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Michael Burry

Michael Burry

Founder & Portfolio Manager — Scion Asset Management
Deep Value Contrarian Short Seller Macro
AUM (13F)
$1.38B
Positions
8
Latest Filing
Nov 3, 2025
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Fund Founded
2013
Style
Deep Value / Contrarian
Typical Positions
10–20
Net Worth
$300M+
Biography

Michael Burry is one of the most unconventional investors alive. A trained physician who taught himself to invest while completing his medical residency, Burry founded Scion Capital in 2000 and quickly attracted attention for his ability to identify deeply undervalued stocks through exhaustive bottom-up research. His early returns were extraordinary, beating the market significantly in the years immediately following the dot-com bust.

Burry became globally famous for being one of the first investors to recognize the housing bubble and bet against it via credit default swaps on mortgage-backed securities — a trade that generated over $700M in profits for his investors and $100M personally, immortalized in Michael Lewis's book and later film 'The Big Short.' He closed Scion Capital in 2008, retreated from public life, and re-emerged in 2013 with the family office Scion Asset Management. He is now known for concentrated, high-conviction positions and frequent macro warnings on social media.

Investment Philosophy

My strategy isn't very complex. I try to buy shares of unpopular companies when they look like road kill, and sell them when they've been rehabilitated.

— Michael Burry, Scion Asset Management
Notable Trades
WIN
The Big Short (2005–2007)
Identified the US housing bubble and bought credit default swaps on subprime mortgage bonds. Generated $700M+ for investors when the market collapsed in 2007–2008.
WIN
GameStop (pre-2021)
Was an early GameStop investor before the meme stock phenomenon, recognizing the company's hidden real estate value and activist potential.
LOSS
Geo Group short (2019)
Took a short position on private prison operator GEO Group expecting regulatory headwinds. The position moved against him significantly.
CURRENT
Various deep value plays
Scion's portfolio rotates through deeply discounted small and mid-cap companies, often in out-of-favor sectors trading well below book value.
CURRENT
China tech / JD.com
Has taken positions in beaten-down Chinese internet companies, betting on valuation reversion despite geopolitical risk.
Top Holdings — Scion Asset Management
Top 5 Holdings · Q3 2025 Filed Nov 3, 2025
1
PALANTIR TECHNOLOGIES INC
66.0%
2
NVIDIA CORPORATION
13.5%
3
PFIZER INC
11.1%
4
HALLIBURTON CO
4.5%
5
MOLINA HEALTHCARE INC
1.7%