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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Live quotes available for 21 of 42 rows. Rows without a quote are marked unavailable.
| 1 | GME | GAMESTOP CORP NEW | 11.27% | Reduce -38.1% | 1,703,400 | $17.38M | No quote | No quote |
| 2 | META | FACEBOOK INC | 8.49% | New | 50,000 | $13.1M | $261.90 | |
| 3 | DISCA | DISCOVERY INC | 7.06% | - | 500,000 | $10.89M | No quote | No quote |
| 4 | UNIT | UNITI GROUP INC | 6.83% | Add +57.0% | 1,000,000 | $10.54M | $10.54 | |
| 5 | WDC | WESTERN DIGITAL CORP. | 5.92% | New | 250,000 | $9.14M | $36.55 | |
| 6 | CVS | CVS HEALTH CORP | 5.68% | New | 150,000 | $8.76M | $58.40 | |
| 7 | ALL | ALLSTATE CORP | 5.49% | New | 90,000 | $8.47M | $94.14 | |
| 8 | MSGN | MSG NETWORK INC | 5.27% | New | 850,000 | $8.14M | No quote | No quote |
| 9 | CTL | LUMEN TECHNOLOGIES INC | 5.23% | New | 800,000 | $8.07M | No quote | No quote |
| 10 | QRTEA | QURATE RETAIL INC | 5.12% | New | 1,100,000 | $7.9M | No quote | No quote |
| 11 | TCOM | TRIP COM GROUP LTD | 5.05% | Reduce -23.1% | 250,000 | $7.79M | $31.14 | |
| 12 | QRVO | QORVO INC | 5.02% | Reduce -20.0% | 60,000 | $7.74M | $129.02 | |
| 13 | MO | ALTRIA GROUP INC | 5.01% | New | 200,000 | $7.73M | $38.64 | |
| 14 | RPT | RPT REALTY | 4.76% | New | 1,350,000 | $7.34M | No quote | No quote |
| 15 | DBI | DESIGNER BRANDS INC | 4.22% | Add +108.7% | 1,200,000 | $6.52M | No quote | No quote |
| 16 | KBAL | KIMBALL INTL INC | 3.76% | Add +230.4% | 550,000 | $5.8M | No quote | No quote |
| 17 | ROIC | RETAIL OPPORTUNITY INVTS COR | 3.38% | - | 500,000 | $5.21M | No quote | No quote |
| 18 | PDS | PRECISION DRILLING CORP | 1.87% | Add +11.8% | 4,500,000 | $2.88M | $0.64 | |
| 19 | UBA | URSTADT BIDDLE PPTYS INC | 0.30% | New | 50,000 | $460K | No quote | No quote |
| 20 | LILA | LIBERTY LATIN AMERICA LTD | 0.27% | New | 49,671 | $410K | $8.25 | |
| 24 | MAXR | MAXAR TECHNOLOGIES INC | - | Sold | 0 | $0 | No quote | No quote |
| 23 | HP | HELMERICH & PAYNE INC | - | Sold | 0 | $0 | No quote | No quote |
| 22 | CPA | COPA HOLDINGS SA | - | Sold | 0 | $0 | No quote | No quote |
| 21 | BBBYQ | BED BATH & BEYOND INC | - | Sold | 0 | $0 | No quote | No quote |
Options positions
Put = right to sell at strike (a bearish bet). Call = right to buy at strike (bullish via leverage). The notional column shows the underlying market value reported to the SEC, not the option premium paid - these don't add to the long-equity % portfolio above.
| 1 | GOOG | ALPHABET INCCAP STK CL C | CALL | Reduce -50.0% | 40,000 | $58.78M |
| 2 | CVS | CVS HEALTH CORPCOM | CALL | New | 462,100 | $26.99M |
| 3 | PFE | PFIZER INCCOM | CALL | New | 416,600 | $15.29M |
| 4 | GS | GOLDMAN SACHS GROUP INCCOM | CALL | - | 73,600 | $14.79M |
| 5 | META | FACEBOOK INCCL A | CALL | Reduce -51.7% | 45,000 | $11.79M |
| 6 | WDC | WESTERN DIGITAL CORP.COM | CALL | - | 270,000 | $9.87M |
| 7 | JPM | JPMORGAN CHASE & COCOM | CALL | - | 86,000 | $8.28M |
| 8 | BAC | BK OF AMERICA CORPCOM | CALL | - | 342,300 | $8.25M |
| 9 | LVS | LAS VEGAS SANDS CORPCOM | CALL | - | 153,000 | $7.14M |
| 10 | FL | FOOT LOCKER INCCOM | CALL | - | 180,000 | $5.95M |
| 11 | WYNN | WYNN RESORTS LTDCOM | CALL | - | 70,000 | $5.03M |
| 12 | PARA | VIACOMCBS INCCL B | CALL | - | 86,000 | $2.41M |
| 13 | NOV | NATIONAL OILWELL VARCO INCCOM | CALL | Reduce -5.1% | 163,600 | $1.48M |
| 18 | QRVO | QORVO INCCOM | CALL | Sold | 0 | $0 |
| 17 | HP | HELMERICH & PAYNE INCCOM | CALL | Sold | 0 | $0 |
| 16 | DISCA | DISCOVERY INCCOM SER A | CALL | Sold | 0 | $0 |
| 15 | CBRL | CRACKER BARREL OLD CTRY STORCOM | CALL | Sold | 0 | $0 |
| 14 | BKNG | BOOKING HOLDINGS INCCOM | CALL | Sold | 0 | $0 |