Michael Burry · quarter digest

What Michael Burry did in Q3 2025

Scion Asset Management filed 9 moves in Q3 2025: 4 new, 2 add, 1 trim, 2 exit.

13F filed 2025-11-14. Manager quality score: q7. Philosophy: Contrarian deep-value with macro overlay. Predicted 2008.

New positions · 4

Fresh money

NVDANVIDIA CORPORATION

NEW·13.5% book·+19

PFEPFIZER INC

NEW·11.1% book·−5

NEW·5.2% book·+12

“New Barrick Gold position — macro hedge.”

SLMSLM CORP

NEW·1.0% book·+1

Adds · 2

ADD +40%·21.3% book·+39

“Doubled the Alibaba bet.”

ADD +25%·17.6% book·+24

“Same China thesis, deeper discount.”

Trims · 1

TRIM -20%·14.8% book·−1

“Reduced Baidu to fund BABA add.”

Exits · 2

UNHUNITEDHEALTH GROUP INC

EXIT·0.0% book·+12

METAMETA PLATFORMS INC

EXIT·0.0% book·+5

Current top holdings

#	Ticker	Weight	Conviction
1	BABA Alibaba	21.3%	+39
2	JD JD.com	17.6%	+24
3	BIDU Baidu	14.8%	−1
4	SHEL Shell	9.2%	−2
5	ESTC Elastic NV	8.7%	0

Not investment advice. Data from 13F filings with HoldLens parsing. Methodology.