Michael Burry, the investor who made his name and a fortune by correctly calling the 2008 housing collapse, has closed his short position on Oracle.
The closure marks the end of a bearish campaign that Burry had been running against Oracle for at least six months before he went public with it in January 2026.
How this trade came together
Burry disclosed his Oracle puts in a January 2026 Substack post, which is how he now communicates with the world after shutting down Scion Asset Management in November 2025. The post was characteristically blunt: he laid out his criticisms of Oracle’s strategic direction, its approach to artificial intelligence investment, and what he viewed as questionable financing decisions.
Oracle’s stock did fall sharply. From its peak in the third quarter of 2025, the stock dropped approximately 51% by early February 2026.
