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'The Big Short' Bet Against Palantir & NVIDIA Michael Burry's Scion Asset Management's latest 13F disclosure shows an extreme bearish concentration. The hedge fund has concentrated 80% of its $1.38B portfolio into put options on Palantir and Nvidia. Portfolio Breakdown: Total notional value: $1.38 billion (↑139% from Q2's $578M) $PLTR Puts: • $912 million (66% of portfolio) • 5 million put contracts $NVDA Puts: • $187 million (13.5% of portfolio) • 1 million put contracts Combined: $1.1B (~80%) betting both stocks fall. Both companies are positioned to benefit from current administration priorities. Yet Burry's thesis appears to be: valuations are so extreme that even favorable policies can't justify current prices.