Overview
- SEC adviser records show Scion Asset Management’s registration was terminated effective Nov. 10, removing requirements for future SEC or state filings, including 13F reports.
- After headlines highlighted a $912 million notional put on Palantir, Burry said on X that he paid about $9.2 million in premiums, underscoring how 13F notionals can mislead on actual cash at risk.
- Scion’s Q3 13F disclosed bearish put positions tied to Palantir (~$912 million notional) and Nvidia (~$187 million), drawing market attention and a public exchange with Palantir CEO Alex Karp.
- Burry has warned that AI-linked valuations look inflated and accused large tech firms of extending depreciation schedules to boost earnings, estimating about $176 billion of understatement in 2026–2028.
- He teased a Nov. 25 announcement on X, while media reports note speculation about a potential shift to a family-office model and an investor letter about liquidating by year-end remains unverified.