Michael Burry (Scion Asset Mgmt) disclosed 6 option positions for the 2025Q1 quarter — 0 long-calls and 6 long-puts — totaling $186.0M of underlying-share notional value. The largest exposures are a put on NVDA, a put on BABA, a put on PDD. Notional values reflect the value of the underlying shares at the quarter-end snapshot, not the option premium paid.
| Type | Underlying | Shares | Notional | % of book |
|---|---|---|---|---|
| PUT | NVDANVIDIA CORPORATION | 900K | $97.5M | 49.0% |
| PUT | BABAALIBABA GROUP HLDG LTD | 200K | $26.4M | 13.3% |
| PUT | PDDPINDUODUO INC | 200K | $23.7M | 11.9% |
| PUT | JDJD.COM INC | 400K | $16.4M | 8.3% |
| PUT | TCOMTRIP COM GROUP LTD | 200K | $12.7M | 6.4% |
| PUT | BIDUBAIDU INC | 100K | $9.2M | 4.6% |
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.
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 declined 2.5% over the past year. OpenStocks tracks 32 consecutive quarterly snapshots for this manager — every position change, new entry, and exit is logged below.