Michael Burry - Scion Asset Management Options Holdings (Q2 2021)
According to the SEC 13F filed on Nov 03, 2025, the Scion Asset Management portfolio disclosed options positions as of quarter-end Sep 30, 2025. These positions include call and put options tied to underlying equity holdings, providing a deeper look at the fund's use of derivatives for exposure and hedging.
The reported options activity included 8 call contracts and 3 put contracts across companies such as Tesla, Inc. (TSLA), Meta Platforms, Inc. (META), iShares 20+ Year Treasury Bond (TLT). Options positions can signal strategies around hedging risk, enhancing leverage, or adjusting portfolio exposure during market shifts.
Options Positions
Showing 11 of 11 positions.
| Quarter | Symbol | Company | Option | Contracts | Notional Value |
|---|---|---|---|---|---|
| Q2 2021 | TSLA | Tesla, Inc. | PUT | 1,075,500 | $731,017.00 |
| Q2 2021 | META | Meta Platforms, Inc. | CALL | 941,200 | $327,265.00 |
| Q2 2021 | TLT | iShares 20+ Year Treasury Bond | PUT | 1,943,000 | $280,472.00 |
| Q2 2021 | GOOG | Alphabet Inc. | CALL | 91,900 | $230,331.00 |
| Q2 2021 | MCK | McKesson Corporation | CALL | 682,400 | $130,502.00 |
| Q2 2021 | KHC | The Kraft Heinz Company | CALL | 1,424,800 | $58,103.00 |
| Q2 2021 | WMT | Walmart Inc. | CALL | 378,600 | $53,390.00 |
| Q2 2021 | CAH | Cardinal Health, Inc. | CALL | 857,700 | $48,966.00 |
| Q2 2021 | CVS | CVS Health Corporation | CALL | 525,300 | $43,831.00 |
| Q2 2021 | ARKK | ARK Innovation ETF | PUT | 235,500 | $30,799.00 |
| Q2 2021 | TBT | ProShares UltraShort Lehman 20 | CALL | 516,100 | $9,718.00 |
Note: Notional value represents the total exposure of the options position.