Overview
- Scion’s 13F shows Q3 put positions equal to about 1 million Nvidia shares (~$187.6 million) and 5 million Palantir shares (~$912 million), with holdings reported as of Sept. 30 and potentially updated since.
- Tech shares swooned on Nov. 4 after the filing surfaced, with Palantir down nearly 8% and Nvidia about 4% as the Nasdaq fell roughly 2% and the S&P 500 slipped 1.2%.
- The selloff extended to Asia and Europe on Nov. 5, then U.S. markets partially recovered, with the Nasdaq and S&P 500 moving higher early and Nvidia edging up as Palantir underperformed.
- Palantir CEO Alex Karp criticized the bearish bets on CNBC, calling shorting the companies “batsh‑t crazy” and asserting the targeted firms are producing profits.
- Scion also disclosed call options on Pfizer and Halliburton and a concentrated set of eight reported positions, as Goldman Sachs and Morgan Stanley chiefs cautioned about potential 10%–20% equity drawdowns.