Overview
- SEC adviser records list Scion’s registration as terminated effective November 10, removing the fund from federal reporting requirements.
- Scion’s Q3 13F showed large notional put positions, including about $912 million on Palantir and $187 million on Nvidia, which reflect underlying share value rather than cash spent.
- Burry posted on X that he paid roughly $9.2 million in premiums for 50,000 Palantir put contracts struck at $50 expiring in 2027, disputing coverage that cited the $912 million notional as his wager.
- With deregistration, Scion will no longer file public 13F updates, a step that could signal a shift toward managing private or family capital, according to industry reporting on SEC rules.
- Scion reported about $155 million in regulatory assets as of March, and Burry has teased an announcement for November 25 while continuing to warn that AI-related accounting choices could understate future depreciation by roughly $176 billion.