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 12 of 40 rows. Rows without a quote are marked unavailable.
| 1 | DISCK | DISCOVERY INC | 18.02% | New | 855,084 | $24.78M | No quote | No quote |
| 2 | OVV | OVINTIV INC | 13.73% | New | 600,000 | $18.88M | $31.47 | |
| 3 | GEO | GEO GROUP INC NEW | 12.94% | New | 2,500,000 | $17.8M | No quote | No quote |
| 4 | CVS | CVS HEALTH CORP | 12.13% | Add +81.8% | 200,000 | $16.69M | $83.44 | |
| 5 | CXW | CORECIVIC INC | 9.90% | Add +18.2% | 1,300,000 | $13.61M | No quote | No quote |
| 6 | STNG | SCORPIO TANKERS INC | 9.62% | Add +215.6% | 600,000 | $13.23M | $22.05 | |
| 7 | MRNS | MARINUS PHARMACEUTICALS INC | 8.15% | Add +110.3% | 625,000 | $11.21M | No quote | No quote |
| 8 | SXC | SUNCOKE ENERGY INC | 8.12% | Add +42.3% | 1,564,804 | $11.17M | No quote | No quote |
| 9 | GOGL | GOLDEN OCEAN GROUP LTD | 5.62% | Add +32.1% | 700,000 | $7.73M | No quote | No quote |
| 10 | VYGG | VY GLOBAL GROWTH | 1.05% | New | 144,550 | $1.44M | No quote | No quote |
| 11 | VYGGWS | VY GLOBAL GROWTH | 0.72% | New | 550,000 | $996K | No quote | No quote |
| 25 | ZYME | ZYMEWORKS INC | - | Sold | 0 | $0 | No quote | No quote |
| 24 | VACQ | VECTOR ACQUISITION CORP | - | Sold | 0 | $0 | No quote | No quote |
| 23 | UBA | URSTADT BIDDLE PPTYS INC | - | Sold | 0 | $0 | No quote | No quote |
| 22 | RPT | RPT REALTY | - | Sold | 0 | $0 | No quote | No quote |
| 21 | TBT | PROSHARES TR | - | Sold | 0 | $0 | No quote | No quote |
| 20 | PDS | PRECISION DRILLING CORP | - | Sold | 0 | $0 | No quote | No quote |
| 19 | OXY | OCCIDENTAL PETE CORP | - | Sold | 0 | $0 | No quote | No quote |
| 18 | DNOW | NOW INC | - | Sold | 0 | $0 | No quote | No quote |
| 17 | MDP | MEREDITH CORP | - | Sold | 0 | $0 | No quote | No quote |
| 16 | LUMN | LUMEN TECHNOLOGIES INC | - | Sold | 0 | $0 | No quote | No quote |
| 15 | IMKTA | INGLES MKTS INC | - | Sold | 0 | $0 | No quote | No quote |
| 14 | HP | HELMERICH & PAYNE INC | - | Sold | 0 | $0 | No quote | No quote |
| 13 | GNK | GENCO SHIPPING & TRADING LTD | - | Sold | 0 | $0 | No quote | No quote |
| 12 | ARPO | AERPIO PHARMACEUTICALS 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 | TSLA | TESLA INCCOM | PUT | Add +34.4% | 1,075,500 | $731.02M |
| 2 | META | FACEBOOK INCCL A | CALL | Add +71.1% | 941,200 | $327.27M |
| 3 | TLT | ISHARES TR20 YR TR BD ETF | PUT | Add +53.4% | 1,943,000 | $280.47M |
| 4 | GOOG | ALPHABET INCCAP STK CL C | CALL | Add +14.9% | 91,900 | $230.33M |
| 5 | MCK | MCKESSON CORPCOM | CALL | New | 682,400 | $130.5M |
| 6 | KHC | KRAFT HEINZ COCOM | CALL | Add +21.3% | 1,424,800 | $58.1M |
| 7 | WMT | WALMART INCCOM | CALL | New | 378,600 | $53.39M |
| 8 | CAH | CARDINAL HEALTH INCCOM | CALL | New | 857,700 | $48.97M |
| 9 | CVS | CVS HEALTH CORPCOM | CALL | Add +31.3% | 525,300 | $43.83M |
| 10 | ARKK | ARK ETF TRINNOVATION ETF | PUT | New | 235,500 | $30.8M |
| 11 | TBT | PROSHARES TRPSHS ULTSH 20YRS | CALL | Reduce -79.7% | 516,100 | $9.72M |
| 15 | TTT | PROSHARES TRULSH 20YRTRE NEW | CALL | Sold | 0 | $0 |
| 14 | NTAP | NETAPP INCCOM | CALL | Sold | 0 | $0 |
| 13 | IWO | ISHARES TRRUS 2000 GRW ETF | PUT | Sold | 0 | $0 |
| 12 | TMV | DIREXION SHS ETF TR20YR TRES BEAR | CALL | Sold | 0 | $0 |