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 3 option positions for the 2024Q3 quarter — 0 long-calls and 3 long-puts — totaling $46.7M of underlying-share notional value. The largest exposures are a put on JD, a put on BABA, a put on BIDU. Notional values reflect the value of the underlying shares at the quarter-end snapshot, not the option premium paid.
Options & derivatives
3 positions · $46.7M notional3 PUT · $46.7M| Type | Underlying | Shares | Notional | % of book |
|---|---|---|---|---|
| PUT | JDJD.COM INC | 500K | $20.0M | 15.4% |
| PUT | BABAALIBABA GROUP HLDG LTD | 169K | $17.9M | 13.8% |
| PUT | BIDUBAIDU INC | 83K | $8.8M | 6.8% |
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.