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 18 of 48 rows. Rows without a quote are marked unavailable.
| 1 | EXPE | EXPEDIA GROUP INC | 9.82% | New | 100,000 | $10.94M | $109.39 | |
| 2 | CHTR | CHARTER COMMUNICATIONS INC N | 8.25% | New | 25,000 | $9.18M | $367.37 | |
| 3 | GNRC | GENERAC HLDGS INC | 7.37% | New | 55,000 | $8.2M | $149.13 | |
| 4 | CI | THE CIGNA GROUP | 6.93% | Add +10.0% | 27,500 | $7.72M | $280.60 | |
| 5 | CVS | CVS HEALTH CORP | 6.21% | New | 100,000 | $6.91M | $69.13 | |
| 6 | MGM | MGM RESORTS INTERNATIONAL | 5.92% | New | 150,000 | $6.59M | $43.92 | |
| 7 | STLA | STELLANTIS N.V | 5.12% | New | 325,000 | $5.7M | $17.54 | |
| 8 | VTLE | VITAL ENERGY INC | 5.07% | New | 125,000 | $5.64M | No quote | No quote |
| 9 | SIG | SIGNET JEWELERS LIMITED | 4.98% | Reduce -32.0% | 85,000 | $5.55M | No quote | No quote |
| 10 | WBD | WARNER BROS DISCOVERY INC | 4.22% | New | 375,000 | $4.7M | $12.54 | |
| 11 | GEO | GEO GROUP INC NEW | 3.86% | Add +50.0% | 600,000 | $4.3M | No quote | No quote |
| 12 | LILAK | LIBERTY LATIN AMERICA LTD | 3.48% | Reduce -43.8% | 450,000 | $3.88M | $8.62 | |
| 13 | NEX | NEXTIER OILFIELD SOLUTIONS | 3.21% | New | 400,000 | $3.58M | No quote | No quote |
| 14 | REAL | THE REALREAL INC | 2.99% | Add +119.2% | 1,500,000 | $3.33M | $2.22 | |
| 15 | SBLK | STAR BULK CARRIERS CORP. | 2.94% | New | 184,740 | $3.27M | $17.70 | |
| 16 | CRGY | CRESCENT ENERGY COMPANY | 2.28% | New | 243,963 | $2.54M | $10.42 | |
| 17 | NXST | NEXSTAR MEDIA GROUP INC | 2.24% | New | 15,000 | $2.5M | No quote | No quote |
| 18 | CRK | COMSTOCK RES INC | 2.08% | New | 200,000 | $2.32M | No quote | No quote |
| 19 | NYCB | NEW YORK CMNTY BANCORP INC | 2.02% | Reduce -76.5% | 200,000 | $2.25M | No quote | No quote |
| 20 | IHRT | IHEARTMEDIA INC | 1.96% | New | 600,000 | $2.18M | $3.64 | |
| 21 | HBI | HANESBRANDS INC | 1.63% | New | 400,000 | $1.82M | No quote | No quote |
| 22 | QRTEA | QURATE RETAIL INC | 1.33% | New | 1,500,000 | $1.48M | No quote | No quote |
| 23 | CMRE | COSTAMARE INC | 1.09% | New | 125,000 | $1.21M | No quote | No quote |
| 24 | HPP | HUDSON PAC PPTYS INC | 0.95% | New | 250,000 | $1.06M | $4.22 | |
| 25 | SCJ | ISHARES INC | 0.83% | New | 13,500 | $923.09K | No quote | No quote |
| 26 | FLJP | FRANKLIN TEMPLETON ETF TR | 0.73% | New | 30,000 | $811.5K | No quote | No quote |
| 27 | EURN | EURONAV NV | 0.72% | New | 52,900 | $805.14K | No quote | No quote |
| 28 | EWJ | ISHARES INC | 0.56% | New | 10,000 | $619K | $61.90 | |
| 29 | PDS | PRECISION DRILLING CORP | 0.51% | New | 11,630 | $569.06K | $48.93 | |
| 30 | SB | SAFE BULKERS INC | 0.37% | New | 127,525 | $415.73K | No quote | No quote |
| 31 | EWJV | ISHARES TR | 0.33% | New | 13,600 | $372.1K | No quote | No quote |
| 46 | ZM | ZOOM VIDEO COMMUNICATIONS IN | - | Sold | 0 | $0 | No quote | No quote |
| 45 | WAL | WESTERN ALLIANCE BANCORP | - | Sold | 0 | $0 | No quote | No quote |
| 44 | WFC | WELLS FARGO CO NEW | - | Sold | 0 | $0 | No quote | No quote |
| 43 | SBSW | SIBANYE STILLWATER LTD | - | Sold | 0 | $0 | No quote | No quote |
| 42 | PACW | PACWEST BANCORP DEL | - | Sold | 0 | $0 | No quote | No quote |
| 41 | OVV | OVINTIV INC | - | Sold | 0 | $0 | No quote | No quote |
| 40 | NOV | NOV INC | - | Sold | 0 | $0 | No quote | No quote |
| 39 | JD | JD.COM INC | - | Sold | 0 | $0 | No quote | No quote |
| 38 | HBAN | HUNTINGTON BANCSHARES INC | - | Sold | 0 | $0 | No quote | No quote |
| 37 | FRCB | FIRST REP BK SAN FRANCISCO C | - | Sold | 0 | $0 | No quote | No quote |
| 36 | DVN | DEVON ENERGY CORP NEW | - | Sold | 0 | $0 | No quote | No quote |
| 35 | CTRA | COTERRA ENERGY INC | - | Sold | 0 | $0 | No quote | No quote |
| 34 | COHR | COHERENT CORP | - | Sold | 0 | $0 | No quote | No quote |
| 33 | COF | CAPITAL ONE FINL CORP | - | Sold | 0 | $0 | No quote | No quote |
| 32 | BABA | ALIBABA GROUP HLDG LTD | - | 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.