13F Timing Lab / MOH · Q3 2025
Scion Asset Management
& Molina Healthcare.
Scion’s Q3 2025 filing reported Molina Healthcare common shares absent from its Q2 common-stock rows. This case belongs to the complete new-common-stock cohort, not a selection based on its subsequent return.
Explore the record
Change the timing. See the difference.
Reviewed filing
Scion Asset Management → MOH
Scion Asset Management · Q3 2025
Read the dates before the headline
The holding came first. Your entry comes later.
34 days between the portfolio snapshot and the filing. Calendar days, not trading sessions.
- The portfolio snapshotSep 30, 2025Shares held on this date. It is not the purchase date.
- SEC accepts the filingNov 3, 202516:33:10 Eastern
After market close - Your selected entryNov 4, 2025Next trading session’s close
MOH at $151.69 - The common exitFeb 2, 202660 sessions after the base entry.
60 sessions held in this replay.
We do not know the manager’s purchase date or price. Changing your entry moves only your replay; the exit stays fixed. Timeline steps are equally spaced, not a time scale.
Entry: Nov 4, 2025 at $151.69. Exit: Feb 2, 2026 at $181.18. 60 trading sessions between closes.
Same stock. Same exit. Different entry.
The exit stays Feb 2, 2026. Waiting shortens the holding period. “pp” means percentage points; this is a price comparison, not risk-adjusted alpha.
Scroll sideways to compare every column ↔
| Entry timing | Entry date | MOH | SPY | Difference |
|---|---|---|---|---|
| First session | Nov 4, 2025 | +19.44% | +2.99% | +16.45 pp |
| Wait 1 session | Nov 5, 2025 | +20.99% | +2.63% | +18.36 pp |
| Wait 5 sessions | Nov 11, 2025 | +26.24% | +1.82% | +24.42 pp |
Inspect the daily prices behind this chart
| Date | MOH | SPY |
|---|---|---|
| Nov 4, 2025 | $151.69 | $675.24 |
| Nov 5, 2025 | $149.75 | $677.58 |
| Nov 6, 2025 | $147.12 | $670.31 |
| Nov 7, 2025 | $152.06 | $670.97 |
| Nov 10, 2025 | $140.90 | $681.44 |
| Nov 11, 2025 | $143.52 | $683.00 |
| Nov 12, 2025 | $141.03 | $683.38 |
| Nov 13, 2025 | $138.48 | $672.04 |
| Nov 14, 2025 | $137.54 | $671.93 |
| Nov 17, 2025 | $136.79 | $665.67 |
| Nov 18, 2025 | $141.19 | $660.08 |
| Nov 19, 2025 | $138.12 | $662.63 |
| Nov 20, 2025 | $134.51 | $652.53 |
| Nov 21, 2025 | $141.56 | $659.03 |
| Nov 24, 2025 | $145.30 | $668.73 |
| Nov 25, 2025 | $146.77 | $675.02 |
| Nov 26, 2025 | $148.33 | $679.68 |
| Nov 28, 2025 | $148.26 | $683.39 |
| Dec 1, 2025 | $145.00 | $680.27 |
| Dec 2, 2025 | $145.97 | $681.53 |
| Dec 3, 2025 | $149.09 | $683.89 |
| Dec 4, 2025 | $150.57 | $684.39 |
| Dec 5, 2025 | $151.86 | $685.69 |
| Dec 8, 2025 | $155.51 | $683.63 |
| Dec 9, 2025 | $156.88 | $683.04 |
| Dec 10, 2025 | $160.52 | $687.57 |
| Dec 11, 2025 | $166.90 | $689.17 |
| Dec 12, 2025 | $168.50 | $681.76 |
| Dec 15, 2025 | $166.50 | $680.73 |
| Dec 16, 2025 | $160.88 | $678.87 |
| Dec 17, 2025 | $162.30 | $671.40 |
| Dec 18, 2025 | $162.72 | $676.47 |
| Dec 19, 2025 | $163.69 | $680.59 |
| Dec 22, 2025 | $163.68 | $684.83 |
| Dec 23, 2025 | $164.02 | $687.96 |
| Dec 24, 2025 | $163.47 | $690.38 |
| Dec 26, 2025 | $164.84 | $690.31 |
| Dec 29, 2025 | $166.54 | $687.85 |
| Dec 30, 2025 | $170.66 | $687.01 |
| Dec 31, 2025 | $173.54 | $681.92 |
| Jan 2, 2026 | $178.46 | $683.17 |
| Jan 5, 2026 | $182.80 | $687.72 |
| Jan 6, 2026 | $184.73 | $691.81 |
| Jan 7, 2026 | $176.38 | $689.58 |
| Jan 8, 2026 | $183.50 | $689.51 |
| Jan 9, 2026 | $181.50 | $694.07 |
| Jan 12, 2026 | $181.82 | $695.16 |
| Jan 13, 2026 | $180.93 | $693.77 |
| Jan 14, 2026 | $188.88 | $690.36 |
| Jan 15, 2026 | $193.74 | $692.24 |
| Jan 16, 2026 | $191.40 | $691.66 |
| Jan 20, 2026 | $191.27 | $677.58 |
| Jan 21, 2026 | $194.60 | $685.40 |
| Jan 22, 2026 | $198.75 | $688.98 |
| Jan 23, 2026 | $201.89 | $689.23 |
| Jan 26, 2026 | $201.05 | $692.73 |
| Jan 27, 2026 | $184.12 | $695.49 |
| Jan 28, 2026 | $187.00 | $695.42 |
| Jan 29, 2026 | $184.93 | $694.04 |
| Jan 30, 2026 | $179.59 | $691.97 |
| Feb 2, 2026 | $181.18 | $695.41 |
These selected historical cases are not a strategy test. Price movements can reflect earnings, market news and other events. These comparisons do not establish that the filing caused the move or that copying a manager works.
Filing facts / Q3 2025
The record behind the replay.
This replays a hypothetical follower’s closing prices after the November filing. It does not reveal Michael Burry’s purchase price, trade date, later sale or actual return. Company news and broader market moves overlap the observation window.
- Reported share quantity
- 125,000 shares
- Reported quarter-end value
- $23,920,000.00
- Security identifier
- 60855R100
Combined from 1 non-option row for this security in this single filing. The original table reports values in USD. Value is a quarter-end mark, not purchase cost. Source rows retain their manager designations in the linked table.
The CUSIP is absent from the reviewed Q2 common-stock rows. The saved SEC filing history contains no Q2 or Q3 amendment as of this review. This establishes new in these public tables, not the first public mention or date of purchase.
- Q3 filing and acceptance time ↗
- Q3 complete information table ↗
- Q2 comparison information table ↗
- SEC filing history ↗
- MOH historical market prices ↗ · SPY historical market prices ↗
SEC index acceptance: 2025-11-03 at 16:33:10 America/New_York. Historical review through Oct 24, 2026; this page does not monitor later amendments or current positions automatically.
Read the complete Scion Q3 2025 report ↗
How to read the numbers
A replay you can check.
01 / Start after the filing
The base entry is the next trading session’s close after the filing date, whether the filing arrived during trading or after the close. This filing arrived after the close. It is a reproducible daily-price convention, not the earliest executable trade. Overnight and first-session moves are already in that entry price.
02 / Keep the exit fixed
Choose an exit 20 or 60 trading sessions after the base entry. Waiting one or five sessions moves the entry only. All scenarios exit on the same date; delayed entries therefore have shorter holding periods. Sessions follow the observed SPY trading dates, including holiday gaps.
03 / Compare like with like
Price change = (exit close ÷ entry close − 1) × 100. SPY uses the same dates. The difference is measured in percentage points, not risk-adjusted alpha. The chart rebases both series to 100 at the selected entry. Prices are USD closes from Yahoo Finance; the reviewed windows contain no recorded stock splits.
04 / Keep the limits visible
Dividends, trading costs, taxes and slippage are excluded. The snapshot-to-filing comparison is not the manager’s return. A weekend quarter-end uses the last trading close on or before that date. For an intraday filing, the filing-day close includes post-disclosure trading. Options, short positions and a manager’s actual trade dates are not reconstructed. This position comes from a complete cohort, but the manager and quarter were chosen with hindsight. It cannot establish causation, predictive power or a profitable strategy.
Download the quarterly reports’ replay prices (CSV) ↓ · Read the research · Report a correction
Reviewed snapshot · Oct 24, 2026 · Version 2026-10-24.1. Source retrieval and calculation checks are part of this release. No live prices or automatic refresh are implied.
Financial interest: the publisher/researcher has disclosed a GOOGL holding in Buteon’s Alphabet research. This collection includes GOOGL. Educational research, not an investment recommendation.