Great investors · Michael Burry · Q2 2025
What Michael Burry bought and sold in Q2 2025
Scion Asset Management 13F portfolio as of Jun 30, 2025: 6 positions worth $56.3M. Largest: EL, LULU, BRKR, REGN. Filed with the SEC on Aug 14, 2025.
The 13F is filed by Scion Asset Management, not by Michael Burry personally: these are the whole firm's positions. A “position” is a distinct security in the filing (by CUSIP); share classes of the same company are shown added together.
Buys in Q2 2025
- Newlululemon athleticaLULU+21.1 pp
- NewBrukerBRKR+18.3 pp
- NewRegeneron PharmaceuticalsREGN+14.0 pp
- NewMercadoLibreMELI+13.9 pp
- NewUnitedHealth GroupUNH+11.1 pp
Sells in Q2 2025
- ReducedEstée LauderEL−7.2 pp
6 companies with material moves, out of 6 positions with a change. Only moves of 0.5 points of the portfolio or more are listed, measured as “traded weight” (what was bought or sold, excluding price effects). Smaller changes exist and are not listed: a position may have gone up or down without appearing above.
The full 13F, line by line
Scion Asset Management's Q2 2025 13F lists 6 lines of US-listed securities worth $56.3M; the largest is EL at 21.5% of the portfolio. It was accepted by the SEC on Aug 14, 2025 at 12:17 PM ET.
Against the previous quarter, it opened 5 positions (LULU, BRKR, REGN and MELI and 1 more), closed none, added to none and trimmed 1 (EL).
| # | Company | Shares | Value | Weight | Change in shares |
|---|---|---|---|---|---|
| 1 | Estée Lauder EL | 150,000 | $12.1M | 21.5% | −25% |
| 2 | lululemon athletica LULU | 50,000 | $11.9M | 21.1% | new |
| 3 | Bruker BRKR | 250,000 | $10.3M | 18.3% | new |
| 4 | Regeneron Pharmaceuticals REGN | 15,000 | $7.9M | 14.0% | new |
| 5 | MercadoLibre MELI | 3,000 | $7.8M | 13.9% | new |
| 6 | UnitedHealth Group UNH | 20,000 | $6.2M | 11.1% | new |
One row per line of the filing (by CUSIP): share classes of the same company are listed separately here. “Change in shares” compares the count with the previous quarter, split-adjusted; the value is the one reported in the 13F at quarter end, not today's price.
Original documents: Scion Asset Management's 13F filings on EDGAR (SEC) ↗
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Source: 13F filings with the SEC. A 13F shows the portfolio at quarter-end and is filed up to 45 days later: these are not real-time positions. Not investment advice.