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 |
lululemon athletica
LULU
|
+$13.8M |
| 2 |
Bruker
BRKR
|
+$9.7M |
| 3 |
Regeneron Pharmaceuticals
REGN
|
+$8.37M |
| 4 |
UnitedHealth
UNH
|
+$7.64M |
| 5 |
Mercado Libre
MELI
|
+$7.01M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Estee Lauder
EL
|
+$3.22M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 90.27% |
| 2 | Healthcare | 4.22% |
| 3 | Consumer Discretionary | 3.41% |
| 4 | Consumer Staples | 2.1% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
1
CALL
UnitedHealth
UNH
$355B
| $109M | 18.88% |
+350,000
| New | +$134M |
2025 Q2
0 quarters
|
|
|
2
CALL
Regeneron Pharmaceuticals
REGN
$95.2B
| $105M | 18.16% |
+200,000
| New | +$112M |
2025 Q2
0 quarters
|
|
|
3
CALL
lululemon athletica
LULU
$13B
| $95M | 16.43% |
+400,000
| New | +$110M |
2025 Q2
0 quarters
|
|
4
CALL
Meta Platforms (Facebook)
META
$1.64T
| $73.8M | 12.76% |
+100,000
| New | +$61.8M |
2025 Q2
0 quarters
|
|
|
5
CALL
Estee Lauder
EL
$41.3B
| $40.4M | 6.99% |
+500,000
| New | +$32.2M |
2025 Q2
0 quarters
|
|
6
CALL
JD.com
JD
$38.1B
| $32.6M | 5.64% |
+1,000,000
| New | +$34.1M |
2025 Q2
0 quarters
|
|
7
CALL
Alibaba
BABA
$262B
| $28.4M | 4.9% |
+250,000
| New | +$29.6M |
2025 Q2
0 quarters
|
|
8
CALL
ASML
ASML
$585B
| $20M | 3.46% |
+25,000
| New | +$17.9M |
2025 Q2
0 quarters
|
|
9
CALL
VF Corp
VFC
$8.2B
| $17.6M | 3.05% |
+1,500,000
| New | +$18.6M |
2025 Q2
0 quarters
|
|
|
10
Estee Lauder
EL
$41.3B
| $12.1M | 2.1% |
150,000
-50,000
| -25% | -$3.22M |
2024 Q4
2 quarters
|
|
|
11
lululemon athletica
LULU
$13B
| $11.9M | 2.05% |
+50,000
| New | +$13.8M |
2025 Q2
0 quarters
|
|
|
12
Bruker
BRKR
$10.1B
| $10.3M | 1.78% |
+250,000
| New | +$9.7M |
2025 Q2
0 quarters
|
|
|
13
Regeneron Pharmaceuticals
REGN
$95.2B
| $7.88M | 1.36% |
+15,000
| New | +$8.37M |
2025 Q2
0 quarters
|
|
|
14
Mercado Libre
MELI
$78.2B
| $7.84M | 1.36% |
+3,000
| New | +$7.01M |
2025 Q2
0 quarters
|
|
|
15
UnitedHealth
UNH
$355B
| $6.24M | 1.08% |
+20,000
| New | +$7.64M |
2025 Q2
0 quarters
|
|
|
16
PUT
Alibaba
BABA
$262B
| – | – |
-200,000
| Closed | -$26.4M | – |
|
17
PUT
Baidu
BIDU
$27.4B
| – | – |
-100,000
| Closed | -$9.2M | – |
|
|
18
PUT
JD.com
JD
$38.1B
| – | – |
-400,000
| Closed | -$16.4M | – |
|
19
PUT
NVIDIA
NVDA
$4.29T
| – | – |
-900,000
| Closed | -$97.5M | – |
|
20
PUT
Pinduoduo
PDD
$114B
| – | – |
-200,000
| Closed | -$23.7M | – |
|
21
PUT
Trip.com Group
TCOM
$27.6B
| – | – |
-200,000
| Closed | -$12.7M | – |
|
Similar funds
Michael Burry's Q2 2025 Portfolio in Review
As of Q2 2025, Michael Burry held 21 positions worth $578M, up 190% from $199M the previous quarter. Its ten largest holdings account for 92% of the portfolio.
Michael Burry deployed $43.2M of net new capital in Q2 2025, opening 14 new positions. Its largest new stake was lululemon athletica: 50,000 shares worth $11.9M.
By sector, the portfolio is most concentrated in Miscellaneous at 90% of assets, down from 93% a quarter earlier, followed by Healthcare and Consumer Discretionary.
On the sell side, the largest reduction was Estee Lauder, an estimated $3.22M trimmed.
- Michael Burry's largest Q2 2025 buy was lululemon athletica: 50,000 shares worth $11.9M.
- Michael Burry's biggest Q2 2025 reduction was Estee Lauder, cutting an estimated $3.22M.
- Michael Burry's ten largest holdings make up 92% of its $578M portfolio in Q2 2025.
- Michael Burry opened 14 new positions and closed 6 in Q2 2025.
- Michael Burry's portfolio value rose 190% quarter-over-quarter to $578M.
Based on Scion Asset Management's 13F filing for Q2 2025, filed 14 Aug 2025.