Follow the Rich
Contrarian · Deep Value
Michael Burry
Scion Asset Management
Founder
Investing style
Deep-value, contrarian investing — hunting for mispriced securities the rest of the market is ignoring or has written off.
Famous principles
- Do your own research — read the filings, don't take anyone's word for it.
- Be willing to be early, alone, and uncomfortable.
- Focus on the margin of safety in the price you pay.
NoteTHIS IS SCION'S FINAL 13F. Michael Burry deregistered Scion Asset Management as an investment adviser in November 2025, ending its filing obligation — this famous last filing disclosed large put positions against Nvidia and Palantir. Per 13F rules, options are reported as the value of the UNDERLYING shares, not the premium paid; strikes and expirations are not disclosed. Preserved here as a historical record.
Total portfolio value
$1.38B
Positions
8
Largest holding
PLTR · 66.0%
Biggest move this quarter
New: PLTR $912.1M
Allocation
Top 8 holdings
| Ticker | Company | Value | % of Portfolio | Change |
|---|---|---|---|---|
PLTRPUTS | Palantir Technologies Inc (Cl A) | $912.1M | 66.04% | new |
NVDAPUTS | NVIDIA Corporation | $186.6M | 13.51% | new |
PFECALLS | Pfizer Inc | $152.9M | 11.07% | new |
HALCALLS | Halliburton Co | $61.5M | 4.45% | new |
| Molina Healthcare Inc | $23.9M | 1.73% | new | |
| Lululemon Athletica Inc | $17.8M | 1.29% | added | |
| SLM Corp | $13.3M | 0.96% | new | |
— | Bruker Corp 6.375% Pref Ser A | $13.1M | 0.95% | new |
What changed this quarter
- newPLTRPalantir Technologies Inc (Cl A)
- newNVDANVIDIA Corporation
- newPFEPfizer Inc
- newHALHalliburton Co
- newMOHMolina Healthcare Inc
- addedLULULululemon Athletica Inc
- newSLMSLM Corp
- new—Bruker Corp 6.375% Pref Ser A
- exitedBABAAlibaba (calls)
- exitedASMLASML Holding (calls)
- exitedJDJD.com (calls)
- exitedELEstée Lauder
- exitedMELIMercadoLibre
- exitedMETAMeta Platforms (calls)
- exitedREGNRegeneron
- exitedUNHUnitedHealth
- exitedVFCV.F. Corp (calls)