Michael Burry - Scion Asset Management Options Holdings (Q2 2025)
As of Jun 30, 2025, the Scion Asset Management portfolio disclosed options positions in its latest SEC 13F filing reported on Nov 03, 2025. These filings 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 9 call contracts and 0 put contracts across companies such as UnitedHealth Group Incorporated (UNH), Regeneron Pharmaceuticals, Inc. (REGN), lululemon athletica inc. (LULU). Options positions can signal strategies around hedging risk, enhancing leverage, or adjusting portfolio exposure during market shifts.
Options Positions
Showing 9 of 9 positions.
| Quarter | Symbol | Company | Option | Contracts | Notional Value |
|---|---|---|---|---|---|
| Q2 2025 | UNH | UnitedHealth Group Incorporated | CALL | 350,000 | $109,189,500.00 |
| Q2 2025 | REGN | Regeneron Pharmaceuticals, Inc. | CALL | 200,000 | $105,000,000.00 |
| Q2 2025 | LULU | lululemon athletica inc. | CALL | 400,000 | $95,032,000.00 |
| Q2 2025 | META | Meta Platforms, Inc. | CALL | 100,000 | $73,809,000.00 |
| Q2 2025 | EL | Estee Lauder Companies, Inc. (T | CALL | 500,000 | $40,400,000.00 |
| Q2 2025 | JD | JD.com, Inc. | CALL | 1,000,000 | $32,640,000.00 |
| Q2 2025 | BABA | Alibaba Group Holding Limited | CALL | 250,000 | $28,352,500.00 |
| Q2 2025 | ASML | ASML | CALL | 25,000 | $20,034,750.00 |
| Q2 2025 | VFC | V.F. Corporation | CALL | 1,500,000 | $17,625,000.00 |
Note: Notional value represents the total exposure of the options position.