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 14 of 47 rows. Rows without a quote are marked unavailable.
| 1 | CXW | CORECIVIC INC | 8.55% | Add +10.0% | 1,100,000 | $9.96M | No quote | No quote |
| 2 | IMKTA | INGLES MKTS INC | 7.94% | Add +34.6% | 150,000 | $9.25M | No quote | No quote |
| 3 | ZYME | ZYMEWORKS INC | 7.62% | New | 281,018 | $8.88M | No quote | No quote |
| 4 | LUMN | LUMEN TECHNOLOGIES INC | 7.45% | New | 650,000 | $8.68M | No quote | No quote |
| 5 | CVS | CVS HEALTH CORP | 7.11% | New | 110,000 | $8.28M | $75.23 | |
| 6 | SXC | SUNCOKE ENERGY INC | 6.62% | Add +41.7% | 1,100,000 | $7.71M | No quote | No quote |
| 7 | DNOW | NOW INC | 6.07% | Reduce -53.3% | 700,000 | $7.06M | $10.09 | |
| 8 | RPT | RPT REALTY | 5.88% | Reduce -40.0% | 600,000 | $6.85M | No quote | No quote |
| 9 | TBT | PROSHARES TR | 5.60% | New | 300,000 | $6.52M | No quote | No quote |
| 10 | OXY | OCCIDENTAL PETE CORP | 5.15% | New | 225,000 | $5.99M | $26.62 | |
| 11 | VACQ | VECTOR ACQUISITION CORP | 4.69% | New | 461,591 | $5.47M | No quote | No quote |
| 12 | HP | HELMERICH & PAYNE INC | 4.63% | New | 200,000 | $5.39M | $26.96 | |
| 13 | PDS | PRECISION DRILLING CORP | 4.13% | New | 222,706 | $4.81M | $21.61 | |
| 14 | MRNS | MARINUS PHARMACEUTICALS INC | 3.95% | New | 297,272 | $4.6M | No quote | No quote |
| 15 | MDP | MEREDITH CORP | 3.58% | New | 140,000 | $4.17M | No quote | No quote |
| 16 | GNK | GENCO SHIPPING & TRADING LTD | 3.07% | New | 354,711 | $3.58M | No quote | No quote |
| 17 | GOGL | GOLDEN OCEAN GROUP LTD | 3.05% | New | 530,000 | $3.55M | No quote | No quote |
| 18 | STNG | SCORPIO TANKERS INC | 3.01% | New | 190,100 | $3.51M | $18.46 | |
| 19 | ARPO | AERPIO PHARMACEUTICALS INC | 1.11% | New | 1,000,000 | $1.29M | No quote | No quote |
| 20 | UBA | URSTADT BIDDLE PPTYS INC | 0.75% | Reduce -87.6% | 52,512 | $874K | No quote | No quote |
| 34 | WDC | WESTERN DIGITAL CORP. | - | Sold | 0 | $0 | No quote | No quote |
| 33 | WFC | WELLS FARGO CO NEW | - | Sold | 0 | $0 | No quote | No quote |
| 32 | UNIT | UNITI GROUP INC | - | Sold | 0 | $0 | No quote | No quote |
| 31 | QRTEA | QURATE RETAIL INC | - | Sold | 0 | $0 | No quote | No quote |
| 30 | MSGN | MSG NETWORK INC | - | Sold | 0 | $0 | No quote | No quote |
| 29 | TAP | MOLSON COORS BEVERAGE CO | - | Sold | 0 | $0 | No quote | No quote |
| 28 | CTL | LUMEN TECHNOLOGIES INC | - | Sold | 0 | $0 | No quote | No quote |
| 27 | KBAL | KIMBALL INTL INC | - | Sold | 0 | $0 | No quote | No quote |
| 26 | HFC | HOLLYFRONTIER CORP | - | Sold | 0 | $0 | No quote | No quote |
| 25 | GEO | GEO GROUP INC NEW | - | Sold | 0 | $0 | No quote | No quote |
| 24 | DISCA | DISCOVERY INC | - | Sold | 0 | $0 | No quote | No quote |
| 23 | DBI | DESIGNER BRANDS INC | - | Sold | 0 | $0 | No quote | No quote |
| 22 | ARCC | ARES CAPITAL CORP | - | Sold | 0 | $0 | No quote | No quote |
| 21 | ALL | ALLSTATE CORP | - | 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 | TSLA | TESLA INCCOM | PUT | New | 800,100 | $534.41M |
| 2 | TLT | ISHARES TR20 YR TR BD ETF | PUT | New | 1,266,400 | $171.53M |
| 3 | GOOG | ALPHABET INCCAP STK CL C | CALL | New | 80,000 | $165.49M |
| 4 | META | FACEBOOK INCCL A | CALL | New | 550,000 | $161.99M |
| 5 | TBT | PROSHARES TRPSHS ULTSH 20YRS | CALL | New | 2,536,000 | $55.13M |
| 6 | KHC | KRAFT HEINZ COCOM | CALL | Add +99.2% | 1,174,800 | $46.99M |
| 7 | IWO | ISHARES TRRUS 2000 GRW ETF | PUT | New | 140,900 | $42.37M |
| 8 | CVS | CVS HEALTH CORPCOM | CALL | New | 400,000 | $30.09M |
| 9 | NTAP | NETAPP INCCOM | CALL | New | 300,000 | $21.8M |
| 10 | TTT | PROSHARES TRULSH 20YRTRE NEW | CALL | New | 100,000 | $4.58M |
| 11 | TMV | DIREXION SHS ETF TR20YR TRES BEAR | CALL | New | 38,400 | $3.13M |
| 13 | PFE | PFIZER INCCOM | CALL | Sold | 0 | $0 |
| 12 | C | CITIGROUP INCCOM NEW | CALL | Sold | 0 | $0 |