CNBC
Michael Burry says he's shorting Caterpillar for the first time after it nearly doubled in the AI-driven rally of 2026
Tuesday, June 30, 2026
Michael Burry announced a short position in Caterpillar, stating he had not previously shorted the company and that it had performed well for him as a long holding in the past. Burry did not provide a public explanation for the timing of the position or specific reasons for the short bet. Caterpillar's stock rose significantly during 2026.