PaperPanda Fund Terminal
Michael Burry
Scion Asset Management, LLC · CIK: 1649339 · Report Period: 2025-09-30 · Filed: 2025-11-03
Portfolio Concentration
Top 10 holdings by weight — hover for cross-investor insights
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Holdings
Total: $1,381,198,076 · 8 positions
| # | Ticker | Issuer | Class | % of Portfolio | Value ($) | Shares | Activity | Share Change |
|---|---|---|---|---|---|---|---|---|
| 1 |
 PLTR
|
PALANTIR TECHNOLOGIES INC | COM | 66.0% | $912,100,000 | 5,000,000 | NEW BUY | +5,000,000 |
| 2 |
 NVDA
|
NVIDIA CORPORATION | COM | 13.5% | $186,580,000 | 1,000,000 | NEW BUY | +1,000,000 |
| 3 |
 PFE
|
PFIZER INC | COM | 11.1% | $152,880,000 | 6,000,000 | NEW BUY | +6,000,000 |
| 4 |
 HAL
|
HALLIBURTON CO | COM | 4.5% | $61,500,000 | 2,500,000 | NEW BUY | +2,500,000 |
| 5 |
 MOH
|
MOLINA HEALTHCARE INC | COM | 1.7% | $23,920,000 | 125,000 | NEW BUY | +125,000 |
| 6 |
 LULU
|
LULULEMON ATHLETICA INC | COM | 1.3% | $17,793,000 | 100,000 | REDUCE | -350,000 |
| 7 |
 SLM
|
SLM CORP | COM | 1.0% | $13,287,895 | 480,054 | NEW BUY | +480,054 |
| 8 |
 BRKRP
|
BRUKER CORP | COM | 0.9% | $13,137,181 | 48,334 | NEW BUY | +48,334 |
Position Changes
8 quarters available
| # | Ticker | Issuer | Action | Share Change | % Change | Shares Held | Value ($) |
|---|---|---|---|---|---|---|---|
| 1 | - | V F CORP | SOLD | -1,500,000 | Exit | - | - |
| 2 | MOH | MOLINA HEALTHCARE INC | NEW BUY | +125,000 | New | 125,000 | $23,920,000 |
| 3 | PFE | PFIZER INC | NEW BUY | +6,000,000 | New | 6,000,000 | $152,880,000 |
| 4 | - | REGENERON PHARMACEUTICALS | SOLD | -215,000 | Exit | - | - |
| 5 | - | LAUDER ESTEE COS INC | SOLD | -650,000 | Exit | - | - |
| 6 | LULU | LULULEMON ATHLETICA INC | REDUCE | -350,000 | -77.8% | 100,000 | $17,793,000 |
| 7 | - | ASML HOLDING N V | SOLD | -25,000 | Exit | - | - |
| 8 | HAL | HALLIBURTON CO | NEW BUY | +2,500,000 | New | 2,500,000 | $61,500,000 |
| 9 | NVDA | NVIDIA CORPORATION | NEW BUY | +1,000,000 | New | 1,000,000 | $186,580,000 |
| 10 | - | MERCADOLIBRE INC | SOLD | -3,000 | Exit | - | - |
| 11 | SLM | SLM CORP | NEW BUY | +480,054 | New | 480,054 | $13,287,895 |
| 12 | - | META PLATFORMS INC | SOLD | -100,000 | Exit | - | - |
| 13 | PLTR | PALANTIR TECHNOLOGIES INC | NEW BUY | +5,000,000 | New | 5,000,000 | $912,100,000 |
| 14 | - | JD.COM INC | SOLD | -1,000,000 | Exit | - | - |
| 15 | - | BRUKER CORP | SOLD | -250,000 | Exit | - | - |
| 16 | - | ALIBABA GROUP HLDG LTD | SOLD | -250,000 | Exit | - | - |
| 17 | BRKRP | BRUKER CORP | NEW BUY | +48,334 | New | 48,334 | $13,137,181 |
| 18 | - | UNITEDHEALTH GROUP INC | SOLD | -370,000 | Exit | - | - |
| # | Ticker | Issuer | Action | Share Change | % Change | Shares Held | Value ($) |
|---|---|---|---|---|---|---|---|
| 1 | - | PDD HOLDINGS INC | SOLD | -200,000 | Exit | - | - |
| 2 | - | V F CORP | NEW BUY | +1,500,000 | New | 1,500,000 | $17,625,000 |
| 3 | NVDA | NVIDIA CORPORATION | SOLD | -900,000 | Exit | - | - |
| 4 | - | MERCADOLIBRE INC | NEW BUY | +3,000 | New | 3,000 | $7,840,890 |
| 5 | - | TRIP COM GROUP LTD | SOLD | -200,000 | Exit | - | - |
| 6 | - | META PLATFORMS INC | NEW BUY | +100,000 | New | 100,000 | $73,809,000 |
| 7 | - | JD.COM INC | ADD | +600,000 | +150.0% | 1,000,000 | $32,640,000 |
| 8 | - | BRUKER CORP | NEW BUY | +250,000 | New | 250,000 | $10,300,000 |
| 9 | - | ALIBABA GROUP HLDG LTD | ADD | +50,000 | +25.0% | 250,000 | $28,352,500 |
| 10 | - | UNITEDHEALTH GROUP INC | NEW BUY | +370,000 | New | 370,000 | $115,428,900 |
| 11 | - | REGENERON PHARMACEUTICALS | NEW BUY | +215,000 | New | 215,000 | $112,875,000 |
| 12 | - | LAUDER ESTEE COS INC | ADD | +450,000 | +225.0% | 650,000 | $52,520,000 |
| 13 | - | BAIDU INC | SOLD | -100,000 | Exit | - | - |
| 14 | LULU | LULULEMON ATHLETICA INC | NEW BUY | +450,000 | New | 450,000 | $106,911,000 |
| 15 | - | ASML HOLDING N V | NEW BUY | +25,000 | New | 25,000 | $20,034,750 |
| # | Ticker | Issuer | Action | Share Change | % Change | Shares Held | Value ($) |
|---|---|---|---|---|---|---|---|
| 1 | - | PDD HOLDINGS INC | ADD | +125,000 | +166.7% | 200,000 | $23,670,000 |
| 2 | - | V F CORP | SOLD | -200,000 | Exit | - | - |
| 3 | - | TRIP COM GROUP LTD | NEW BUY | +200,000 | New | 200,000 | $12,716,000 |
| 4 | - | CANADA GOOSE HLDGS INC | SOLD | -24,838 | Exit | - | - |
| 5 | - | HCA HEALTHCARE INC | SOLD | -15,000 | Exit | - | - |
| 6 | MOH | MOLINA HEALTHCARE INC | SOLD | -25,000 | Exit | - | - |
| 7 | - | LAUDER ESTEE COS INC | ADD | +100,000 | +100.0% | 200,000 | $13,200,000 |
| 8 | - | AMERICAN COASTAL INS CORP | SOLD | -146,100 | Exit | - | - |
| 9 | NVDA | NVIDIA CORPORATION | NEW BUY | +900,000 | New | 900,000 | $97,542,000 |
| 10 | - | JD.COM INC | ADD | +100,000 | +33.3% | 400,000 | $16,448,000 |
| 11 | - | BRUKER CORP | SOLD | -75,000 | Exit | - | - |
| 12 | - | ALIBABA GROUP HLDG LTD | ADD | +50,000 | +33.3% | 200,000 | $26,446,000 |
| 13 | - | MAGNERA CORP | SOLD | -200,000 | Exit | - | - |
| 14 | - | BAIDU INC | REDUCE | -25,000 | -20.0% | 100,000 | $9,203,000 |
| 15 | - | OSCAR HEALTH INC | SOLD | -200,000 | Exit | - | - |
| # | Ticker | Issuer | Action | Share Change | % Change | Shares Held | Value ($) |
|---|---|---|---|---|---|---|---|
| 1 | - | THE REALREAL INC | SOLD | -500,000 | Exit | - | - |
| 2 | - | PDD HOLDINGS INC | NEW BUY | +75,000 | New | 75,000 | $7,274,250 |
| 3 | - | V F CORP | NEW BUY | +200,000 | New | 200,000 | $4,292,000 |
| 4 | - | CANADA GOOSE HLDGS INC | NEW BUY | +24,838 | New | 24,838 | $249,125 |
| 5 | - | BAIDU INC | REDUCE | -83,300 | -40.0% | 125,000 | $10,538,750 |
| 6 | - | HCA HEALTHCARE INC | NEW BUY | +15,000 | New | 15,000 | $4,502,250 |
| 7 | - | SHIFT4 PMTS INC | SOLD | -150,000 | Exit | - | - |
| 8 | MOH | MOLINA HEALTHCARE INC | REDUCE | -5,000 | -16.7% | 25,000 | $7,276,250 |
| 9 | - | LAUDER ESTEE COS INC | NEW BUY | +100,000 | New | 100,000 | $7,498,000 |
| 10 | - | AMERICAN COASTAL INS CORP | ADD | +46,100 | +46.1% | 146,100 | $1,966,506 |
| 11 | - | JD.COM INC | REDUCE | -700,000 | -70.0% | 300,000 | $10,401,000 |
| 12 | - | BRUKER CORP | NEW BUY | +75,000 | New | 75,000 | $4,396,500 |
| 13 | - | ALIBABA GROUP HLDG LTD | REDUCE | -218,900 | -59.3% | 150,000 | $12,718,500 |
| 14 | - | MAGNERA CORP | NEW BUY | +200,000 | New | 200,000 | $3,634,000 |
| 15 | - | OLAPLEX HLDGS INC | SOLD | -1,000,000 | Exit | - | - |
| 16 | - | OSCAR HEALTH INC | NEW BUY | +200,000 | New | 200,000 | $2,688,000 |
| # | Ticker | Issuer | Action | Share Change | % Change | Shares Held | Value ($) |
|---|---|---|---|---|---|---|---|
| 1 | - | THE REALREAL INC | REDUCE | -500,000 | -50.0% | 500,000 | $1,570,000 |
| 2 | - | AMERICAN COASTAL INS CORP | REDUCE | -151,892 | -60.3% | 100,000 | $1,127,000 |
| 3 | - | JD.COM INC | ADD | +750,000 | +300.0% | 1,000,000 | $40,000,000 |
| 4 | - | ALIBABA GROUP HLDG LTD | ADD | +213,900 | +138.0% | 368,900 | $39,147,668 |
| 5 | - | SHIFT4 PMTS INC | ADD | +50,000 | +50.0% | 150,000 | $13,290,000 |
| 6 | MOH | MOLINA HEALTHCARE INC | ADD | +5,470 | +22.3% | 30,000 | $10,336,800 |
| 7 | - | BIOATLA INC | SOLD | -633,959 | Exit | - | - |
| 8 | - | BAIDU INC | ADD | +133,300 | +177.7% | 208,300 | $21,931,907 |
| 9 | - | OLAPLEX HLDGS INC | ADD | +4,750 | +0.5% | 1,000,000 | $2,350,000 |
| 10 | - | HUDSON PAC PPTYS INC | SOLD | -1,144,435 | Exit | - | - |
| # | Ticker | Issuer | Action | Share Change | % Change | Shares Held | Value ($) |
|---|---|---|---|---|---|---|---|
| 1 | - | THE REALREAL INC | REDUCE | -412,692 | -29.2% | 1,000,000 | $3,190,000 |
| 2 | - | SHIFT4 PMTS INC | NEW BUY | +100,000 | New | 100,000 | $7,335,000 |
| 3 | - | HCA HEALTHCARE INC | SOLD | -25,000 | Exit | - | - |
| 4 | MOH | MOLINA HEALTHCARE INC | NEW BUY | +24,530 | New | 24,530 | $7,292,769 |
| 5 | - | ADVANCE AUTO PARTS INC | SOLD | -85,000 | Exit | - | - |
| 6 | - | CITIGROUP INC | SOLD | -125,000 | Exit | - | - |
| 7 | - | BP PLC | SOLD | -175,000 | Exit | - | - |
| 8 | - | VITAL ENERGY INC | SOLD | -125,000 | Exit | - | - |
| 9 | - | THE CIGNA GROUP | SOLD | -20,000 | Exit | - | - |
| 10 | - | SAFE BULKERS INC | SOLD | -400,000 | Exit | - | - |
| 11 | - | FIRST SOLAR INC | SOLD | -30,000 | Exit | - | - |
| 12 | - | STAR BULK CARRIERS CORP. | SOLD | -250,000 | Exit | - | - |
| 13 | - | JD.COM INC | REDUCE | -110,000 | -30.6% | 250,000 | $6,460,000 |
| 14 | - | BLOCK INC | SOLD | -90,000 | Exit | - | - |
| 15 | - | ALIBABA GROUP HLDG LTD | ADD | +30,000 | +24.0% | 155,000 | $11,160,000 |
| 16 | - | BIOATLA INC | NEW BUY | +633,959 | New | 633,959 | $868,524 |
| 17 | - | SPROTT PHYSICAL GOLD TR | SOLD | -440,729 | Exit | - | - |
| 18 | - | BAIDU INC | ADD | +35,000 | +87.5% | 75,000 | $6,486,000 |
| 19 | - | OLAPLEX HLDGS INC | NEW BUY | +995,250 | New | 995,250 | $1,532,685 |
| 20 | - | HUDSON PAC PPTYS INC | NEW BUY | +1,144,435 | New | 1,144,435 | $5,504,732 |
| # | Ticker | Issuer | Action | Share Change | % Change | Shares Held | Value ($) |
|---|---|---|---|---|---|---|---|
| 1 | - | MGM RESORTS INTERNATIONAL | SOLD | -100,000 | Exit | - | - |
| 2 | - | QURATE RETAIL INC | SOLD | -600,000 | Exit | - | - |
| 3 | - | HCA HEALTHCARE INC | ADD | +5,000 | +25.0% | 25,000 | $8,338,250 |
| 4 | - | ADVANCE AUTO PARTS INC | ADD | +15,000 | +21.4% | 85,000 | $7,232,650 |
| 5 | - | BP PLC | NEW BUY | +175,000 | New | 175,000 | $6,594,000 |
| 6 | - | VITAL ENERGY INC | ADD | +37,500 | +42.9% | 125,000 | $6,567,500 |
| 7 | - | THE CIGNA GROUP | NEW BUY | +20,000 | New | 20,000 | $7,263,800 |
| 8 | - | FIRST SOLAR INC | NEW BUY | +30,000 | New | 30,000 | $5,064,000 |
| 9 | - | ORACLE CORP | SOLD | -50,000 | Exit | - | - |
| 10 | - | STAR BULK CARRIERS CORP. | ADD | +29,792 | +13.5% | 250,000 | $5,967,500 |
| 11 | - | JD.COM INC | ADD | +160,000 | +80.0% | 360,000 | $9,860,400 |
| 12 | - | TOAST INC | SOLD | -200,000 | Exit | - | - |
| 13 | - | NEXSTAR MEDIA GROUP INC | SOLD | -32,500 | Exit | - | - |
| 14 | - | BRUKER CORP | SOLD | -50,000 | Exit | - | - |
| 15 | - | METTLER TOLEDO INTERNATIONAL | SOLD | -2,000 | Exit | - | - |
| 16 | - | CVS HEALTH CORP | SOLD | -65,000 | Exit | - | - |
| 17 | - | BAIDU INC | NEW BUY | +40,000 | New | 40,000 | $4,211,200 |
| 18 | - | AMAZON COM INC | SOLD | -30,000 | Exit | - | - |
| 19 | - | SAFE BULKERS INC | ADD | +150,000 | +60.0% | 400,000 | $1,984,000 |
| 20 | - | ALPHABET INC | SOLD | -35,000 | Exit | - | - |
| 21 | - | THE REALREAL INC | ADD | +757,886 | +115.7% | 1,412,692 | $5,523,626 |
| 22 | - | GEN RESTAURENT GROUP | SOLD | -154,142 | Exit | - | - |
| 23 | - | BOOKING HOLDINGS INC | SOLD | -1,250 | Exit | - | - |
| 24 | - | CITIGROUP INC | ADD | +25,000 | +25.0% | 125,000 | $7,905,000 |
| 25 | - | BIG LOTS INC | SOLD | -225,000 | Exit | - | - |
| 26 | - | AMERICAN COASTAL INS CORP | ADD | +41,524 | +19.7% | 251,892 | $2,692,725 |
| 27 | - | BLOCK INC | ADD | +40,000 | +80.0% | 90,000 | $7,612,200 |
| 28 | - | ALIBABA GROUP HLDG LTD | ADD | +50,000 | +66.7% | 125,000 | $9,045,000 |
| 29 | - | WARNER BROS DISCOVERY INC | SOLD | -375,000 | Exit | - | - |
| 30 | - | SPROTT PHYSICAL GOLD TR | NEW BUY | +440,729 | New | 440,729 | $7,624,612 |
| # | Ticker | Issuer | Action | Share Change | % Change | Shares Held | Value ($) |
|---|---|---|---|---|---|---|---|
| 1 | - | THE REALREAL INC | REDUCE | -95,194 | -12.7% | 654,806 | $1,316,160 |
| 2 | - | MGM RESORTS INTERNATIONAL | NEW BUY | +100,000 | New | 100,000 | $4,468,000 |
| 3 | - | QURATE RETAIL INC | NEW BUY | +600,000 | New | 600,000 | $525,300 |
| 4 | - | GEN RESTAURENT GROUP | NEW BUY | +154,142 | New | 154,142 | $1,206,932 |
| 5 | - | HCA HEALTHCARE INC | NEW BUY | +20,000 | New | 20,000 | $5,413,600 |
| 6 | - | EURONAV NV | SOLD | -250,000 | Exit | - | - |
| 7 | - | BOOKING HOLDINGS INC | REDUCE | -2,750 | -68.8% | 1,250 | $4,434,025 |
| 8 | - | ADVANCE AUTO PARTS INC | NEW BUY | +70,000 | New | 70,000 | $4,272,100 |
| 9 | - | CITIGROUP INC | NEW BUY | +100,000 | New | 100,000 | $5,144,000 |
| 10 | - | BIG LOTS INC | NEW BUY | +225,000 | New | 225,000 | $1,752,750 |
| 11 | - | VITAL ENERGY INC | NEW BUY | +87,500 | New | 87,500 | $3,980,375 |
| 12 | - | HUDSON PAC PPTYS INC | SOLD | -400,000 | Exit | - | - |
| 13 | - | AMERICAN COASTAL INS CORP | NEW BUY | +210,368 | New | 210,368 | $1,990,081 |
| 14 | - | ORACLE CORP | NEW BUY | +50,000 | New | 50,000 | $5,271,500 |
| 15 | - | ISHARES TR | SOLD | -100,000 | Exit | - | - |
| 16 | - | STAR BULK CARRIERS CORP. | REDUCE | -29,792 | -11.9% | 220,208 | $4,681,622 |
| 17 | - | JD.COM INC | ADD | +75,000 | +60.0% | 200,000 | $5,778,000 |
| 18 | - | NEXSTAR MEDIA GROUP INC | REDUCE | -16,151 | -33.2% | 32,500 | $5,094,375 |
| 19 | - | BRUKER CORP | NEW BUY | +50,000 | New | 50,000 | $3,674,000 |
| 20 | - | METTLER TOLEDO INTERNATIONAL | NEW BUY | +2,000 | New | 2,000 | $2,425,920 |
| 21 | - | WARNER BROS DISCOVERY INC | NEW BUY | +375,000 | New | 375,000 | $4,267,500 |
| 22 | - | ALIBABA GROUP HLDG LTD | ADD | +25,000 | +50.0% | 75,000 | $5,813,250 |
| 23 | - | BLOCK INC | NEW BUY | +50,000 | New | 50,000 | $3,867,500 |
| 24 | - | STELLANTIS N.V | SOLD | -400,000 | Exit | - | - |
| 25 | - | CRESCENT ENERGY COMPANY | SOLD | -200,000 | Exit | - | - |
| 26 | - | CVS HEALTH CORP | NEW BUY | +65,000 | New | 65,000 | $5,132,400 |
| 27 | - | AMAZON COM INC | NEW BUY | +30,000 | New | 30,000 | $4,558,200 |
| 28 | - | SAFE BULKERS INC | REDUCE | -50,000 | -16.7% | 250,000 | $982,500 |
| 29 | - | ALPHABET INC | NEW BUY | +35,000 | New | 35,000 | $4,889,150 |
| 30 | - | TOAST INC | NEW BUY | +200,000 | New | 200,000 | $3,652,000 |
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