the original source above. Content is informational only — not investment advice.