How We Invest

13F FILER • MICHAEL BURRY

Scion Asset Management

Michael Burry — Scion Asset Management, LLC

No writing by this manager has been read and indexed yet, so this page carries the filings only. Holdings come straight from the Form 13F-HR on EDGAR.

8

Positions

$1.4B

Reported Value

100%

In Top 10

—

Claims Indexed

Largest reported positions

SCION ASSET MANAGEMENT, LLC • CIK 0001649339 • 2025-09-30 • FILED 2025-11-03

WHAT CHANGED THIS QUARTER

In its Q3 2025 13F, filed Nov 3, 2025, Scion Asset Management reported 8 positions worth $68.1M in US-listed stock. The largest stock position is Molina Healthcare Inc at 1.7% of the reported book.

It opened 7 new positions, the largest stock positions being Molina Healthcare Inc ($23.9M), Slm Corp ($13.3M) and Bruker Corp ($13.1M), and exited 14, the largest stock exits being Lauder Estee Cos Inc ($12.1M last quarter), Bruker Corp ($10.3M last quarter) and Regeneron Pharmaceuticals ($7.9M last quarter).

Among positions it already held, the biggest increase by share count was Lululemon Athletica Inc (+100%).

Largest reported positions, quarter ended 2025-09-30
IssuerValueWeightShares QoQ
PALANTIR TECHNOLOGIES INC (Put)$912.1M66.0%New
NVIDIA CORPORATION (Put)$186.6M13.5%New
PFIZER INC (Call)$152.9M11.1%New
HALLIBURTON CO (Call)$61.5M4.5%New
MOLINA HEALTHCARE INC$23.9M1.7%New
LULULEMON ATHLETICA INC$17.8M1.3%+100%
SLM CORP$13.3M1.0%New
BRUKER CORP$13.1M0.9%New

8 of 8 positions. 95.1% of reported value is options, where the figure is the notional value of the underlying rather than money spent. A 13F covers long US-listed positions at a quarter end only — no shorts, leverage, cash, ordinary bonds or private holdings — and is 45 days old on publication.

NEW POSITIONS

  • Molina Healthcare Inc$23.9M · 1.7%
  • Slm Corp$13.3M · 1.0%
  • Bruker Corp$13.1M · 0.9%

EXITS

  • Lauder Estee Cos Inc$12.1M last quarter
  • Bruker Corp$10.3M last quarter
  • Regeneron Pharmaceuticals$7.9M last quarter
  • Mercadolibre Inc$7.8M last quarter
  • Unitedhealth Group Inc$6.2M last quarter

QUESTIONS PEOPLE ASK

What are Scion Asset Management's largest holdings?

OPEN
As of Sep 30, 2025, the three largest stock positions are Molina Healthcare Inc (1.7%), Lululemon Athletica Inc (1.3%) and Slm Corp (1.0%), together 4.0% of the reported book.

How big is Scion Asset Management's 13F portfolio?

OPEN
The Q3 2025 13F, filed Nov 3, 2025, reports 8 positions worth $1.4B. 95.1% of that value is options, reported at the notional value of the underlying rather than money spent.

What did Scion Asset Management buy and sell in Q3 2025?

OPEN
It opened 7 new positions, the largest stock positions being Molina Healthcare Inc ($23.9M), Slm Corp ($13.3M) and Bruker Corp ($13.1M), and exited 14, the largest stock exits being Lauder Estee Cos Inc ($12.1M last quarter), Bruker Corp ($10.3M last quarter) and Regeneron Pharmaceuticals ($7.9M last quarter). Among positions it already held, the biggest increase by share count was Lululemon Athletica Inc (+100%).

When is Scion Asset Management's next 13F due?

OPEN
The Q3 2026 13F is due Nov 16, 2026. Forty-five days after the quarter ends is November 14, 2026 (Saturday), so the deadline moves to the next business day.

Filers with overlapping books