Michael Burry Portfolio

Portfolio value: $13,200,000

Total number of stocks: 1

Total number of puts: 6

Michael Burry portfolio – stocks of public companies which he currently owns via his hedge fund Scion Asset Management. Michael Burry is a former physician who became a prominent value investor. Since 1996 he was widely followed by fellow investors who liked his stock recommendations which he posted on message boards. He was so successful that prominent investors noticed him and helped him to open his own fund.

During global financial crisis Michael Burry became famous. Investors in his fund Scion Capital made more than $700 million. Burry personally made $100 million profit betting against mortgage-based securities. His story was told in marvelous book by Michael Lewis “The Big Short” and famous movie.

Scion Capital returned 489.34% (net of fees and expenses) between November 1, 2000 and June 2008 compared to 3% total return from S&P 500 during the same time frame. Eventually Burry closed his fund and retired.

Five years later in 2013 Michael Burry reopened his fund with slightly changed name Scion Asset Management. Burry’s investment style is best described by a classic value investing. However, he is not afraid to short stocks (or buy puts which is equivalent economic activity) which are overvalued in his opinion.

Every quarter money managers are required to file 13F form to SEC. Michael Burry via Scion Asset Management is also required to file 13F form. Michael Burry’s current portfolio based on latest filings can be seen below.

Michael Burry Portfolio as of 31 March, 2025 (reported to SEC on 15 May, 2025)

Company	Ticker	Market value as of 31 March, 2025	Number of shares
Estee Lauder Cos.	EL	7,498,000	200,000
Total market value ($)		13,200,000

PUTS

ALIBABA GROUP – 200,000 (market value $26,446,000)

BAIDU INC – 100,000 (market value $9,203,000)

JD.COM – 400,000 (market value $16,448,000)

NVIDIA CORPORATION – 900,000 (market value $97,542,000)

PDD HOLDINGS INC – 200,000 (market value $23,670,000)

TRIP COM GROUP LTD – 200,000 (market value $12,716,000)

Source: SEC report