Michael Burry disclosed a roughly 3.5% stake in PayPal, adding to existing holdings in Fiserv, Adobe, Autodesk, and Veeva.
He plans to buy Salesforce and MSCI on Thursday, stating technical pressures from private‑credit debt won’t depress software stocks longer.
Burry attributes recent software‑stock declines to a reflexive feedback loop between falling equity prices and bank‑debt stress, not weak fundamentals.
He notes retail investors are pulling from private‑credit funds linked to software firms, while large‑language‑model risks don’t affect his selected companies.