Michael Burry's portfolio (Scion Asset Management)
Scion Asset Management is the firm of Michael Burry, who became widely known for betting against US subprime mortgages before the 2008 financial crisis, a trade portrayed in The Big Short.
Michael Burry's holdings — Q3 2025
sorted by share of reported value · click a column to sort| Stock | % of portfolio | Value | Shares | Change in shares | Q3 2025 |
|---|---|---|---|---|---|
| 66.04% | $912.10M | 5.00M | +5.00M | New | |
NVDANvidiaPut
|
13.51% | $186.58M | 1.00M | +1.00M | New |
PFEPfizerCall
|
11.07% | $152.88M | 6.00M | +6.00M | New |
HALHalliburtonCall
|
4.45% | $61.50M | 2.50M | +2.50M | New |
| 1.73% | $23.92M | 125.00K | +125.00K | New | |
| 1.29% | $17.79M | 100.00K | +50.00K (+100.0%) | Added | |
| 0.96% | $13.29M | 480.05K | +480.05K | New | |
BRUKER CORP6.375 PREF SER A
|
0.95% | $13.14M | 48.33K | +48.33K | New |
Put and call options are listed by the manager at the market value of the underlying shares, not the price paid for the options, and a put is a bet on a falling price.
What Michael Burry bought and sold in Q3 2025
by number of shares, vs. the 13F for Q2 2025New positions (7)
| Stock | Shares | Value | % of portfolio |
|---|---|---|---|
| 5.00M | $912.10M | 66.04% | |
NVDANvidiaPut
| 1.00M | $186.58M | 13.51% |
PFEPfizerCall
| 6.00M | $152.88M | 11.07% |
HALHalliburtonCall
| 2.50M | $61.50M | 4.45% |
| 125.00K | $23.92M | 1.73% | |
| 480.05K | $13.29M | 0.96% | |
BRUKER CORP6.375 PREF SER A
| 48.33K | $13.14M | 0.95% |
Sold out (14)
| Stock | Shares sold | Value in Q2 2025 | Was % of portfolio |
|---|---|---|---|
UNHUnitedHealthCall
| −350.00K | $109.19M | 18.88% |
| −200.00K | $105.00M | 18.16% | |
| −400.00K | $95.03M | 16.43% | |
| −100.00K | $73.81M | 12.76% | |
| −500.00K | $40.40M | 6.99% | |
JDJD.com, Inc.Call
| −1.00M | $32.64M | 5.64% |
BABAAlibaba Group Holding LtdCall
| −250.00K | $28.35M | 4.90% |
| −25.00K | $20.03M | 3.46% | |
VFCVFCall
| −1.50M | $17.62M | 3.05% |
| −150.00K | $12.12M | 2.10% | |
| −250.00K | $10.30M | 1.78% | |
| −15.00K | $7.88M | 1.36% | |
| −3.00K | $7.84M | 1.36% | |
| −20.00K | $6.24M | 1.08% |
Added to (1)
| Stock | Shares added | Change | % of portfolio |
|---|---|---|---|
| +50.00K | +100.0% | 1.29% |
Reduced (0)
| Stock | Shares sold | Change | % of portfolio |
|---|---|---|---|
| No positions were trimmed. | |||
Changes compare share counts in the two filings, so they show net buying or selling over the quarter, not individual trades or prices paid.
Filings behind this page
EDGAR ↗- 13F-HR Q3 2025 · filed Nov 03, 2025 by Scion Asset Management, LLC0001649339-25-000007 ↗
- 13F-HR Q2 2025 · filed Aug 14, 2025 by Scion Asset Management, LLC0001879202-25-000038 ↗
Frequently asked questions
What is Michael Burry's largest holding?
As of September 30, 2025, the largest position in Scion Asset Management's 13F is Palantir Technologies (PLTR) put options, at 66.0% of the reported portfolio and worth $912.10M. The top 10 positions add up to 100.0% of the $1.38B reported.
What did Michael Burry buy and sell in Q3 2025?
Compared with Q2 2025, the Q3 2025 13F shows 7 new positions (largest: Palantir Technologies, Nvidia, Pfizer), 1 position increased, 0 reduced and 14 sold out (largest: UnitedHealth, Regeneron Pharmaceuticals, Lululemon Athletica). Changes are measured in shares between the two quarter-end reports.
How current is this portfolio?
Scion Asset Management's latest 13F was filed on November 03, 2025 and shows holdings as of September 30, 2025. Managers have 45 days after each quarter ends to file, and the next report is due about 45 days after the following quarter end, so positions can be several months old by the time you read them.
Does the 13F show everything Michael Burry owns?
No. Form 13F covers long positions in US-listed stocks, ETFs and listed options. Short positions, cash, bonds, private investments and most shares listed only outside the US are not reported, so the 13F is a partial view of the portfolio.
Source: SEC Form 13F filings (Scion Asset Management, LLC, CIK 1649339), as reported by the manager; tickers matched to issuer names by Flash Finance US. Not investment advice.