Key Takeaways:
- Michael Burry covered 50% of his Palantir short position
- He increased stakes in Fiserv, JD.com and Adobe
- Palantir shares have fallen 44% since Burry disclosed his short in November 2025
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Michael Burry halves Palantir short, adds to Fiserv, JD and Adobe
Michael Burry covered half his Palantir short position and added to Fiserv, JD.com and Adobe, a portfolio disclosure shows.
"I have covered 50% of my Palantir short position and increased stakes in Fiserv, JD.com and Adobe," Burry said in a portfolio update posted to his Substack.
The "Big Short" investor first disclosed a short position on Palantir in November 2025, when the stock hit a record close of $207.18. Since then, Palantir shares have fallen about 44%, closing at $116.70 on Tuesday. The stock is down 25% in June and 34% year-to-date, heading for its worst month on record as investors rotate out of software and Big Tech names into semiconductors in what some traders have dubbed the "SaaSpocalypse."
Burry's additions to Fiserv, JD.com and Adobe signal a bullish view on fintech, Chinese e-commerce and enterprise software. Fiserv, a payments processor, has gained 12% this year. JD.com has risen 8% as Chinese tech stocks attract renewed interest. Adobe shares have climbed 15% in 2026.
The partial unwinding of the Palantir short reduces one of the most closely watched bearish bets in the market. Cathie Wood's ARK Investment Management bought $9.7 million of Palantir shares on Tuesday, a contrasting move that highlights the divergence among prominent investors on the stock's trajectory.
Palantir's underlying business has shown strong growth — Q1 revenue rose 85% year over year to $1.63 billion, with U.S. commercial revenue up 133% to $595 million. The company raised its full-year revenue guidance to $7.65 billion to $7.66 billion. But its trailing price-to-earnings ratio near 144 times has left it exposed as capital rotates toward value-oriented sectors.
Burry had previously flagged declining trading volume and a lack of seller exhaustion as signs the downtrend remained intact, writing on X that the stock was going "rock rock til you drop." He posted a chart showing PLTR's trading volume had consistently declined since early last year, even as the stock peaked in November — a signal that investor interest was waning.
The reduced short position suggests Burry sees less downside from current levels. Investors will watch for further portfolio updates and Palantir's Q2 earnings report, with management guiding to revenue of $1.797 billion to $1.801 billion.
This article is for informational purposes only and does not constitute investment advice.
[1] PLTR Stock Heads for Worst Month Ever: Retail Awaits Dip Below $100, Michael Burry Takes Victory Lap[2] Michael Burry buys long-dated Microsoft calls, adds to JD and Adobe — trims Palantir short[3] Palantir Is Down 6% Today and 40% in 2026. Will It Break Below $100 Next?[4] Why 'Big Short' investor Michael Burry has a Lululemon shopping bag framed on his wall
