Sep. 14 at 12:20 AM
Michael Burry might be getting absolutely stiff armed by
$LULU.
His last 13F showed 100,000 shares worth about
$17.8M. With
$LULU now around
$99 and down roughly 50% YTD, that same stake would be worth only about
$9.9M today.
If he is still holding, that is roughly a
$7.9M paper loss.
13Fs are delayed, so we do not know if he still owns the full position, but this one has been brutal.