Michael Burry

Scion Asset Management·contrarian·Concentrated / activist

Accredited only

n/a since 2013

Latest 13F on file is Sep 2025 — Michael Burry hasn't filed a more recent one (current quarter: Mar 2026). Managers who fall below the $100M threshold or deregister stop filing.

96% of this fund's disclosed 13F value is options — mostly put options, i.e. bearish or hedge positions, not share ownership. Despite the headline value, Michael Burry is largely betting against these names, not owning them. Positions tagged PUT / CALL below. Only long-stock positions count toward "who owns" on stock pages.

Portfolio value

$1.4B

Positions

Top 5 concentration

98%

New buys this quarter

Quarterly activity

What Michael Burry bought and sold each quarter.

Sep 2025vs Jun 2025

Bought (6)

$PLTRputNew buy66.7%$NVDAputNew buy13.6%$PFEcallNew buy11.2%$HALcallNew buy4.5%$MOHNew buy1.7%$SLMNew buy1%

Sold (11)

$MELISold out$BABAcallSold out$VFCcallSold out$REGNcallSold out$METAcallSold out$ASMLcallSold out$JDcallSold out$ELcallSold out$UNHcallSold out$BRKRSold out$LULUTrimmed-77.8%

Jun 2025vs Mar 2025

Bought (11)

$UNHcallNew buy20%$REGNcallNew buy19.5%$LULUcallNew buy18.5%$METAcallNew buy12.8%$ASMLcallNew buy3.5%$VFCcallNew buy3%$BRKRNew buy1.8%$MELINew buy1.4%$ELcallAdded+225%$JDcallAdded+150%$BABAcallAdded+25%

Sold (4)

$TCOMputSold out$PDDputSold out$NVDAputSold out$BIDUputSold out

Mar 2025vs Dec 2024

Bought (6)

$NVDAputNew buy49%$TCOMputNew buy6.4%$BABAputAdded+33.3%$PDDputAdded+166.7%$JDputAdded+33.3%$ELAdded+100%

Sold (9)

$GOOSSold out$BRKRSold out$OSCRSold out$VFCSold out$HCASold out$MOHSold out$MAGNSold out$ACICSold out$BIDUputTrimmed-20%

Dec 2024vs Sep 2024

Bought (9)

$ELNew buy9.7%$PDDADRNew buy9.4%$HCANew buy5.8%$BRKRNew buy5.7%$VFCNew buy5.5%$MAGNNew buy4.7%$OSCRNew buy3.5%$GOOSNew buy0.3%$ACICAdded+46.1%

Sold (7)

$OLPXSold out$FOURSold out$REALSold out$JDADRTrimmed-70%$BABAADRTrimmed-59.3%$BIDUADRTrimmed-40%$MOHTrimmed-16.7%

Sep 2024vs Jun 2024

Bought (5)

$JDputAdded+300%$BABAADRAdded+138%$BIDUADRAdded+177.7%$FOURAdded+50%$MOHAdded+22.3%

Sold (4)

$HPPSold out$BCABSold out$ACICTrimmed-60.3%$REALTrimmed-50%

Jun 2024vs Mar 2024

Bought (7)

$FOURNew buy14%$MOHNew buy13.9%$HPPNew buy10.5%$OLPXNew buy2.9%$BCABNew buy1.7%$BABAADRAdded+24%$BIDUADRAdded+87.5%

Sold (13)

$PHYSUnitSold out$CSold out$FSLRSold out$SQSold out$VTLESold out$BPADRSold out$HCASold out$SBSold out$SBLKSold out$CISold out$AAPSold out$JDADRTrimmed-30.6%$REALTrimmed-29.2%

Mar 2024vs Dec 2023

Bought (6)

$PHYSUnitNew buy7.4%$CINew buy7%$BPADRNew buy6.4%$FSLRNew buy4.9%$BIDUADRNew buy4.1%$REALAdded+7.9%

Sold (24)

$BIGSold out$CVSSold out$MGMSold out$MTDSold out$TOSTSold out$WBDSold out$NXSTSold out$ORCLSold out$QVCGASold out$GENKSold out$GOOGLSold out$BRKRSold out$AMZNSold out$BKNGSold out$SBLKTrimmed-43.2%$ACICTrimmed-40.1%$AAPTrimmed-39.3%$CTrimmed-37.5%$HCATrimmed-37.5%$VTLETrimmed-28.6%$SBTrimmed-20%$BABAADRTrimmed-16.7%$SQTrimmed-10%$JDADRTrimmed-10%

Dec 2023vs Sep 2023

Bought (24)

$HCANew buy5.7%$ORCLNew buy5.6%$CVSNew buy5.4%$CNew buy5.4%$GOOGLNew buy5.2%$AMZNNew buy4.8%$MGMNew buy4.7%$WBDNew buy4.5%$AAPNew buy4.5%$VTLENew buy4.2%$SQNew buy4.1%$TOSTNew buy3.9%$BRKRNew buy3.9%$MTDNew buy2.6%$ACICNew buy2.1%$BIGNew buy1.9%$GENKNew buy1.3%$QVCGANew buy0.6%$BABAADRAdded+200%$JDADRAdded+220%$NXSTAdded+33.6%$SBLKAdded+76.2%$REALAdded+74.6%$SBAdded+66.7%

Sold (6)

$SOXXputSold out$CRGYSold out$STLASold out$HPPSold out$EURNSold out$BKNGTrimmed-37.5%

Quarter-over-quarter change in disclosed positions.

Holdings

Stock	Move	% of portfolio	Reported px	Now	Since report
$PLTRPut option PALANTIR TECHNOLOGIES INC	New buy	66.7%	$182.42	$129.04	-29.3%
$NVDAPut option NVIDIA CORPORATION	New buy	13.6%	$186.58	$202.78	+8.7%
$PFECall option PFIZER INC	New buy	11.2%	$25.48	$24.25	-4.8%
$HALCall option HALLIBURTON CO	New buy	4.5%	$24.60	$34.12	+38.7%
$MOH MOLINA HEALTHCARE INC	New buy	1.7%	$191.36	$232.09	+21.3%
$LULU LULULEMON ATHLETICA INC	Trimmed	1.3%	$177.93	$116.51	-34.5%
$SLM SLM CORP	New buy	1%	$27.68	$24.73	-10.7%

Notable sell-outs this quarter: $MELI, $BABA, $VFC, $REGN, $META, $ASML, $JD, $EL, $UNH, $BRKR

Source: SEC 13F via FMP · Sep 2025 report · 45-day filing delay. Long equity positions only. Not financial advice.