Michael Burry, the investor who famously predicted the 2008 housing crisis, has been waging a very public war against Palantir Technologies. His short position, first disclosed through put options in late 2025, has become one of the most scrutinized bets in the market.
Here’s the thing: while social media chatter suggests Burry has closed his short, no credible evidence supports that claim as of late June 2026. In fact, his most recent public comments double down on exactly the opposite.
The anatomy of a high-profile short
Burry’s bearish stance on Palantir first surfaced in 13F filings covering the period ending September 30, 2025. The filing showed put options on Palantir with a notional value of approximately $912 million, alongside roughly $187 million in puts on Nvidia.
Those headline numbers, as is often the case with options disclosures, told a misleading story. Burry later clarified that his actual spend on Palantir puts was around $9.2 million for approximately 50,000 contracts. In English: he wasn’t betting nearly a billion dollars against the company. He was spending less than $10 million on options that would pay off if Palantir dropped to around $50 by 2027.
