About this page
WallStPal explains public SEC filings and congressional stock trade reports in plain English. Nothing is for sale; the site is free and supported by ads.
How to read it
- Form 4
- The form a company insider (officer, director or owner of more than 10%) must file with the SEC within two business days of buying or selling the company's shares.
- 13F
- A quarterly list of U.S. stocks held by an investment manager with more than $100 million, filed within 45 days after each quarter ends.
- STOCK Act
- A 2012 law that requires members of Congress to report stock trades by themselves, a spouse or a dependent child within 45 days.
A real example
In January 2016, when bank stocks were falling, JPMorgan Chase CEO Jamie Dimon bought 500,000 JPMorgan shares with his own money, worth about $26 million. His Form 4 made the purchase public within days, and investors read it as a strong sign of confidence.
Explain it like I'm 13
We read the long, boring forms that grown-ups file with the government and tell you what they say in normal words.
Data from public SEC filings and congressional reports. Information, not investment advice. Check every number against the filing linked on the page.
Michael Burry
Founder of Scion Asset Management; “The Big Short” investor
- Full name
- Michael James Burry
- Born
- 1971, San Jose, California
Who is Michael Burry?
Burry trained as a doctor before starting a fund in 2000. He bet against U.S. housing loans before the 2008 crash, a story told in the book and film The Big Short. His quarterly 13F filings are followed closely, though his firm said in late 2025 that it was winding down, so recent filings may be its last.
Scion Asset Management: what the fund holds
| Top holdings | Value | % of fund | Change |
|---|---|---|---|
| MOH MOLINA HEALTHCARE INC | $23.9M | 35.1% | new |
| LULU LULULEMON ATHLETICA INC | $17.8M | 26.1% | added |
| SLM SLM CORP | $13.3M | 19.5% | new |
| BRKRP BRUKER CORP | $13.1M | 19.3% | new |
New positions: MOH, SLM, BRKRP. Sold out of: EL, BRKR, REGN, MELI, UNH.
Examples
Founders often sell stock on a schedule set months in advance (a 10b5-1 plan) to pay taxes or diversify, so a sale is not always a sign of doubt. A large open-market purchase with their own money is rarer and usually says more. In January 2016, JPMorgan Chase CEO Jamie Dimon bought 500,000 JPMorgan shares, about $26 million, and the purchase was widely read as confidence in the bank.
Explain it like I'm 13
Imagine the founder of your favorite game company owns a giant pile of its shares. Each time they sell some, give some away, or buy more, they must tell the government within two business days. This page adds up those notes so you can see how big the pile is and what they have been doing with it.
From public SEC filings. Information, not investment advice. Values are estimates at the latest weekly price.