Michael Burry Portfolio: Scion Asset Management 13F Holdings
Managed by Michael Burry
Positions as of Q3 2025 (quarter ended Sep 30, 2025), filed with the SEC on Nov 3, 2025.
Michael Burry's fund, of The Big Short fame. Contrarian value-oriented positions with frequent use of put options.
13F holdings as of Sep 30, 2025 · a newer quarterly 13F filing is due
Source: Scion Asset Management Form 13F-HR for Q3 2025, filed Nov 3, 2025, on SEC EDGAR. See our Methodology.
What did Scion Asset Management buy and sell in Q3 2025?
Compared with its Q2 2025 filing, Scion Asset Management reported 3 new positions, added to 1, reduced 0 and sold out of 5. Changes are measured in shares, so a position can rise in value without being added to.
Added to
Top 1Top 10 holdings and concentration
Q3 2025The ten largest positions make up 100.0% of the $68.14M reported in long positions, led by MOH at 35.1%.
Sector allocation
Q3 2025Share of the $68.14M reported, by the sector of each stock. 19.3% is in ETFs, funds and securities without a sector on file.
| Sector | Weight | Positions |
|---|---|---|
| Healthcare | 35.1% | 1 |
| Consumer Discretionary | 26.1% | 1 |
| Financials | 19.5% | 1 |
Scion Asset Management 13F holdings, Q3 2025
All 4 positionsScion Asset Management portfolio by quarter
4 quarters on fileReported 13F value and position count for each quarter AlphaScala holds for Scion Asset Management. Value changes include price moves as well as buying and selling. Position changes are shown only where the quarter was compared with the filing before it.
| Quarter | Reported value | Change | Positions | New | Sold out |
|---|---|---|---|---|---|
| Q3 2025 | $68.14M | +21.1% | 4 | 3 | 5 |
| Q2 2025 | $56.25M | +326.2% | 6 | 5 | 0 |
| Q1 2025 | $13.20M | -83.0% | 1 | 0 | 12 |
| Q4 2024 | $77.44M | – | 13 | – | – |
Options (notional value)
4 lines · $1.31B13F filers report listed puts and calls at the value of the underlying shares. These lines are not long stock positions and are left out of the totals and weights above.
Funds with overlapping holdings
Overlap is the sum of the smaller portfolio weight for each stock both funds hold, across Scion Asset Management's 25 largest positions.
Related data
Data from SEC Form 13F-HR filings, which are due 45 days after quarter end and list long positions in US-listed equities as of that date. Short positions, cash, bonds, non-US holdings and intra-quarter trading are not shown. Listed options are shown separately at notional value. Changes compare the Q3 2025 filing with Q2 2025. Research only – not investment advice.