Michael Burry portfolio against fair value
Known from "The Big Short". Scion has not filed a 13F since the report for the third quarter of 2025. Holdings from Scion Asset Management's 13F filing for Q3 2025, filed Nov 3, 2025. Fair value and quality as of Nov 8, 2026.
This is the latest filing available at the SEC and it is more than a quarter old. The portfolio may look very different today.
Of the 3 stocks we value in Scion Asset Management' 13F filing for Q3 2025, 3 trade below our fair value (as of Nov 8, 2026).
Adds the largest valued positions, as many as fit on your watchlist: 5 without an account, 10 with a free account, all with Pro.
All Scion Asset Management stocks with fair value
more than 10% below fair value (cheap)near fair value (±10%)more than 10% above fair value (expensive)
| Holding | Weight | vs prior qtr | vs fair value | Quality |
|---|---|---|---|---|
| Molina Healthcare Inc MOHnew | 1.7 % | new | 9.7 % below FV | 51 |
| Lululemon Athletica Inc. LULUsplit | 1.3 % | split | 64.0 % below FV | 68 |
| SLM Corp SLMnew | 1.0 % | new | 54.6 % below FV | 68 |
| Bruker Corpnew | 1.0 % | new | not covered | n/a |
"Weight" is the share of the total reported value. "Vs prior qtr" compares the share count with the previous filing. "Not covered" means we could not match this position to one of our stocks with two independent sources, so we show no value.
Bought and sold in Q3 2025
New positions:
- Molina Healthcare Inc (1.7 %), 9.7 % below FV
- SLM Corp (1.0 %), 54.6 % below FV
- Bruker Corp (1.0 %)
Sold out:
- Lauder Estee Cos Inc
- Bruker Corp
- Regeneron Pharmaceuticals
- Mercadolibre Inc
- Unitedhealth Group Inc
Options and bonds in the filing
These lines are not stock positions, so we do not value them. For options the filing reports the value of the underlying shares, not the price of the option.
| Security | Type | Weight |
|---|---|---|
| Palantir Technologies Inc | Put | 66.0 % |
| Nvidia Corporation | Put | 13.5 % |
| Pfizer Inc | Call | 11.1 % |
| Halliburton Co | Call | 4.5 % |
Frequently asked questions
What stocks does Michael Burry own?
According to Scion Asset Management' 13F filing for Q3 2025 (filed Nov 3, 2025), the five largest positions are Molina Healthcare Inc (1.7 %), Lululemon Athletica Inc. (1.3 %), SLM Corp (1.0 %), Bruker Corp (1.0 %). In total the filing lists 4 stocks worth $1.4 bn.
Which Michael Burry stocks trade below fair value?
3 of the 3 stocks we value. The largest of them: Molina Healthcare Inc: 10% below fair value; Lululemon Athletica Inc.: 64% below fair value; SLM Corp: 55% below fair value. As of Nov 8, 2026, not financial advice.
How current is this list?
Large US investment managers report their US stock holdings to the SEC once a quarter (Form 13F), at the latest 45 days after quarter end. This list shows Q3 2025, filed Nov 3, 2025. Scion Asset Management may have bought or sold since. We recalculate our fair value daily, last on Nov 8, 2026.
Source of the holdings: 13F filing with the SEC (Scion Asset Management, CIK 1649339). A 13F covers only US-listed stocks, options and certain bonds, no short positions and no foreign shares. Fair value and quality are our valuation and do not account for your personal situation.