Michael Burry says he’s sold out of his top holding — for now

Michael Burry says he’s sold out of his top holding — for now Michael Burry says he’s sold out of his top holding — for now Michael Burry is selling Lululemon but plans to buy back it back. Michael Burry, the contrarian ex-hedge-fund manager chronicled in The Big Short, is selling his top holding at an 8.5-year low. to claim a tax benefit, according to multiple published reports, which cited his Substack service’s chat room. He said he’ll buy back Lululemon again in a month, after Internal Revenue Service 30-day wash-trading restrictions would expire.

Wall Street analysts are pessimistic on Lululemon, through the filter of their usually rose-colored glasses. Out of the 37 ratings tracked by FactSet, 27 are a hold and 6 are either underweight or sell. According to FactSet, of the 13,097 ratings on S&P 500 stocks, 60% are buy, 36% are hold and 5% are sell.

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I can unsubscribe at any time. The stock trades at just 11 times the projected earnings for the next 12 months. While Lululemon stock has floundered, one of the company’s Burry is betting against — Nvidia Copyright ©2026 MarketWatch, Inc.

All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8 Steven Goldstein is based in London and responsible for MarketWatch's coverage of financial markets in Europe, with a particular focus on global macro and commodities. Previously, he was Washington bureau chief, directing MarketWatch's economic, political and regulatory coverage. Follow Steve on Twitter: @MKTWgoldstein.

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