Michael Burry · quarter digest

What Michael Burry did in Q4 2025

Scion Asset Management filed 4 moves in Q4 2025: 0 new, 3 add, 1 trim, 0 exit.

13F filed 2026-02-14. Manager quality score: q7. Philosophy: Contrarian deep-value with macro overlay. Predicted 2008.

Adds · 3

Adding to conviction

ADD +30%·28.4% book·+39

“Doubling down again on the Alibaba contrarian bet.”

ADD +18%·19.7% book·+24

“More China tech.”

ADD +55%·7.2% book·+12

“Adding to the Barrick Gold macro hedge.”

Trims · 1

TRIM -30%·6.1% book·−2

“Taking Shell profits.”

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.