Michael Burry
Michael Burry runs Scion Asset Mgmt, a hedge fund overseeing $68.1M in disclosed equity holdings (SEC CIK 0001649339). The latest portfolio (2025Q3) discloses 4 positions across 3 sectors, with the largest positions in MOH, LULU and SLM. On a mark-to-market basis the tracked portfolio has returned 221.1% since 2015Q4. OpenStocks tracks 32 consecutive quarterly snapshots for this manager — every position change, new entry, and exit is logged below.
What Michael is holding in options
Michael Burry (Scion Asset Mgmt) disclosed 2 option positions for the 2023Q3 quarter — 0 long-calls and 2 long-puts — totaling $55.1M of underlying-share notional value. The largest exposures are a put on SOXX, a put on BKNG. Notional values reflect the value of the underlying shares at the quarter-end snapshot, not the option premium paid.
Options & derivatives
2 positions · $55.1M notional2 PUT · $55.1M| Type | Underlying | Shares | Notional | % of book |
|---|---|---|---|---|
| PUT | SOXXISHARES TR | 100K | $47.4M | 47.9% |
| PUT | BKNGBOOKING HOLDINGS INC | 2.5K | $7.7M | 7.8% |
Notional = value of the underlying shares at the quarter-end snapshot, not the option premium paid. A long PUT is a bearish bet on the underlying; a long CALL is a bullish bet. The reported value is included in the portfolio total but does not reflect actual capital at risk.