Breaking: Michael Burry has disclosed his updated positions He: • Added to Lululemon $LULU long at $127.45 • Added to Freddie Mac $FMCC long at $5.43 • Added to Mercado Libre $MELI long at $1812.39 • Added to Fiserv $FISV long at $51.93 • Added to Zoetis $ZTS long at $72.72 • Added to Semiconductor ETF $SOXX short at $541 Burry left his Tesla and Palantir shorts untouched

Breaking: Michael Burry has disclosed his updated positions He: • Sold his Microsoft $MSFT longs • Sold his Oracle $ORCL shorts • Sold his Palantir $PLTR January 2026 shorts • Rolled Nvidia $NVDA shorts to June 2027 • Rolled Invesco $QQQ shorts to Feb 2027 He continues to hold his short positions in $SOXX, $MU, $NVDA, $CAT, $PLTR, $TSLA, and $AMAT

Breaking: Michael Burry has disclosed his updated positions He: • Added to Micron $MU short at $933.86 • Added to Nvidia $NVDA short at $210.28 • Added to Caterpillar $CAT short at $893.49 • Added to Semiconductor ETF $SOXX short at $535.83 • Added to Flutter $FLUT long at $100.72 • Added to DraftKings $DKNG long at $23.07 • Added to Molina $MOH long at $197.02 Burry left his Tesla, Palantir and QQQ shorts untouched

You just can't make this up The day before Trump announced a tariff pause that sent the S&P 500 up 9.5% His accounts purchased 327 stocks worth up to $12.8 million By law, those trades had to be disclosed within 45 days Instead, they were disclosed over a year late, for a $200 penalty

21 years ago today, The Big Short began Michael Burry spent years being called a fraud before he made $100,000,000 He was losing investors money and refused to give it back • March 2005: Burry begins reading hundreds of mortgage bond loan files • May 2005: Starts calling Goldman, Deutsche Bank, Morgan Stanley to build a trade that doesn't exist • May 19, 2005: $60M in credit default swaps from Deutsche Bank. The Big Short begins. • July 2005: $750M in CDS across Goldman, Deutsche Bank, Morgan Stanley, Bank of America, UBS and Merrill Lynch • October 2005: His short position reaches $1B and his own investors call him crazy. Lawyers got involved so Burry locks withdrawals • 2007: Housing market collapses • 2008: Every investor who threatened to sue him made $725 million He was wrong everyday for 2 years before it all went right

Breaking: Leopold Aschenbrenner just filed his Q1 2026 13F Here's everything you need to know about his recent 13F Top 10 positions: 1. VanEck Semiconductor ETF $SMH [Put] — $2.04B 2. Nvidia $NVDA [Put] — $1.57B 3. Oracle $ORCL [Put] — $1.07B 4. Broadcom $AVGO [Put] — $1.01B 5. Advanced Micro Devices $AMD [Put] — $969M 6. Bloom Energy $BE — $879M 7. SanDisk $SNDK — $724M 8. Micron $MU [Put] — $584M 9. CoreWeave $CRWV — $556M 10. Taiwan Semiconductor $TSM [Put] — $535M New positions: • $SMH, $NVDA, $ORCL, $AVGO, $AMD, $MU, $TSM, $ASML, $INTC, $GLW — all puts • $MU [Call] — $422M • $TSM [Call] — $355M • $SNDK [Call] — $389M Biggest adds: • CleanSpark $CLSK: +648% shares • Riot Platforms $RIOT: +87% shares Biggest trims: • CoreWeave $CRWV [Call]: -83% shares • Bloom Energy $BE: -36% shares Full exits: • Intel $INTC [Call] — was $747M • Lumentum $LITE — was $479M • EQT Corp $EQT — was $133M • Tower Semiconductor $TSEM — was $85M Summary: He kept his AI infrastructure longs and opened $8.45B in new puts against tech and semiconductor

Breaking: Everyone waiting on Aschenbrenner's 13F won't see it until next week Here's why: • The 13F cutoff is at 5:30 PM ET • Filed after that means it's queued to the next business day (Monday) Leopold's trades will be posted here when live