Scion Asset Management
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 14, 2025), Michael Burry's Scion Asset Management reported 6 stock positions worth $56.3 million. Its top holding was Estee Lauder Companies Class A (EL) at 21.5% of the portfolio, followed by Lululemon Athletica (LULU, 21.1%) and Bruker (BRKR, 18.3%). Compared with Q1 2025, it opened 5 new positions and reduced 1. The biggest buy was a new position in Lululemon Athletica (LULU) and the biggest sale Estee Lauder Companies Class A (EL, shares −25%).
- Most Recent 13F
- Q3 2025
- Notable People
- Michael Burry
- Location
- Saratoga, CA
- CIK
- 0001649339
- Portfolio Value
- $56.3M (Q2 2025)
- SEC Filing
- 0001879202-25-000038 ↗ filed Aug 14, 2025
Holdings Value
Holdings 6 stocks · $56.3M
| EL Estee Lauder Companies Class A filed as LAUDER ESTEE COS INC | 21.55% | 150,000 | $12.1M | Reduce -25.0% |
| LULU Lululemon Athletica Inc. | 21.12% | 50,000 | $11.9M | New |
| BRKR Bruker Corp. | 18.31% | 250,000 | $10.3M | New |
| REGN Regeneron Pharmaceuticals | 14.00% | 15,000 | $7.9M | New |
| MELI MercadoLibre Inc. | 13.94% | 3,000 | $7.8M | New |
| UNH Unitedhealth Group Inc. | 11.09% | 20,000 | $6.2M | New |
Options reported separately and not counted above: UNH calls ($109.2M), REGN calls ($105.0M), LULU calls ($95.0M), META calls ($73.8M), EL calls ($40.4M), JD calls ($32.6M), BABA calls ($28.4M), ASML calls ($20.0M), VFC calls ($17.6M).
Portfolio Sells Q1 2025 → Q2 2025
| EL Estee Lauder Companies Class A | Reduce -25.0% | 21.55% | −78.45 |
Portfolio Buys Q1 2025 → Q2 2025
Options Activity Q1 2025 → Q2 2025
| UNH Unitedhealth Group Inc. | call | New | 350,000 | $109.2M |
| REGN Regeneron Pharmaceuticals | call | New | 200,000 | $105.0M |
| NVDA Nvidia Corp. | put | Sold out | 900,000 | $97.5Mbefore exit |
| LULU Lululemon Athletica Inc. | call | New | 400,000 | $95.0M |
| META Meta Platforms Inc. Class A | call | New | 100,000 | $73.8M |
| EL Estee Lauder Companies Class A | call | New | 500,000 | $40.4M |
| JD Jd.com Inc.-ADR | call | New | 1,000,000 | $32.6M |
| BABA Alibaba Group Holding-SP ADR | call | New | 250,000 | $28.4M |
| BABA Alibaba Group Holding-SP ADR | put | Sold out | 200,000 | $26.4Mbefore exit |
| PDD PDD Holdings Inc. | put | Sold out | 200,000 | $23.7Mbefore exit |
| ASML ASML Holding NV-NY Reg SHS | call | New | 25,000 | $20.0M |
| VFC VF Corp. | call | New | 1,500,000 | $17.6M |
| JD Jd.com Inc.-ADR | put | Sold out | 400,000 | $16.4Mbefore exit |
| TCOM Trip.com Group Ltd.-ADR | put | Sold out | 200,000 | $12.7Mbefore exit |
| BIDU Baidu Inc. - Spon ADR | put | Sold out | 100,000 | $9.2Mbefore exit |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.