Camel

Michael Burry's updated positions Top tier: • Lululemon $LULU [Long, 17.4%] • MercadoLibre $MELI [Long, 12%] Second tier: • Molina Healthcare $MOH [Long, 9%] • Temple & Webster $TPLWF [Long, 9%] Third tier: • Adobe $ADBE [Long] • Zoetis $ZTS [Long] • JD $JD [Long] • HCA Healthcare $HCA [Long] • Flutter $FLUT [Long] • Fannie Mae $FNMA [Long] • Freddie Mac $FMCC [Long] • Sprouts $SFM [Long] • PayPal $PYPL [Long] • Veeva $VEEV [Long] • Birkenstock $BIRK [Long] • Build-A-Bear $BBW [Long] • Nvidia $NVDA [Long, Hedge] Shorts, largest to smallest: • iShares Semiconductor ETF $SOXX • Micron $MU • Nebius $NBIS • CoreWeave $CRWV • Oracle $ORCL • Palantir $PLTR • Nvidia $NVDA • Caterpillar $CAT • Invesco QQQ Trust $QQQ [Put, ~6% of portfolio] Full exits: • Tesla $TSLA [Short] - Covered for a gain • Applied Materials $AMAT [Short] - Covered for a gain • SOXX put options - Sold entirely, replaced with the bigger QQQ put position Summary: Lululemon is now his largest position at after buying more. His short book crossed 21% of the portfolio, not including puts. Per his Substack

This self-destruction of LuluLemon intrigues me as a case study of mismanagement. Deeper dive required..

Billionaire Lululemon founder Chip Wilson's no-prenup divorce could cost him painful 50-50 split trib.al/zUFgrDV

Lululemon founder Chip Wilson and his wife, Shannon “Summer” Wilson, are divorcing after more than 20 years of marriage, per NYP There is no prenup. Chip has a net worth of $6.1 billion. He owns 8.6% of Lululemon stock, worth about $1 billion. Summer owns about a 1% stake, worth roughly $100 million.