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Scion Asset Management, LLC

Superinvestor · Michael Burry
Location
SARATOGA, CA
Portfolio Value
Mid $1,368,060,894
Diversification
Highly concentrated
Filing Date
Global Rank
#1,470 / 7,983 ▲ 815 · as of Sep 2025
Top Industry
Software - Infrastructure 66.7%
3Y Alpha vs SPY
+11.3%
Period ended 9 months ago
Filed Nov 3, 2025 · 8mo
23 quarters · since Mar 2020

Clone Performance

Jun 2023–Jun 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio
+131.0%
SPY
+76.8%
Annualised alpha
+11.3%
Max drawdown
−29.6%

Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.

Portfolio Concentration

7 positions · as of Sep 30, 2025 · Δ vs Jun 30, 2025
Top Position
66.7%
+46.7 pts
Top 5
97.7%
+17.9 pts
Top 10
100.0%
+1.4 pts
HHI
4,782
Dec 2022 → Sep 2025 · range 515 – 4,782
Highly concentrated+3,333

Portfolio Trend

23 quarters · across all stocks

Sector Breakdown

As of Sep 30, 2025
Sector % Portfolio Value
Technology 80.3% $1,098,680,000
Healthcare 12.9% $176,800,000
Energy 4.5% $61,500,000
Consumer Cyclical 1.3% $17,793,000
Financial Services 1.0% $13,287,894

Last Quarter's Activity

Export CSV
Sep 30, 2025 vs Jun 30, 2025

Added To

Positions the filer increased
No qualifying positions this quarter.

Trimmed

Positions the filer reduced
1 positions
Ticker Δ Shares Shares Value Open

New Positions

Positions the filer opened this quarter
6 positions
Ticker Shares Value Open

Sold Out

Positions the filer fully exited
10 positions
Ticker Shares Value Open

Portfolio Positions

Export CSV View 13F filing
7 positions · $1,368,060,894 total · as of Sep 30, 2025
Ticker Company Shares Value (USD) % of Portfolio History