Michael Burry takes new position in Deckers Outdoors as part of 'proxy swap' (DECK:NYSE)

Michael Burry takes new position in Deckers Outdoors as part of 'proxy swap' (DECK:NYSE)

Michael Burry’s proxy swap: DECK replaces LULU in a wash-sale strategy to maintain sector exposure and adjust cost basis.

Michael Burry Defends Lululemon (NASDAQ: LULU) Tax-Loss Swap For Deckers (NYSE: DECK): 'I Am Not Throwing In The Towel'

Famed investor Michael Burry, best known for predicting the 2008 housing collapse depicted in “The Big Short,” has executed a strategic tax-loss sale of Lululemon Athletica Inc. (NASDAQ: LULU) after shares hit an 8.5-year low. Burry swapped his LULU position for shares in Deckers Outdoor (NYSE: DECK), using the footwear and apparel company as a […]

Michael Burry's 'proxy swap' comes with a 30-day countdown

Last November, Michael Burry told his Substack readers that tax-loss season was “a great time of year to find great companies being sold down too far.” He named Lululemon Athletica (LULU) as a holding and said owning big losers at year-end did not bother him. On Monday, October 5, 2026, he joined…