Monday, October 6, 2025

Latest

Michael Burry’s Scion Asset Management Bets Big on Gold

Michael Burry, famous for predicting the 2008 subprime mortgage crisis, has gone big on gold. 

According to a recent regulatory filing, Burry purchased over 440,000 units in the Sprott Physical Gold Trust (PHYS) through his hedge fund, Scion Asset Management. The investment is worth more than $10 million, making it his largest investment in the first quarter.

The Sprott Physical Gold Trust, a closed-end fund that holds its assets in physical gold bullion, is currently trading at a discount to its net asset value. This move comes as gold prices have reached new highs due to rising inflation and heightened geopolitical risks.

Burry also increased his stakes in Chinese e-commerce giants JD.com and Alibaba, while maintaining significant holdings in HCA Healthcare, Citigroup, and Block as of the end of March. 

The filing, which money managers with assets exceeding $100 million must submit to the Securities and Exchange Commission, provides a snapshot of Burry’s portfolio 45 days after the quarter ends. It is, however, essential to note that active traders like Burry may have already adjusted their positions by the time the filings are made public.


Information for this story was found via the sources and companies mentioned. The author has no securities or affiliations related to the organizations discussed. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Fortune Bay: The Potential Billion Dollar Project

Japan Gold Enters New Chapter as Barrick Alliance Concludes – John Proust

Barrick Mining’s “Company Defining [Gold] Discovery”

Recommended

Nord Precious Metals Produces High Grade Silver Concentrate From Tailings

ESGold Secures $9 Million In Non-Dilutive Funding From Ocean Partners

Related News

Trans Canada Gold: Developing A Red Lake Lookalike In Ontario – The Daily Dive feat Tim Coupland

For our Sunday edition of The Daily Dive, we sit down to discuss gold exploration...

Monday, February 22, 2021, 01:30:00 PM

Swiss Gold Refiners Add Surcharges as Global Demand Surges

Swiss gold refiners are taking unusual steps to manage supply constraints, with Metalor Technologies implementing...

Tuesday, February 18, 2025, 11:21:00 AM

Blue Lagoon Intersects 22.12 g/t Gold, 47.95 g/t Silver Over 2.14 Metres

Blue Lagoon Resources (CSE: BLLG) this morning released its latest round of assay results from...

Thursday, March 17, 2022, 08:07:47 AM

Newlox Gold Sees Boston Mine Prepped For Production

Newlox Gold (CSE: LUX) is continuing to progress towards operating its second production facility. The...

Wednesday, March 3, 2021, 07:52:57 AM

Gold Mountain Sees Further Positive Assay Results At Elk Gold Project

Positive assay results continue to come in for Gold Mountain Mining (TSX: GMTN). The firm...

Thursday, November 25, 2021, 08:16:37 AM