Michael Burry disclosed a short position in Caterpillar at $1,060.98, calling its valuation unsupported. CAT shares fell up to 6.65% from record highs.

"Caterpillar jumped out at me," Burry said. "I have never shorted Caterpillar. It has always done great for me on the long side in the past."

Michael Burry has shorted Caterpillar for the first time ever, expanding his bearish bets against AI-linked stocks as the rally draws dot-com bubble