Scion Asset Q4 2025: Michael Burry's Astonishing 80% Bet on Palantir
Michael Burry's Scion Asset Management revealed a highly concentrated 4-stock portfolio in Q4 2025, with Palantir making up over 80% of the assets.
Michael Burry's Scion Asset Management, LLC is famous for contrarian, high-conviction bets. For Q4 2025, the "Big Short" investor revealed a hyper-concentrated $1.14 billion portfolio consisting of exactly four positions.
The 80% Palantir Bet
In a stunning move, Burry has allocated an incredible 80.3% of his reported 13F AUM—over $912 million—into a single stock: Palantir Technologies (PLTR). This level of concentration is extreme even for Scion, suggesting an absolute fundamental thesis on Palantir's government and commercial software dominance.
The remainder of the portfolio includes a $186.6 million (16.4%) stake in NVIDIA (NVDA), making Scion's Q4 2025 filing almost entirely a two-stock tech momentum play, a sharp departure from his historical deep-value, anti-tech stance.
Related Research
Explore all researchFisher’s Q4 2025 filing was still packed with mega-cap tech, but the bigger tell was a giant Treasury and investment-grade corporate bond sleeve built through IEF and VCIT. The next filing will show whether that duration bet was tactical or structural.
Apr 17, 2026
Victory Capital kept mega-cap tech on top in Q4 2025, but the sharper signal was in the secondary moves: large increases in Netflix, Constellation Energy, TSMC and new positions like IQVIA. The next filing will show whether that diversification continues.
Apr 17, 2026
Raymond James used Q4 2025 to keep broad ETF exposure high through VOO, AGG, SPY and IEFA while also adding to sector sleeves such as XLK and XLE. The next filing will show whether that balanced ETF-heavy structure remains the preferred setup.
Apr 17, 2026
Principal’s Q4 2025 filing looked slightly weaker on headline AUM, but the internal rotation was more revealing: Brookfield became a top-ten position, Netflix surged, and the fund cut back in parts of real estate. The next filing will show whether that shift keeps going.
Apr 17, 2026
Nuveen’s Q4 2025 filing stayed large-cap and AI-heavy at the top, but the more revealing addition was a sizable fixed-income sleeve through NXUS and NHYB. The next filing will show whether those credit and bond ETFs remain central or fade back out.
Apr 17, 2026