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Michael Burry · quarter digest

What Michael Burry did in Q3 2025

Scion Asset Management filed 18 moves in Q3 2025: 7 new, 2 add, 3 trim, 6 exit.

13F filed 2025-11-14. Manager quality score: q7. Philosophy: Contrarian deep-value with macro overlay. Predicted 2008.

New positions · 7

Fresh money

PLTRPALANTIR TECHNOLOGIES INC
NEW·66.0% book·+16
NVDANVIDIA CORPORATION
NEW·13.5% book·+16
PFEPFIZER INC
NEW·11.1% book·−4
GOLD
NEW·5.2% book·+9

New Barrick Gold position — macro hedge.

HALHALLIBURTON CO
NEW·4.5% book·+1
MOHMOLINA HEALTHCARE INC
NEW·1.7% book·+3
SLMSLM CORP
NEW·1.0% book·+9
Adds · 2

Adding to conviction

ADD +40%·21.3% book·+33

Doubled the Alibaba bet.

ADD +25%·17.6% book·+13

Same China thesis, deeper discount.

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Trims · 3

Taking chips off

TRIM -20%·14.8% book·−1

Reduced Baidu to fund BABA add.

LULULULULEMON ATHLETICA INC
TRIM -78%·1.3% book·+4
BRKRBRUKER CORP
TRIM -81%·1.0% book·−1
Exits · 6

Closed positions

UNHUNITEDHEALTH GROUP INC
EXIT·0.0% book·−4
REGNREGENERON PHARMACEUTICALS
EXIT·0.0% book·+5
METAMETA PLATFORMS INC
EXIT·0.0% book·−4
ELLAUDER ESTEE COS INC
EXIT·0.0% book·−2
ASMLASML HOLDING N V
EXIT·0.0% book·−1
MELIMERCADOLIBRE INC
EXIT·0.0% book·+5
Current top holdings

Michael Burry’s book, latest snapshot

#TickerWeight
1BABA
Alibaba
21.3%
2JD
JD.com
17.6%
3BIDU
Baidu
14.8%
4SHEL
Shell
9.2%
5ESTC
Elastic NV
8.7%
Other quarters for Michael Burry

Not investment advice. Data from 13F filings with HoldLens parsing. Methodology.