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Focused investors/Michael Burry

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
+71.86%
5-year
+133.91%
3-year vs S&P 500
+19.37%
5-year vs S&P 500
+81.02%
5-year top 5
+245.19%

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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Updated 2026-06-06 from SEC 13F data.

Live quotes available for 3 of 8 rows. Rows without a quote are marked unavailable.

1COTYCOTY INC36.52%New550,000$12.93M$23.50No quote
2GOOGALPHABET INC32.95%-15,000$11.66M$777.27No quote
3HCAHCA HOLDINGS INC21.37%-100,000$7.56M$75.63No quote
4GRSHGORES HLDGS INC9.16%New300,000$3.24MNo quoteNo quote
8TBPHTHERAVANCE BIOPHARMA INC-Sold0$0No quoteNo quote
7NXRTNEXPOINT RESIDENTIAL TR INC-Sold0$0No quoteNo quote
6NPTNNEOPHOTONICS CORP-Sold0$0No quoteNo quote
5AMGNAMGEN INC-Sold0$0No quoteNo quote