The dominoes are falling
Breaking: Blackstone just restricted withdrawals from its $77 billion private credit fund for the second consecutive quarterThey have only returned 50% of investors requestCompanies capping withdrawals:• Blackstone• Blue Owl Capital• Apollo Management• Ares Management• BlackRock• Starwood Capital
Michael Burry Tracker
M
New: Bill Gates' fund (Cascade Investment) just filed a new 13D/A on Republic Services $Republic Services(RSG.US)
Back in February, Gate's stake was already at 35.6%, and now the latest filing pushes it to 36.7%, the highest level in 18 yearsBreakdown of his purchase:• Shares bought: 1,599,643• Average price paid: $216.62• Total spent: $346,521,383• New ownership stake: 36.7%For context: Gates has held a stake in $Republic Services(RSG.US) since 2008, making it one of Cascade's longest running concentrated positions outside Berkshire HathawayM![图片 1，共 1 张]()
The SEC assembled 17 of Wall Street's biggest names to prepare for 24-hour stock trading
Here's what you need to know:• The SEC is hosting a roundtable on September 17 to prepare for round-the-clock stock trading in the US.• Nasdaq wants 23-hour trading by late 2026, NYSE has proposed 22-hour sessions• Panelists include: Citi, UBS, Cboe, NYSE, DTCC, Invesco, Nasdaq, Schwab, Samsung, Blackrock, Robinhood, Jane Street, State Street, BNP Paribas, BNY Pershing. Citadel Securities, and Interactive BrokersM![图片 1，共 1 张]()
Update: Palantir is now up 635% since Jim Simons disclosed a $21M stake
He first opened the $Palantir Tech(PLTR.US) position in Q2 2021
M![图片 1，共 2 张]()
![图片 2，共 2 张]()
Breaking: Michael Burry has disclosed his updated positions
He:• Trimmed Veeva $Veeva Systems -CL(VEEV.US) longs - 3% position• Trimmed PayPal $Paypal(PYPL.US) longs - 3% positionMichael Burry said "I will add [PYPL] should it fall to the mid $40s"
M![图片 1，共 2 张]()
![图片 2，共 2 张]()
Update: Google $Alphabet(GOOGL.US) is now up 25% since Buffett's Berkshire disclosed a $4B stake
M![图片 1，共 2 张]()
![图片 2，共 2 张]()
Update: It's been 134 days since Michael Burry publicly went bullish on PayPal $Paypal(PYPL.US)
It's up 9% sinceOn July 15th, PayPal spiked 17% after rumors of a buyoutLater that day, Michael Burry said this about the buyout, "simply too low" in regards to the offerLast night, Stripe and private equity firm Advent International abandoned PayPal takeover plans$Paypal(PYPL.US) is down 11% today but Burry is still upM![图片 1，共 1 张]()
Breaking: JPMorgan warns a large-scale food supply crisis could hit within the next year
M![图片 1，共 2 张]()
![图片 2，共 2 张]()
Breaking: Michael Burry has disclosed his updated positions
He:• Bought Nvidia $NVIDIA(NVDA.US) longs - Hedge• Added to Oracle $ORCLE shorts• Added to Palantir $Palantir Tech(PLTR.US) shorts• Added to Nebius $Nebius(NBIS.US) shorts • Added to Caterpillar $Caterpillar(CAT.US) shorts• Added to Nvidia $NVIDIA(NVDA.US) shorts• Added to Birkenstock $Birkenstock(BIRK.US) longs in mid-$30s• Added to Freddie Mac $Freddie Mac(FMCC.US) longs in mid $5sMichael Burry said "The total short stock position is over 21% of the portfolios, not including puts. Putting numbers on puts is a bit squirrely. They are so far out of the money, generally, and fairly distant in expiry. An asymmetric, leveraged and directional strategy with minimal current market value"
M![图片 1，共 1 张]()
One of Michael Burry's top positions needs help
Lululemon just hit its worst drawdown in nearly 20 years, down 77% from its all-time highYet Michael Burry just doubled his position to 17% of his portfolioHe called it "screaming cheap" ahead of earnings on September 3rdHere's what he sees:• LULU trades under 10x earnings, the only major U.S. clothing retailer that cheap• Only 2 of 32 analysts give the stock rate a "Buy", which is the same bearish setup right before its 2018 turnaround• The margin damage is coming from tariffs, not falling demand, down 380 basis points, partly offset by cost cuts• A new CEO from Nike takes over in September, the same playbook that quadrupled the stock off its 2014 lowM![图片 1，共 2 张]()
![图片 2，共 2 张]()
Update: It's been 294 days since Michael Burry publicly went bearish on Nvidia $NVIDIA(NVDA.US)
He's breakeven despite $NVIDIA(NVDA.US) falling 7 trading days in a row and posting its longest losing streak since 2022The company is set to report earnings on WednesdayM![图片 1，共 2 张]()
![图片 2，共 2 张]()
Breaking: Michael Burry has disclosed his updated positions
He:• Bought CoreWeave $Coreweave(CRWV.US) shorts• Added to Micron $Micron Tech(MU.US) shorts• Added to Palantir $Palantir Tech(PLTR.US) shorts• Added to Semiconductor ETF $SOXX shorts• Added to Mercado Libre $Mercadolibre(MELI.US) longs at $1890s• Added to Lululemon $Lululemon(LULU.US) longs at $115s• Added to Molina $Molina Healthcare(MOH.US) at $201• Bought Sprouts Farmer’s Markets $Sprouts Farmers(SFM.US) shares at $70s• Bought Temple & Webster $TPLWF shares in low $3s• Bought Build-a-Bear $Build A Bear(BBW.US) in mid-upper $30s• Trimmed PayPal $Paypal(PYPL.US)• Trimmed Veeva $Veeva Systems -CL(VEEV.US)Michael Burry said "The vast majority of people should never short, and likewise should never be on margin."
M![图片 1，共 1 张]()
14 years ago today, Peter Thiel turned $500K into $1B
When Facebook IPO'd in May 2012 at $38 a share, Thiel played it better than anyoneThiel wrote Facebook's first outside check in 2004 for roughly 10%And here's how he profited $1B:• 2004: Thiel invests $500,000 for roughly 10% of Facebook• May 18, 2012: Facebook IPOs at $38 a share• May 18, 2012: Thiel sells 16,800,000 shares in the IPO, banking $640,000,000• Same day: he sets up a plan to sell the rest, before the stock has traded for a single hour• Aug 16-17, 2012: the first lockup expires and Thiel sells 20.6M more shares between $19-$21• Aug 20, 2012: the filing goes public and Facebook closes at $20.01 that day‣ Thiel's cash-out: ~$1,000,000,000‣ Retail's position at the time: -47% from IPOIn the end, he kept 5,600,000 shares and his board seatM![图片 1，共 2 张]()
![图片 2，共 2 张]()
New: Thiel Macro (Peter Thiel's fund) just dropped their Q2 2026 13F
Thiel showed zero holdings for two straight quarters and now Thiel is back with a reported ~$419M portfolioTop holdings:• Amazon $Amazon(AMZN.US): 28.2%• Vista Energy $Vista Energy(VIST.US): 18.1%• Vistra $Vistra(VST.US): 14.1%• American Electric Power $American Electric Power(AEP.US): 10.1%• DTE Energy $DTE Energy(DTE.US): 9.6%• FirstEnergy $Firstenergy(FE.US): 9.5%• CMS Energy $CMS Energy(CMS.US): 9.4%• X-Energy $X-Energy(XE.US): 0.9%For context: Thiel co-founded PayPal and Palantir, was the first outside investor in Facebook, and runs Founders Fund, which was the first institutional money into SpaceX
M![图片 1，共 2 张]()
![图片 2，共 2 张]()
Breaking: NVIDIA Corp just filed its Q2 2026 13F
Here's everything you need to know about the recent 13FAll positions:• Intel $Intel(INTC.US) (47.3%)• SpaceX (33.1%) — NEW this filing• CoreWeave $Coreweave(CRWV.US) (7.4%)• Coherent $Coherent Corp.(COHR.US) (4.8%)• Nokia $Nokia Oyj(NOK.US) (3.5%)• Synopsys $Synopsys(SNPS.US) (3.4%)• Nebius Group $Nebius(NBIS.US) (0.5%)New positions:• SpaceX, ~122.8M Class A shares, $20.98B stakeFull exits:• None
M![图片 1，共 2 张]()
![图片 2，共 2 张]()
Breaking: Citadel Advisors just filed its Q2 2026 13F
Here's everything you need to know about the recent 13FTop 10 positions:• SPDR S&P 500 ETF $SPY [Call] (4.1%)• Invesco QQQ Trust $QQQ [Put] (3.0%)• Invesco QQQ Trust $QQQ [Call] (2.7%)• SPDR S&P 500 ETF $SPY [Put] (2.7%)• Micron Technology $Micron Tech(MU.US) [Put] (2.5%)• Micron Technology $Micron Tech(MU.US) [Call] (1.9%)• Tesla $Tesla(TSLA.US) [Call] (1.6%)• iShares Core S&P 500 ETF $IVV (1.5%)• Nvidia $NVIDIA(NVDA.US) [Call] (1.4%)• SanDisk $Sandisk(SNDK.US) [Put] (1.3%)Top 10 new positions (by $ size):• SpaceX [Call]• SpaceX [Put]• Roundhill Memory ETF $MEM [Call]• SpaceX (equity)• Roundhill Memory ETF $MEM [Put]• Cerebras Systems (equity)• Madison Air Solutions• Cerebras Systems [Call]• Cerebras Systems [Put]• QuantinuumTop 10 full exits (by prior $ size):• Western Digital note• Live Nation note• Coterra Energy $Coterra Energy(CTRA.US)• Clearwater Analytics $Clearwater Analytics(CWAN.US)• Honeywell $Honeywell Tech(HON.US) [Call]• Terns Pharmaceuticals $Terns Pharmaceuticals(TERN.US)• Carnival $Carnival(CCL.US) [Put]• Honeywell $Honeywell Tech(HON.US) [Put]• Carnival $Carnival(CCL.US) (equity)• Honeywell $Honeywell Tech(HON.US) (equity)Summary: Citadel's book grew 41.5% to $875.1B this quarterM
Breaking: Point72 Asset Management just filed its Q2 2026 13F
Here's everything you need to know about the recent 13FTop 10 positions:• Credo Technology $Credo Tech(CRDO.US) (1.8%)• SPDR S&P 500 ETF $SPY [Put] (1.3%)• ASML $ASML(ASML.US) (1.2%)• SPDR S&P 500 ETF $SPY [Call] (1.2%)• Amazon $Amazon(AMZN.US) (1.2%)• MKS Inc $MKS(MKSI.US) (1.0%)• Arista Networks $Arista Networks(ANET.US) (1.0%)• Seagate Technology $Seagate Tech(STX.US) (0.9%)• AMD $AMD(AMD.US) (0.9%)• Taiwan Semiconductor $Taiwan Semiconductor(TSM.US) (0.8%)Top 10 new positions (by $ size):• $Atmos Energy(ATO.US) (Atmos Energy)• FedEx Freight Holding• INNIO Group• Alphabet Class B $Alphabet(GOOGL.US) (dep shares)• $GSK(GSK.US) (GSK plc)• CyberArk convertible note• X-Energy• Alphabet Class A $Alphabet(GOOGL.US) (dep shares)• iShares Investment Grade Corp Bond ETF $LQDTop 10 full exits (by prior $ size):• Apellis Pharmaceuticals $Apellis Pharma(APLS.US)• Lumentum convertible note• CenterPoint Energy note• Brinker International $Brinker(EAT.US)• Medline $Medline(MDLN.US)• Hyatt Hotels $Hyatt Hotels(H.US)• Teleflex $Teleflex(TFX.US)• Ventas note• Ascendis Pharma noteSummary: Point72's book grew 16.2% to $90.68B this quarter but stays extremely diversified, top 10 is only 11.2% of the fund. Roughly 566 positions added and 540 exited out of ~3,900 totalM![图片 1，共 1 张]()
Breaking: David Tepper just filed his Q2 2026 13F
Here's everything you need to know about his recent 13FTop 10 positions:• Amazon $Amazon(AMZN.US) (15.4%)• Micron Technology $Micron Tech(MU.US) (14.6%)• Taiwan Semiconductor $Taiwan Semiconductor(TSM.US) (10.2%)• Alphabet $Alphabet - C(GOOG.US) (8.5%)• Uber $Uber Tech(UBER.US) (7.2%)• iShares MSCI South Korea ETF $EWY (6.3%)• Meta Platforms $Meta Platforms(META.US) (4.9%)• Vistra $Vistra(VST.US) (4.5%)• Nvidia $NVIDIA(NVDA.US) (3.9%)• NRG Energy $NRG Energy(NRG.US) (3.3%)New positions:• $American Airlines(AAL.US)• $Boeing(BA.US)• $Goodyear Tire & Rubber(GT.US)• $Apple(AAPL.US) [Put]• $Coreweave(CRWV.US)• $BRK.B [Put]• $Broadcom(AVGO.US)• SpaceX (private)Full exits:• $Sandisk(SNDK.US)• $Corning(GLW.US)• $RTX(RTX.US)• $PDD(PDD.US)• $L3Harris Tech(LHX.US)• $Microsoft(MSFT.US)• $Unitedhealth(UNH.US)• $Boeing(BA.US)LL• $LYFT(LYFT.US)• $JD.com(JD.US)• $Deutsche Bank AG(DB.US)• $KWEBSummary: Tepper grew Appaloosa's book 30% to $7.73B this quarter, doubling down on his AI trio (Amazon, Micron, TSM) now nearly 40% of the portfolio. While adding a defense and industrials basket (Boeing, American Airlines, Goodyear) and a bearish Apple put alongside a full rotation out of Corning, RTX and UnitedHealthM
Breaking: Bridgewater Associates by Ray Dalio just filed its Q2 2026 13F
Here's everything you need to know about the recent 13FTop 10 positions:• SPDR S&P 500 ETF $SPY (16.3%)• iShares Core S&P 500 ETF $IVV (9.2%)• Nvidia $NVIDIA(NVDA.US) (3.2%)• Broadcom $Broadcom(AVGO.US) (2.0%)• Amazon $Amazon(AMZN.US) (2.0%)• Alphabet Class A $Alphabet(GOOGL.US) (1.9%)• Lam Research $Lam Research(LRCX.US) (1.7%)• Vanguard S&P 500 ETF $VOO (1.3%)• AMD $AMD(AMD.US) (1.3%)• iShares MSCI South Korea ETF $EWY (1.1%)Top 10 new positions (by $ size):• $Eversource Energy(ES.US) (Eversource Energy)• $AppLovin(APP.US) (AppLovin)• $Consolidated Edison(ED.US) (Con Edison)• $Nisource(NI.US) (NiSource)• $ServiceNow(NOW.US) (ServiceNow)• $Duke Energy(DUK.US) (Duke Energy)• $Nutanix(NTNX.US) (Nutanix)• $APA(APA.US) (APA Corp)• $Expand Energy(EXE.US) (Expand Energy)• $Vulcan Materials(VMC.US) (Vulcan Materials)Top 10 full exits (by prior $ size):• $Cisco(CSCO.US) (Cisco)• $Advanced Semiconductor Engineering(ASX.US) (ASE Technology)• $Coreweave(CRWV.US) (CoreWeave)• $Primoris(PRIM.US) (Primoris Services)• $Brookfield(BN.US) (Brookfield)• $Applied Optoelectronics(AAOI.US) (Applied Optoelectronics)• $Palantir Tech(PLTR.US) (Palantir)• $Nebius(NBIS.US) (Nebius Group)• $Sun Life Financial(SLF.US) (Sun Life Financial)• $Bristol Myers Squibb(BMY.US) (Bristol-Myers Squibb)Summary: Bridgewater's book grew 8.8% to $24.38B this quarter, still anchored by index ETFs (SPY + IVV = 25.5% of the fund) with AI/semis (NVDA, AVGO, LRCX, AMD) making up the next tier. New money leaned into utilities and energy (ES, ED, NI, DUK, APA), while exits skewed tech/growth (CSCO, CRWV, PLTR, NBIS, BMY). With 214 adds and 210 exits out of roughly 1,000 total names, this is systematic macro rebalancing, not conviction stock-pickingM
Breaking: Berkshire Hathaway just filed its Q2 2026 13F
Here's everything you need to know about the recent 13FTop 10 positions:• Apple $Apple(AAPL.US) (22.0%)• American Express $American Express(AXP.US) (17.1%)• Coca-Cola $Coca Cola(KO.US) (10.9%)• Alphabet Class A $Alphabet(GOOGL.US) (9.4%)• Bank of America $Bank of America(BAC.US) (9.2%)• Chevron $Chevron(CVX.US) (4.7%)• Occidental Petroleum $Occidental Petroleum(OXY.US) (4.3%)• Chubb $Chubb(CB.US) (3.9%)• Moody's $Moodys(MCO.US) (3.7%)• Alphabet Class C $Alphabet - C(GOOG.US) (3.2%)New positions:• $D.R. Horton(DHI.US) (toehold, $580K)Full exits:• $Constellation Brands(STZ.US) (Constellation Brands)Summary: Berkshire's book grew 13.7% to $299.25B this quarter on price appreciation, not rotation. Abel kept every top 10 name untouched, only move was a token toehold in D.R. Horton and closing out the small Constellation Brands stake entirelyM![图片 1，共 2 张]()
![图片 2，共 2 张]()
Breaking: Josh Kushner's Thrive Capital just filed its Q2 2026 13F
Here's everything you need to know about his recent 13FTop positions:• SpaceX $SpaceX(SPCX.US): 18,914,205 shares, $3,231,681,066• Amazon $Amazon(AMZN.US): 904,038 shares, $215,468,417• Oscar Health $Oscar Health(OSCR.US): 6,343,617 shares, $180,919,957• Shopify $Shopify (SHOP.US): 895,817 shares, $102,284,385• Figma $Figma(FIG.US): 4,396,636 shares, $79,535,145New positions:• $SpaceX(SPCX.US), $Amazon(AMZN.US) — both new this filingFull exits:• $Carvana(CVNA.US) (was 226,761 shares, $71,289,123)• $Stubhub - CL(STUB.US) (was 68,745 shares, $428,969)Summary: SpaceX is now 84.8% of the entire public bookM![图片 1，共 2 张]()
![图片 2，共 2 张]()
Breaking: Michael Burry's updated positions, per his Substack
Top 10 Positions: Top tier (~8% each):• Adobe $Adobe(ADBE.US) [Long]• MercadoLibre $Mercadolibre(MELI.US) [Long]• Zoetis $Zoetis(ZTS.US) [Long]• JD $JD.com(JD.US) [Long]Second tier (~7% each):• Lululemon $Lululemon(LULU.US) [Long]• PayPal $Paypal(PYPL.US) [Long]• Veeva $Veeva Systems -CL(VEEV.US) [Long]• Flutter $Flutter ENT(FLUT.US) [Long]• Molina Healthcare $Molina Healthcare(MOH.US) [Long]• HCA Healthcare $HCA Healthcare(HCA.US) [Long]Third tier (~5% each):• Fannie Mae $Federal National Mortgage Association(FNMA.US) [Long]• Freddie Mac $Freddie Mac(FMCC.US) [Long]• Sprouts $Sprouts Farmers(SFM.US) [Long]Shorts, largest to smallest:• iShares Semiconductor ETF $SOXX• Micron $Micron Tech(MU.US)• Nebius $Nebius(NBIS.US)• Nvidia $NVIDIA(NVDA.US)• Oracle $Oracle(ORCL.US)• Palantir $Palantir Tech(PLTR.US)• Caterpillar $Caterpillar(CAT.US)• Invesco QQQ Trust $QQQ [Put, ~6% of portfolio]Full exits:• Tesla $Tesla(TSLA.US) [Short] - Covered for a gain• Applied Materials $Applied Materials(AMAT.US) [Short] - Covered for a gain• SOXX put options - Sold entirely, replaced with the bigger QQQ put positionSummary: He's betting less on chips falling and more on the whole Nasdaq falling. Trimmed Caterpillar, added to Micron, raised cash to 12%
M![图片 1，共 2 张]()
![图片 2，共 2 张]()
Breaking: Michael Burry has finally admitted he's wrong in his updated positions
He:• Added to Micron $Micron Tech(MU.US) shorts • Trimmed Caterpillar $Caterpillar(CAT.US) shorts • Opened Invesco QQQ $QQQ shorts• Covered Tesla $Tesla(TSLA.US) shorts• Covered Applied Materials $Applied Materials(AMAT.US) shorts• Closed his Semiconductor ETF $SOXX shortsHe left his NVDA and PLTR shorts untouched
M![图片 1，共 1 张]()
New: Renaissance Technologies (founded by Jim Simons) just dropped their Q2 2026 13F
Currently a $72.6B portfolio with 3,140 positionsHere's what changed:Top Buys (approx):• Meta $Meta Platforms(META.US): +$995M• Nvidia $NVIDIA(NVDA.US): +$978M• Intel $Intel(INTC.US): +$696M• Alphabet $Alphabet - C(GOOG.US): +$672M• CrowdStrike $CrowdStrike(CRWD.US): +$572M• Amazon $Amazon(AMZN.US): +$546MTop Sells (approx):• SanDisk $Sandisk(SNDK.US): -$497M• Micron $Micron Tech(MU.US): -$487M• Apple $Apple(AAPL.US): -$322M• Linde $Linde(LIN.US): -$310M• Vertiv $Vertiv(VRT.US): -$232M• Nu Holdings $NU Holdings(NU.US): -$196MLooks like they're rotating into mega-cap AI and cybersecurity while cutting memory/chip supply-chain and industrial namesM![图片 1，共 2 张]()
![图片 2，共 2 张]()
Breaking: Michael Burry has disclosed his updated positions
He:• Added to Nebius $Nebius(NBIS.US) shorts at $247• Added to Micron $Micron Tech(MU.US) short at $924• Added to Oracle $Oracle(ORCL.US) short at $152• Added to Semiconductor ETF $SOXX shorts• Added to Mercado Libre $Mercadolibre(MELI.US) longs at $1850• Added to Zoetis $Zoetis(ZTS.US) long at $73.60Michael Burry said "Nebius is what the top of a boom looks like" expecting the AI crash is incoming