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 9 option positions for the 2025Q2 quarter — 9 long-calls and 0 long-puts — totaling $522.1M of underlying-share notional value. The largest exposures are a call on UNH, a call on REGN, a call on LULU. Notional values reflect the value of the underlying shares at the quarter-end snapshot, not the option premium paid.
Options & derivatives
9 positions · $522.1M notional9 CALL · $522.1M| Type | Underlying | Shares | Notional | % of book |
|---|---|---|---|---|
| CALL | UNHUNITEDHEALTH GROUP INC | 350K | $109.2M | 18.9% |
| CALL | REGNREGENERON PHARMACEUTICALS | 200K | $105.0M | 18.2% |
| CALL | LULULULULEMON ATHLETICA INC | 400K | $95.0M | 16.4% |
| CALL | METAMETA PLATFORMS INC | 100K | $73.8M | 12.8% |
| CALL | ELLAUDER ESTEE COS INC | 500K | $40.4M | 7.0% |
| CALL | JDJD.COM INC | 1.0M | $32.6M | 5.6% |
| CALL | BABAALIBABA GROUP HLDG LTD | 250K | $28.4M | 4.9% |
| CALL | ASMLASML HOLDING N V | 25K | $20.0M | 3.5% |
| CALL | VFCV F CORP | 1.5M | $17.6M | 3.0% |
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.