Michael Burry - Scion Asset Management
As of Q3 2025, Michael Burry reported 4 long-equity positions worth $68.14M in aggregate.
It also disclosed $1.1B of put notional and $214.38M of call notional. Notional is the contracts’ face value, not the premium paid, so it is reported separately from the equity above — see the Options section below.
Copy-investor backtest
- Latest quarter
- +5.19%
- 1-year
- +5.19%
- 3-year
- +48.45%
- 5-year
- +92.65%
- 3-year vs S&P 500
- -4.04%
- 5-year vs S&P 500
- +39.76%
- 5-year top 5
- +201.42%
Return from mechanically copying the disclosed 13F equity portfolio after each filing and rebalancing at the next. The vs S&P 500 figures subtract SPY over that manager's own rebalance dates, so both sides cover the same days; both are price return, excluding dividends. Method & limitations.
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All activity
This tab shows every position the manager opened, added to, reduced, or exited compared with the prior quarter, so you can see exactly what changed. The quarter shown is Q3 2025.
| Ticker | Security | Activity | % portfolio | Shares | Value | Reported price | Q range |
|---|---|---|---|---|---|---|---|
| MOH | MOLINA HEALTHCARE INC | New | 35.11% | 125,000 | $23.92M | $191.36 | $151.95 - $311.52(25%)$306.29 -> $191.36 |
| SLM | SLM CORP | New | 19.50% | 480,054 | $13.29M | $27.68 | $26.77 - $34.97(11%)$33.36 -> $27.68 |
| BRUKP | BRUKER CORP | New | 19.28% | 48,334 | $13.14M | — | - |
| LULU | LULULEMON ATHLETICA INC | Add +100.0% | 26.11% | 100,000 | $17.79M | $177.93 | $159.25 - $252.24(20%)$245.12 -> $177.93 |
| PLTR | PALANTIR TECHNOLOGIES INC | New | — | 5,000,000 | $912.1M | $182.42 | $128.51 - $190.00(88%)$130.68 -> $182.42 |
| NVDA | NVIDIA CORPORATION | New | — | 1,000,000 | $186.58M | $186.58 | $151.49 - $187.35(98%)$153.30 -> $186.58 |
| PFE | PFIZER INC | New | — | 6,000,000 | $152.88M | $25.48 | $23.11 - $26.11(79%)$25.04 -> $25.48 |
| HAL | HALLIBURTON CO | New | — | 2,500,000 | $61.5M | $24.60 | $20.09 - $25.68(81%)$21.21 -> $24.60 |
| BABA | ALIBABA GROUP HLDG LTD | Sold | — | 0 | $0 | — | - |
| ASML | ASML HOLDING N V | Sold | — | 0 | $0 | — | - |
| BRKR | BRUKER CORP | Sold | — | 0 | $0 | — | - |
| JD | JD.COM INC | Sold | — | 0 | $0 | — | - |
| EL | LAUDER ESTEE COS INC | Sold | — | 0 | $0 | — | - |
| EL | LAUDER ESTEE COS INC | Sold | — | 0 | $0 | — | - |
| LULU | LULULEMON ATHLETICA INC | Sold | — | 0 | $0 | — | - |
| MELI | MERCADOLIBRE INC | Sold | — | 0 | $0 | — | - |
| META | META PLATFORMS INC | Sold | — | 0 | $0 | — | - |
| REGN | REGENERON PHARMACEUTICALS | Sold | — | 0 | $0 | — | - |
| REGN | REGENERON PHARMACEUTICALS | Sold | — | 0 | $0 | — | - |
| UNH | UNITEDHEALTH GROUP INC | Sold | — | 0 | $0 | — | - |
| UNH | UNITEDHEALTH GROUP INC | Sold | — | 0 | $0 | — | - |
| VFC | V F CORP | Sold | — | 0 | $0 | — | - |