Scion Asset Management
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 3, 2025), Michael Burry's Scion Asset Management reported 3 stock positions worth $55.0 million. Its top holding was Molina Healthcare (MOH) at 43.5% of the portfolio, followed by Lululemon Athletica (LULU, 32.4%) and SLM (SLM, 24.2%). Compared with Q2 2025, it opened 2 new positions, sold out of 5 and added to 1. The biggest buy was a new position in Molina Healthcare (MOH) and the biggest sale an exit from Estee Lauder Companies Class A (EL).
- Most Recent 13F
- Q3 2025
- Notable People
- Michael Burry
- Location
- Saratoga, CA
- CIK
- 0001649339
- Portfolio Value
- $55.0M (Q3 2025)
- SEC Filing
- 0001649339-25-000007 ↗ filed Nov 3, 2025
Holdings Value
Holdings 3 stocks · $55.0M
| MOH Molina Healthcare Inc. | 43.49% | 125,000 | $23.9M | New |
| LULU Lululemon Athletica Inc. | 32.35% | 100,000 | $17.8M | Add +100.0% |
| SLM SLM Corp. | 24.16% | 480,054 | $13.3M | New |
Options reported separately and not counted above: PLTR puts ($912.1M), NVDA puts ($186.6M), PFE calls ($152.9M), HAL calls ($61.5M).
Other holdings (1): bonds, preferreds, convertibles and warrants · $13.1M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| BRUKER CORP (BRKR 6.375 09/01/28) | 6.375 PREF SER A | 48,334 | $13.1M | New |
Total filed on the 13F, all lines: $68.1M.
Portfolio Sells Q2 2025 → Q3 2025
Portfolio Buys Q2 2025 → Q3 2025
Options Activity Q2 2025 → Q3 2025
| PLTR Palantir Technologies Inc. Class A | put | New | 5,000,000 | $912.1M |
| NVDA Nvidia Corp. | put | New | 1,000,000 | $186.6M |
| PFE Pfizer Inc. | call | New | 6,000,000 | $152.9M |
| UNH Unitedhealth Group Inc. | call | Sold out | 350,000 | $109.2Mbefore exit |
| REGN Regeneron Pharmaceuticals | call | Sold out | 200,000 | $105.0Mbefore exit |
| LULU Lululemon Athletica Inc. | call | Sold out | 400,000 | $95.0Mbefore exit |
| META Meta Platforms Inc. Class A | call | Sold out | 100,000 | $73.8Mbefore exit |
| HAL Halliburton Co. | call | New | 2,500,000 | $61.5M |
| EL Estee Lauder Companies Class A | call | Sold out | 500,000 | $40.4Mbefore exit |
| JD Jd.com Inc.-ADR | call | Sold out | 1,000,000 | $32.6Mbefore exit |
| BABA Alibaba Group Holding-SP ADR | call | Sold out | 250,000 | $28.4Mbefore exit |
| ASML ASML Holding NV-NY Reg SHS | call | Sold out | 25,000 | $20.0Mbefore exit |
| VFC VF Corp. | call | Sold out | 1,500,000 | $17.6Mbefore exit |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q2 2025 → Q3 2025
| BRUKER CORP (BRKR 6.375 09/01/28) | 6.375 PREF SER A | New | 48,334 | $13.1M |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.