Overview
- Burry disclosed the basket of shorts on Tuesday, June 30, naming Caterpillar, Nvidia, Tesla, Applied Materials and puts on the iShares Semiconductor ETF (SOXX).
- He said he shorted Caterpillar at $1,060.98 and Tesla at $416.22 while reporting Nvidia at $198.09 and Applied Materials at $729.40, though he did not provide position sizes or option structures.
- Burry said he rolled and raised his SOXX puts from January 2027 to March 2027 with strikes in the low‑to‑mid $400s as part of a broader warning that semiconductor valuations are stretched.
- Markets reacted: Caterpillar shares fell roughly 4% to about 7% on July 1 after the disclosure, pulling the stock back from record highs.
- Transparency limits complicate the call because Scion deregistered in late 2025 and Burry now posts trades on Substack, so reporters and investors must wait for future filings and be cautious about treating option notionals as the capital at risk.