Michael Burry Scion Asset Management
Michael Burry is most famous for predicting the 2008 subprime mortgage crisis and profiting from it by taking a short position against mortgage-backed securities. He founded the hedge fund Scion Capital in 2000, which he ran until 2008, generating impressive returns for investors. Burry’s investment style centers on deep fundamental analysis, focusing on undervalued or overvalued companies and assets.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Molina Healthcare
MOH
|
+$23M |
| 2 |
SLM Corp
SLM
|
+$15M |
| 3 |
Bruker Corporation 6.375% Series A Preferred Stock
BRKRP
|
+$12.9M |
| 4 |
lululemon athletica
LULU
|
+$10M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Estee Lauder
EL
|
+$12.1M |
| 2 |
Bruker
BRKR
|
+$10.3M |
| 3 |
Regeneron Pharmaceuticals
REGN
|
+$7.88M |
| 4 |
Mercado Libre
MELI
|
+$7.84M |
| 5 |
UnitedHealth
UNH
|
+$6.24M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 96.02% |
| 2 | Healthcare | 1.73% |
| 3 | Consumer Discretionary | 1.29% |
| 4 | Financials | 0.96% |
| 5 | Consumer Staples | 0% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1
PUT
Palantir
PLTR
$447B
| $912M | 66.04% |
+5,000,000
| New | +$810M |
2025 Q3
0 quarters
|
|
2
PUT
NVIDIA
NVDA
$5.17T
| $187M | 13.51% |
+1,000,000
| New | +$174M |
2025 Q3
0 quarters
|
|
3
CALL
Pfizer
PFE
$169B
| $153M | 11.07% |
+6,000,000
| New | +$148M |
2025 Q3
0 quarters
|
|
4
CALL
Halliburton
HAL
$27.9B
| $61.5M | 4.45% |
+2,500,000
| New | +$55.3M |
2025 Q3
0 quarters
|
|
|
5
Molina Healthcare
MOH
$10.8B
| $23.9M | 1.73% |
+125,000
| New | +$23M |
2025 Q3
0 quarters
|
|
|
6
lululemon athletica
LULU
$11.2B
| $17.8M | 1.29% |
100,000
+50,000
| +100% | +$10M |
2025 Q2
1 quarter
|
|
|
7
SLM Corp
SLM
$4.1B
| $13.3M | 0.96% |
+480,054
| New | +$15M |
2025 Q3
0 quarters
|
|
|
8
Bruker Corporation 6.375% Series A Preferred Stock
BRKRP
$1.12B
| $13.1M | 0.95% |
+48,334
| New | +$12.9M |
2025 Q3
0 quarters
|
|
9
CALL
ASML
ASML
$633B
| – | – |
-25,000
| Closed | -$20M | – |
|
10
CALL
Alibaba
BABA
$271B
| – | – |
-250,000
| Closed | -$28.4M | – |
|
|
11
Bruker
BRKR
$8.35B
| – | – |
-250,000
| Closed | -$10.3M | – |
|
|
12
CALL
Estee Lauder
EL
$37.9B
| – | – |
-500,000
| Closed | -$40.4M | – |
|
|
13
Estee Lauder
EL
$37.9B
| – | – |
-150,000
| Closed | -$12.1M | – |
|
14
CALL
JD.com
JD
$36.5B
| – | – |
-1,000,000
| Closed | -$32.6M | – |
|
|
15
CALL
lululemon athletica
LULU
$11.2B
| – | – |
-400,000
| Closed | -$95M | – |
|
|
16
Mercado Libre
MELI
$93B
| – | – |
-3,000
| Closed | -$7.84M | – |
|
17
CALL
Meta Platforms (Facebook)
META
$1.81T
| – | – |
-100,000
| Closed | -$73.8M | – |
|
|
18
CALL
Regeneron Pharmaceuticals
REGN
$81.4B
| – | – |
-200,000
| Closed | -$105M | – |
|
|
19
Regeneron Pharmaceuticals
REGN
$81.4B
| – | – |
-15,000
| Closed | -$7.88M | – |
|
|
20
CALL
UnitedHealth
UNH
$360B
| – | – |
-350,000
| Closed | -$109M | – |
|
|
21
UnitedHealth
UNH
$360B
| – | – |
-20,000
| Closed | -$6.24M | – |
|
22
CALL
VF Corp
VFC
$6.62B
| – | – |
-1,500,000
| Closed | -$17.6M | – |
|
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Michael Burry's Q3 2025 Portfolio in Review
As of Q3 2025, Michael Burry held 22 positions worth $1.38B, up 139% from $578M the previous quarter. Its ten largest holdings account for 100% of the portfolio.
Michael Burry's Q3 2025 filing shows 7 new, 1 increased and 14 closed positions. Its largest new stake was Molina Healthcare: 125,000 shares worth $23.9M. The largest sale was Estee Lauder, an estimated $12.1M.
By sector, the portfolio is most concentrated in Miscellaneous at 96% of assets, up from 90% a quarter earlier, followed by Healthcare and Consumer Discretionary.
- Michael Burry's largest Q3 2025 buy was Molina Healthcare: 125,000 shares worth $23.9M.
- Michael Burry added most to lululemon athletica in Q3 2025, an estimated $10M increase.
- Michael Burry fully exited Estee Lauder in Q3 2025, selling an estimated $12.1M.
- Michael Burry's ten largest holdings make up 100% of its $1.38B portfolio in Q3 2025.
- Michael Burry opened 7 new positions and closed 14 in Q3 2025.
- Michael Burry's portfolio value rose 139% quarter-over-quarter to $1.38B.
Based on Scion Asset Management's 13F filing for Q3 2025, filed 3 Nov 2025.