Overview
- Scion’s 13F lists put options on roughly 5 million Palantir shares ($912 million notional) and 1 million Nvidia shares ($187 million), totaling about 80% of its disclosed U.S. equity holdings as of Sept. 30.
- Palantir stock fell as much as about 10% following its results and the filing’s release, while Nvidia slipped up to roughly 3% in early Tuesday trading.
- Palantir CEO Alex Karp criticized the move on CNBC, calling the idea of shorting Palantir and Nvidia “batsh— crazy.”
- The Q3 filing dropped the hedging caveat Scion used in Q1, yet 13F reports only long positions and do not reveal strikes, expirations, or any offsetting trades that could change the trade’s intent.
- Days before the filing surfaced, Burry warned on X about market bubbles and shared charts on AI capex and financing links; Scion had previously disclosed Nvidia puts in Q1 2025.