Michael Burry's Portfolio
Michael Burry's Scion Asset Management, known for his bet against the US housing market before 2008. Its 13F filings show a small, frequently changing contrarian portfolio, including options.
Scion Asset Management reported 4 stocks worth $68.1M in its 13F filing for Q3 2025, filed Nov 3, 2025. Its largest holdings are MOH (35.1%), LULU (26.1%) and SLM (19.5%). Compared with Q2 2025, the fund opened new positions in MOH and SLM, added to LULU and sold out of EL, BRKR and REGN.
Portfolio at a glance
share of reported value · Q3 2025What Michael Burry did in Q3 2025
vs Q2 2025
Holdings
| # | Stock | Value | Weight | Shares | Change | Shares, 5 qtrs | Held |
|---|---|---|---|---|---|---|---|
| 1 |  MOH Molina Healthcare Inc | $23.9M | 35.1% | 125K | New position | 3 of 5 | |
| 2 |  LULU Lululemon Athletica Inc | $17.8M | 26.1% | 100K | +50K (+100%) | 2 of 5 | |
| 3 |  SLM Slm Corp | $13.3M | 19.5% | 480K | New position | 1 of 5 | |
| 4 | BRUKER CORP | $13.1M | 19.3% | 48K | New position | 1 of 5 |
Positions at Sep 30, 2025, as reported. Change is against the fund's Q2 2025 filing; weight is the share of the fund's reported stocks.
Sold out
held in Q2 2025, gone in Q3 2025Options
valued at the underlying shares
Reported value
last 5 quartersThe value of the US stocks the fund reported, at quarter end prices. It moves with the market as well as with buying and selling.
Filings for Q3 2025
straight from the SEC| Filed | Form | Quarter | |
|---|---|---|---|
| Nov 3, 2025 | 13F-HR | Q3 2025 | SEC filing ↗ |
Other superinvestors
All hedge fund holdings →Scion Asset Management 13F FAQ
What does Scion Asset Management own?
Scion Asset Management reported 4 stocks worth $68.1M in its 13F filing for Q3 2025, filed Nov 3, 2025. Its largest holdings are MOH (35.1%), LULU (26.1%) and SLM (19.5%). The table above lists every position in the filing (the top 10 without an account).
What did Scion Asset Management buy and sell in Q3 2025?
Compared with Q2 2025: 3 new positions, 1 added to, 0 trimmed and 5 sold out. New positions include MOH and SLM. It sold all of EL, BRKR and REGN.
When will Scion Asset Management file its next 13F?
Holdings as of Dec 31, 2025 are due by Feb 16, 2026. The filing appears on this page within minutes of reaching the SEC.
How much is Scion Asset Management's portfolio worth?
The Q3 2025 filing reports $68.1M in US stocks ($1.4B including options). That leaves out cash, bonds, short positions and most foreign holdings, so the fund's total assets are usually larger.
For informational and educational purposes only. Not investment advice, and not a recommendation to buy or sell any security. Holdings come from the fund's SEC Form 13F filings as reported and show positions at the end of the quarter, up to 45 days before the filing. The fund may have changed its positions since. A 13F leaves out short positions, cash, bonds and most foreign holdings. See all hedge fund holdings.