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Michael Burry portfolio: holdings and latest trades

The stocks Scion Asset Management reported in its latest 13F filing, for Q3 2025: 4 positions worth about $100M, what was bought and sold in the quarter, and who Burry is.

Data updated November 3, 2025 (13F for Q3 2025)

This is the most recent 13F available for Scion Asset Management, for Q3 2025. No newer filing has been published since.

13F portfolio value
$100M
Positions
4
Top 10 holdings
100%
Change in value vs previous quarter
+0.0%

Michael Burry top holdings (Q3 2025)

#Stock% of portfolioValueLast quarter
1MOH Molina Healthcare Inc35.1%$24MNew
2LULU Lululemon Athletica Inc26.1%$18MAdded 100%
3SLM Slm Corp19.5%$13MNew
4BRKR Bruker Corp19.3%$13MNew

What Burry bought and sold in Q3 2025

Bought or added

  • MOH Molina Healthcare IncNew
  • SLM Slm CorpNew
  • BRKR Bruker CorpNew
  • LULU Lululemon Athletica IncAdded 100%

Sold or reduced

  • EL Estee Lauder Companies-Cl ASold out
  • BRKR Bruker CorpSold out
  • REGN Regeneron PharmaceuticalsSold out
  • MELI Mercadolibre IncSold out
  • UNH Unitedhealth Group IncSold out

Changes in number of shares against the 13F for the previous quarter (Q2 2025), largest first.

Who is Michael Burry

Role
Founder of Scion Asset Management
Fund
Scion Asset Management
Investment style
Deep value and contrarian bets, often concentrated and short-lived in the 13F.
Known for
The bet against subprime mortgages told in The Big Short

Michael Burry trained as a physician before turning to investing; his value-investing posts on early internet forums led to the launch of Scion Capital in 2000. Before the 2008 crisis he bet against subprime mortgage bonds with credit default swaps, a trade told in Michael Lewis’s book The Big Short (2010) and the 2015 film.

His later funds have reported small, frequently changing portfolios, and his 13F filings are followed closely for contrarian signals. Because 13F forms show only long US positions and some options, they give a partial view of his strategy.

  • •The bet against subprime mortgages told in The Big Short
  • •Short, concentrated and fast-changing 13F portfolios
  • •Contrarian positions, often in unloved sectors

How to read 13F data

A 13F filing lists the US-listed stocks, ETFs and some options a manager held at the end of a quarter. It is filed up to 45 days after the quarter ends, so positions may have changed since. It does not show short positions, bonds, cash, foreign-listed shares or private investments, so for many funds it is only part of the picture.

Questions

What stocks does Michael Burry own?

According to the 13F filing of Scion Asset Management for Q3 2025 (period ending September 30, 2025), the largest holdings were Molina Healthcare Inc (MOH) 35.1%, Lululemon Athletica Inc (LULU) 26.1%, Slm Corp (SLM) 19.5%, Bruker Corp (BRKR) 19.3%, out of 4 positions worth about $100M.

What did Burry buy and sell last quarter?

New or larger positions in Q3 2025: MOH, SLM, BRKR, LULU. Sold or reduced: EL, BRKR, REGN, MELI, UNH. Changes are measured in shares against the previous quarter’s filing.

How up to date is Scion Asset Management’s portfolio?

13F filings are due within 45 days after each quarter ends. This page shows the filing made on November 3, 2025 for the quarter ended September 30, 2025; the fund may have traded since.

What does a 13F filing leave out?

A 13F filing lists the US-listed stocks, ETFs and some options a manager held at the end of a quarter. It is filed up to 45 days after the quarter ends, so positions may have changed since. It does not show short positions, bonds, cash, foreign-listed shares or private investments, so for many funds it is only part of the picture.

Other famous investors

Source: SEC Form 13F-HR filings via EDGAR. Holdings are as reported by the manager for the quarter shown and may have changed since. Educational content, not investment advice: MEDGE Capital does not recommend buying or selling any security. Risk disclaimer.