ClaimsPeople

Michael Burry

Michael Burry is a widely known investor who founded Scion Capital/Scion Asset Management and writes a paid Substack newsletter, reported by Yahoo Finance to have passed 300,000 subscribers.

593 claims collected, 191 researched, 73 resolved. Report of 5 November 2026, method 0.1.0+c876030c.

Scores by kind of claim

Each kind of claim is scored on its own, out of 100: the share that held up, with the range it likely falls in. Fewer resolved claims give a wider range.

  • Factual claims

    Statements about the present or the past, checked against the record: did they hold up?

    74 67 80

    High confidence, 66 factual claims resolved. From 9 documents, 2001 to 2026; 14 documents sampled from 30 candidates found.

    Not scored: 46 unresolvable, 40 checkable only against their own records.

    See the factual claims

  • Predictions

    Statements about events outside the person's control, checked once they fell due: did they come true?

    62 43 81

    Low confidence, 6 predictions resolved. From 2 documents, 2006 to 2011; 14 documents sampled from 30 candidates found.

    Not scored: 20 unresolvable, 3 checkable only against their own records. 1 more fall due later.

    Does not yet allow for how likely each prediction was when made.

    See the predictions

  • Promises

    Commitments to the person's or organisation's own future action, with something to deliver: was it delivered?

    Insufficient record: 1 promise resolved, 5 needed for a score.

    Not scored: 4 unresolvable, 2 not yet due, 2 checkable only against their own records.

    See the promises

All types combined: 73 (likely 66 to 79, high confidence), from 72 claims: 66 factual claims, 6 predictions. It mixes kinds of claim in different proportions for different people, so compare people kind by kind.

Michael Burry's claims

45 claims

45 claims, sorted by newest said. Choose a claim to read it in full.
VerdictKindSaidClaimTopic
Own records only Promise 14 Oct 2026 5% of Cassandra Unchained's gross revenues in October 2026 will go to Siloam Health. Promise · 14 Oct 2026 Their own work or organisation
Own records only Factual 9 Jul 2026 Over roughly the past six months CoreWeave CEO Michael Intrator has sent Burry arguments similar to the forwarded missive. Factual · 9 Jul 2026 AI compute, hardware and data
Own records only Factual 2025 The duration of Scion's single-name corporate CDS portfolio is roughly 3.5 years. Factual · 2025 Their own work or organisation
Own records only Factual 2025 Scion's investment in Blue Ocean Re has largely been wound up. Factual · 2025 Their own work or organisation
Own records only Factual 2025 A number of the companies covered by Scion's credit protection contracts are engaged in the mortgage business. Factual · 2025 Their own work or organisation
Own records only Factual 2025 Scion's credit protection contracts cover $4.27 billion in notional value, largely on financial companies. Factual · 2025 Their own work or organisation
Own records only Factual 2025 Scion COO and General Counsel Steve Druskin and CFO Zaeed Kalsheker led a top-to-bottom reorganization of Scion's back office over the past year. Factual · 2025 Their own work or organisation
Own records only Factual 2025 Michael Burry keeps the vast majority of his net worth invested in the Scion Value Fund. Factual · 2025 Their own work or organisation
Own records only Prediction 2025 Burry said he expected additional distributions of capital and profits from the Blue Ocean Re investment during the remainder of the year of the letter. Prediction · 2025 Their own work or organisation
Own records only Factual 2025 At the start of the second quarter, Scion Qualified Value Fund held $612 million in assets under management and Scion Value Fund held $133 million. Factual · 2025 Their own work or organisation
Own records only Factual 2008 The Scion Funds' portfolio of credit default swaps on subordinated tranches of subprime mortgage securitizations has been reduced to an insignificant size, with only three contracts remaining. Factual · 2008 Their own work or organisation
Own records only Factual 2008 Burry said he had recently found opportunity in a handful of severely battered South Korean securities, a Chinese media company and a global internet giant, and that such positions amounted to roughly one-third of the portfolio. Factual · 2008 Their own work or organisation
Own records only Factual 2008 If the Funds' remaining credit shorts fell to zero value, Scion Qualified Value Fund would lose about 19% of its value and Scion Value Fund about 15%. Factual · 2008 Their own work or organisation
Own records only Factual 2008 The Scion Funds are roughly one-fifth cash, held largely in foreign currencies. Factual · 2008 Their own work or organisation
Own records only Prediction 2008 Burry said that, with only three such contracts remaining in force, he did not expect further meaningful impact on the Funds' portfolios from this sort of trade. Prediction · 2008 Their own work or organisation
Own records only Promise 2008 Scion Capital is closing its dedicated Asian investment funds and returning capital to investors in those funds. Promise · 2008 Their own work or organisation
Own records only Factual 2008 The Scion Funds established direct commodity exposure through futures contracts during a recent commodity price pullback. Factual · 2008 Their own work or organisation
Own records only Factual Nov 2006 The Scion funds do not participate in the cash residential mortgage-backed securities market. Factual · Nov 2006 Their own work or organisation
Own records only Factual Nov 2006 Variation in side pocket value comes from the Livedoor position being held in Japanese yen while the fund reports in dollars. Factual · Nov 2006 Their own work or organisation
Own records only Factual Nov 2006 On a notional basis, 41.6% of Scion's mortgage shorts are on BBB- tranches and 49.8% on BBB tranches. Factual · Nov 2006 Their own work or organisation
Own records only Factual Nov 2006 The Livedoor, Blue Ocean Re and Symetra side pockets are all carried at cost. Factual · Nov 2006 Their own work or organisation
Own records only Factual 5 Oct 2006 During March–September 2005, Burry found most mortgage pools and their subordinate tranches totally unworthy as short candidates. Factual · 5 Oct 2006 Economics and markets
Own records only Factual 5 Oct 2006 Through September 2006 the Scion portfolio was down for the year, and its performance was solely due to its credit default swap positions. Factual · 5 Oct 2006 Their own work or organisation
Own records only Factual 5 Oct 2006 Burry attempts, within reason, to keep the Scion Value Fund and Scion Qualified Value Fund pari passu in portfolio composition. Factual · 5 Oct 2006 Their own work or organisation
Own records only Factual Oct 2006 At the end of October 2006, single name corporate CDS were 3.27% of assets under management in the Scion Value Fund and 3.55% in the Scion Qualified Value Fund. Factual · Oct 2006 Their own work or organisation
Own records only Factual 2006 Burry stated that Scion Capital negotiated very favorable ISDA agreements with all eight of its credit derivatives counterparties. Factual · 2006 Their own work or organisation
Own records only Factual 2006 The Scion funds carry credit default swaps on subprime mortgage-backed securities with $1.687 billion in notional value. Factual · 2006 Their own work or organisation
Own records only Factual 2006 Burry spends nearly all his time on stocks and other long-oriented analysis rather than shorts. Factual · 2006 Their own work or organisation
Own records only Prediction 2006 Burry expected that, in the worst case, his fund's mortgage short would fully amortize to nil value over the next three years, at an average annual cost of carry of roughly six percent of current assets under management. Prediction · 2006 Their own work or organisation
Own records only Factual 2006 The Funds held quite a bit of cash in 2006, something that last occurred in the 2001-2002 era. Factual · 2006 Their own work or organisation
Own records only Factual 2006 The Scion Funds have roughly a 12% allocation in Asia, lower than in the past. Factual · 2006 Their own work or organisation
Own records only Factual 2006 Burry never expected Scion's mortgage short to pay off within one year. Factual · 2006 Their own work or organisation
Own records only Factual 2006 The Scion Funds hold roughly $2 million in put options focused on the Russell 2000 Index. Factual · 2006 Their own work or organisation
Own records only Factual 2004 Since earlier in 2004, the Scion Funds have held long equity and distressed debt investments, domestic and foreign, positioned to benefit from higher oil prices. Factual · 2004 Their own work or organisation
Own records only Factual 2002 The Scion Value Fund had about $27 million in capital, and its minimum initial investment for new investors was raised to $500,000. Factual · 2002 Their own work or organisation
Own records only Factual 2002 During the vast majority of 2001, the Scion Value Fund held no short positions at all. Factual · 2002 Their own work or organisation
Own records only Factual 2002 The Scion Value Fund's cash position, around 40% for most of Q4 2001, kept it from fully participating in the general price rise across most stock categories. Factual · 2002 Their own work or organisation
Own records only Factual 2002 Michael Burry invested the majority of his 2001 income back into the Scion Value Fund for a January 1 start. Factual · 2002 Their own work or organisation
Own records only Factual 2001 Burry is a tax-paying US citizen. Factual · 2001 Their own work or organisation
Own records only Factual 2001 Burry personally had over $1 million invested in Scion Value Fund when writing the 2000 annual letter. Factual · 2001 Their own work or organisation
Own records only Factual 2001 The vast majority of Burry's net worth, aside from money for modest living expenses, is invested in the Scion Value Fund. Factual · 2001 Their own work or organisation
Own records only Factual 2001 The Scion Value Fund fell in Q3 2001 because several key stocks Burry chose declined in price. Factual · 2001 Their own work or organisation
Own records only Factual 2001 Burry keeps a list of about eighty stocks representing businesses with decent, predictable long-term characteristics. Factual · 2001 Their own work or organisation
Own records only Factual 2001 Burry holds no personal securities account apart from his investment in Scion Value Fund, and his professional focus is solely that fund. Factual · 2001 Their own work or organisation
Own records only Factual 2001 Because the Scion Value Fund added to several decliners, it was more valuable at the time of the letter than one quarter earlier. Factual · 2001 Their own work or organisation
Back to the list

Michael Burry

Open its page

Factual Their own work or organisation

“Since earlier this year, the Funds have held long equity and distressed debt investments, both domestically and abroad, that should benefit significantly from these higher oil prices.”

Michael Burry, Scion fund manager, quoting 3Q 2004 letter 2004 Scion Funds annual letters compilation (investorkurs.no)

Since earlier in 2004, the Scion Funds have held long equity and distressed debt investments, domestic and foreign, positioned to benefit from higher oil prices.

Own records only Only the person's or their organisation's own records speak to it, so it is not scored.

Said for an organisation they lead or work for; it counts on both records.

Reasoning

Scion's positioning since 2004 is internal portfolio information.

Cite this claim

Michael Burry, “Since earlier in 2004, the Scion Funds have held long equity and distressed debt investments, domestic and foreign, positioned to benefit from higher oil prices.” (said 2004). Verdict: own records only. Reliability API, claim c_fc2a2d8d2b2b, method 0.1.0+c876030c. https://epistacklabs.com/claims/c_fc2a2d8d2b2b

Claims without a verdict

Is a verdict here wrong, or do you speak for Michael Burry? Reply on the claim's own page, with the form at its foot (how replies work). Verdicts are made automatically; how verdicts and scores are made.