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Investor profile

Michael Burry

Scion Asset Management · Founder · Net worth: ~$300M

The Big Short protagonist. Ex-physician turned hedge fund manager famous for shorting subprime in 2007.

"Contrarian deep-value with macro overlay. Predicted 2008."

Data verified 2025-11-03 · sourced from SEC EDGAR · view filing

Informational only — not investment advice. HoldLens tracks institutional positioning from public 13F filings. We are not a registered investment advisor and do not provide recommendations to buy or sell securities. Our 2026 backtest over 221 ticker-quarter pairs found the ConvictionScore has no predictive signal for forward returns (Pearson r = −0.12). The rankings describe what tracked superinvestors were accumulating or selling at the latest 13F snapshot — useful as market intelligence, not as personal investment advice. 13F data is reported with a 45-day SEC filing lag.

See the backtest →

Latest 13F: Q3 2025(200d ago)Next due: Q2 2026by 2026-08-14View on SEC EDGAR →● RSS — move alerts

Tracked positions

Top concentration

100%

Longest holding

Various deep-value bets

Michael's portfolio concentration: top-1, top-5, top-10

Highly concentrated

Top 1 · PLTR

66.0%

Top 5 combined

96.8%

Top 10 combined

100.1%

Tracked positions

PLTRTop-5 zoneTop-10

Michael's single largest bet is PLTR at 66.0% of tracked positions. Conviction-concentrated — the single largest position drives most of the book.

Realized 10-year track record

Scion Asset Management (highly volatile, estimates)

See leaderboard →

10y CAGR

11.2%

net of fees

Alpha vs S&P

-1.9%

vs 13.1% benchmark

Win rate

40%

years beating S&P

Quality score

4.6

computed 0–10

Best year

+55%

Worst year

-15%

Cumulative 10y

2.9×

Volatility

22%

Michael Burry's recent 13F moves: buys, adds, trims, and exits

Manager quality score: 4.6/10

Every tracked 13F move — buys, adds, trims, and exits — over the last two quarters.

Q4 2025

3 buys · 1 sell

Ticker	Activity	Share change	% portfolio
GOLD	Add 55% Adding to the Barrick Gold macro hedge.	+175K	7.20%
BABA	Add 30% Doubling down again on the Alibaba contrarian bet.	+60K	28.40%
JD	Add 18% More China tech.	+72K	19.70%
SHEL	Reduce 30% Taking Shell profits.	-25K	6.10%

Q3 2025

9 buys · 9 sells

Ticker	Activity	Share change	% portfolio
PLTR	Buy (new)	+5.00M	66.00%
NVDA	Buy (new)	+1.00M	13.50%
PFE	Buy (new)	+6.00M	11.10%
HAL	Buy (new)	+2.50M	4.50%
MOH	Buy (new)	+125K	1.70%
SLM	Buy (new)	+480K	1.00%
BABA	Add 40% Doubled the Alibaba bet.	+55K	21.30%
JD	Add 25% Same China thesis, deeper discount.	+80K	17.60%
GOLD	Buy (new) New Barrick Gold position — macro hedge.	+320K	5.20%
UNH	Sell (exit)	-370K	0.00%
REGN	Sell (exit)	-215K	0.00%
META	Sell (exit)	-100K	0.00%
EL	Sell (exit)	-650K	0.00%
ASML	Sell (exit)	-25K	0.00%
MELI	Sell (exit)	-3K	0.00%
BRKR	Reduce 81%	-202K	1.00%
LULU	Reduce 78%	-350K	1.30%
BIDU	Reduce 20% Reduced Baidu to fund BABA add.	-22K	14.80%

Q2 2025

10 buys · 3 sells

Ticker	Activity	Share change	% portfolio
EL	Add 225%	+450K	9.10%
UNH	Buy (new)	+370K	20.00%
REGN	Buy (new)	+215K	19.50%
LULU	Buy (new)	+450K	18.50%
META	Buy (new)	+100K	12.80%
ASML	Buy (new)	+25K	3.50%
BRKR	Buy (new)	+250K	1.80%
MELI	Buy (new)	+3K	1.40%
BABA	Add 35% First major BABA add — 3 Q consecutive.	+45K	15.20%
JD	Add 20% Building JD.com.	+60K	14.10%
NVDA	Sell (exit)	-900K	0.00%
PDD	Sell (exit)	-200K	0.00%
BAIDU	Sell (exit)	-100K	0.00%

Q1 2025

5 buys · 5 sells

Ticker	Activity	Share change	% portfolio
PDD	Add 167%	+125K	11.90%
NVDA	Buy (new)	+900K	49.00%
EL	Add 100%	+100K	6.60%
JD	Add 33%	+100K	8.30%
BABA	Buy (new) Burry re-entered BABA here.	+100K	11.20%
MOH	Sell (exit)	-25K	0.00%
HCA	Sell (exit)	-15K	0.00%
BRKR	Sell (exit)	-75K	0.00%
OSCR	Sell (exit)	-200K	0.00%
BAIDU	Reduce 20%	-25K	4.60%

Michael's sector breakdown

How the top 8 positions are diversified across 2 sectors. Weighted by stated portfolio percentage.

Technology

2 positions · PLTR, NVDA

79.4%

79.5% of AUM

Other

6 positions · PFE, HAL, MOH, LULU, BRKR, SLM

20.6%

20.6% of AUM

Position intelligence · 13F-derived

How Burry is sized + moving

Every position classified by both portfolio weight (size bucket) and recent move activity (trend bucket). A 22% Apple position building +5% this quarter signals different intent than a 1% starter trimmed in half. Descriptive analysis of 13F filings — not recommendation.

Core

≥10% positions

Significant

3–10%

Starter

1–3%

Small

<1%

Building

Steady

Trimming

New

Exit pending

Position	% portfolio	Size	Trend
PLTR PALANTIR TECHNOLOGIES INC	66.0%	core	★ new
NVDA NVIDIA CORPORATION	13.5%	core	★ new
PFE PFIZER INC	11.1%	core	★ new
HAL HALLIBURTON CO	4.5%	significant	★ new
MOH MOLINA HEALTHCARE INC	1.7%	starter	★ new
LULU LULULEMON ATHLETICA INC	1.3%	starter	↑ building
BRKR BRUKER CORP	1.0%	starter	↑ building
SLM SLM CORP	1.0%	starter	★ new

How to read: Size bucket from current 13F-filed portfolio weight. Trend bucket from the last 2 quarters of move activity (net delta >5% in either direction = building/trimming; new = first-appearance this quarter; exit pending = trimmed >50% last quarter). Data lag: SEC 13F filings are reported 45 days after quarter-end. This is descriptive intelligence — not investment advice.

Score explainability · 9-factor breakdown

What drives the ConvictionScore on Burry's top positions

The HoldLens ConvictionScore combines 9 factors. This table shows the per-position breakdown — exactly which factors contribute and by how much for each of Burry's top 8 holdings. Hover any header for factor definition. Empty cells (·) = neutral (no contribution).

Ticker	% port	Smart $	Insider	Track	Streak	Conc	Contra	Event	Dissent	Crowd
PLTR	66.0	+6	·	-2	+5	+10	·	·	+5	·
NVDA	13.5	+15	-4	·	+10	+10	·	·	+24	·
PFE	11.1	+14	·	-3	·	+6	·	·	+27	·
HAL	4.5	+3	·	-4	·	+2	·	·	·	·
MOH	1.7	+5	-4	-4	·	+7	·	·	+7	·
LULU	1.3	+7	·	-3	·	+9	·	·	+5	·
BRKR	1.0	+2	·	-4	·	+3	·	·	+2	·
SLM	1.0	+7	·	·	·	+4	·	·	+2	·

Factor definitions →

Smart $: Manager quality × consensus (0–30)
Insider: Form 4 net buy/sell (-15..+20)
Track: Buyer 10y CAGR × concentration (-10..+20)
Streak: Multi-quarter compounding (0–10)
Conc: Biggest position size as conviction (0–10)
Contra: Under-the-radar bonus (0–10)
Event: 8-K events last 90d (-15..+5)
Dissent: Sells subtract, weighted ×1.6 (0–60)
Crowd: Too many owners = priced in (0–10)

Factors are summed (positive add, penalties subtract), then clamped to the -100/+100 range. Each factor has a maximum contribution shown in parentheses next to its name. Read positive cells as bullish contributions, negative as bearish. See /learn/conviction-score-explained for the full methodology. ConvictionScore is descriptive synthesis of public filings — not investment advice.

Cross-portfolio overlap

Who else holds what Burry holds

Top 6 highest-conviction overlap pairs containing Michael Burry. Each page is the full intersection of two 13F-filed portfolios.

vs Joel Greenblatt
6 shared positions · 102% joint conviction
Top: PLTR, NVDA, PFE, HAL
vs Tom Slater
2 shared positions · 32% joint conviction
Top: NVDA, PFE
vs Chase Coleman
1 shared positions · 23% joint conviction
Top: NVDA
vs Polen Capital
1 shared positions · 19% joint conviction
Top: NVDA
vs David Tepper
1 shared positions · 18% joint conviction
Top: NVDA
vs Terry Smith
1 shared positions · 18% joint conviction
Top: PFE

See all 435 overlap pairs →

Michael Burry's top 8 disclosed holdings (Q3 2025)

Ticker	Company	% Portfolio	Shares (M)
PLTR	PALANTIR TECHNOLOGIES INC	66.0%	5
NVDA	NVIDIA CORPORATION	13.5%	1
PFE	PFIZER INC	11.1%	6
HAL	HALLIBURTON CO	4.5%	2.5
MOH	MOLINA HEALTHCARE INC	1.7%	0.13
LULU	LULULEMON ATHLETICA INC	1.3%	0.1
BRKR	BRUKER CORP	1.0%	0.05
SLM	SLM CORP	1.0%	0.48

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Dividend tax by country

Estimate your withholding on cross-border dividends

Your country of residenceCompany is domiciled inGross dividend (example)

Withholding rate

Domestic (no cross-border)

Tax withheld

$0.00

You'd receive

$1000.00

Of $1000 gross

Source & treaty reference

Treaty: Domestic — no cross-border withholding

Citation: IRC §§ 1441–1446 (withholding applies to foreign persons; US residents not subject to WHT on US-source dividends)

U.S. residents receiving U.S.-source dividends: no cross-border withholding; taxed on return at qualified (0/15/20%) or ordinary rates.

Estimates for educational purposes only. Tax rules change; consult a qualified tax professional for your specific situation. Dividend-tax treatment depends on holding period, account type (taxable vs. retirement), investor type (individual vs. pension vs. mutual fund), limitation-on-benefits tests, and other factors not modeled here.

Full dividend-tax rules for United States investors →

Want Michael move-alerts?

One email per 13F filing. Summarizes every new position, exit, and trim.

Investors with portfolios similar to Michael Burry

Tracked managers whose top positions overlap with Michael's portfolio.

Li Lu

Himalaya Capital

1 shared position: BABA

Mohnish Pabrai

Pabrai Investment Funds

1 shared position: BABA

David Tepper

Appaloosa Management

1 shared position: BABA

See all 29 investors ranked by portfolio similarity →

ETF replication

Which ETF replicates Michael's portfolio?

None of the 12 tracked ETFs has top-10 overlap with Michael's holdings — concentrated picks outside the most-AUM index ETFs. See full analysis →

Investing style

Michael is a contrarian investor

See 0 other contrarian managers tracked. Visible-from-orbit thesis bets. Comfortable with isolation. Patient.

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Per-quarter digests

What Michael Burry did, quarter by quarter

Full move-by-move breakdown for each of the last 8 filed quarters.

Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024

Historical trade analysis

The Big Short — Scion Capital's 2005-2008 subprime CDS trade

The trade that made Scion. Why Form 13F structurally couldn't show it, and what the public record tells us.

Read the deep-dive →

Frequently asked questions

Who is Michael Burry?

Michael Burry runs Scion Asset Management as founder. The Big Short protagonist. Ex-physician turned hedge fund manager famous for shorting subprime in 2007.

What fund does Michael Burry run?

Michael Burry is founder of Scion Asset Management. Scion Asset Management files SEC Form 13F-HR quarterly with the latest disclosure dated 2025-11-03 (Q3 2025). Full holdings, share counts, dollar values, and quarter-over-quarter changes are listed below.

What does Michael Burry invest in?

Michael Burry's Scion Asset Management portfolio is disclosed quarterly via SEC Form 13F-HR. Each position below shows the ticker, share count, dollar value, percentage of portfolio, and quarter-over-quarter change. Data is sourced directly from SEC filings (public-domain regulatory disclosure).

What is Michael Burry's investment philosophy?

Michael Burry's stated investment philosophy: "Contrarian deep-value with macro overlay. Predicted 2008.". Michael Burry has been founder of Scion Asset Management; estimated net worth ~$300M.

What is Michael Burry's net worth?

Michael Burry's estimated net worth is ~$300M. Michael Burry runs Scion Asset Management as founder; full 13F holdings disclosed quarterly with the SEC are listed below.

Data sourced from Scion Asset Management 13F filings with the SEC. Approximate snapshot. Not investment advice.

Sister property: SecFilingDex — the encyclopedic reference for Form 13F (HR / NT / HR/A variants) and the regulatory citation behind every position shown above.