Michael Burry - Scion Asset Management 13F Activity & Position Changes (Q3 2025)

As of Sep 30, 2025, the Scion Asset Management portfolio activity showed several notable changes in holdings, according to the latest SEC 13F filing reported on Nov 03, 2025. The activity included new positions, additions to existing holdings, reductions, and complete exits, providing a clear view of how the portfolio evolved during the quarter.

During Q3 2025, the filing reported:

New Buys - Molina Healthcare Inc, SLM Corporation

Increases - lululemon athletica inc.

Reductions - None reported

Complete Exits - Bruker Corporation, Estee Lauder Companies, Inc. (T, MercadoLibre, Inc., Regeneron Pharmaceuticals, Inc., UnitedHealth Group Incorporated

These updates highlight how the portfolio adjusted across different sectors and market conditions, offering insights into allocation shifts and investment trends.

Date	Symbol	Name	Type	Change Qty	% Change	Value	Remaining
Q3 2025	BRKR Bruker Corporation	Bruker Corporation	Sell - Position Exit	-250,000	-100.0%	$0.00	-
Q3 2025	EL Estee Lauder Companies, Inc. (T	Estee Lauder Companies, Inc. (T	Sell - Position Exit	-150,000	-100.0%	$0.00	-
Q3 2025	LULU lululemon athletica inc.	lululemon athletica inc.	Buy	+50,000	+100.0%	$17.79M	100,000
Q3 2025	MELI MercadoLibre, Inc.	MercadoLibre, Inc.	Sell - Position Exit	-3,000	-100.0%	$0.00	-
Q3 2025	MOH Molina Healthcare Inc	Molina Healthcare Inc	Buy - Position Entry	+125,000	-	$23.92M	125,000
Q3 2025	REGN Regeneron Pharmaceuticals, Inc.	Regeneron Pharmaceuticals, Inc.	Sell - Position Exit	-15,000	-100.0%	$0.00	-
Q3 2025	SLM SLM Corporation	SLM Corporation	Buy - Position Entry	+480,054	-	$13.29M	480,054
Q3 2025	UNH UnitedHealth Group Incorporated	UnitedHealth Group Incorporated	Sell - Position Exit	-20,000	-100.0%	$0.00	-