Michael Burry Deregisters Scion Asset Management as Palantir Bear Bets Dominate 13F, Teases Major November 25 Announcement

According to COINOTAG News (Nov 13), Michael Burry appears to have deregistered his hedge fund Scion Asset Management with the SEC this week, a development that has sparked attention but remains unconfirmed by regulators. He also signaled a notable announcement for November 25, though details are undisclosed.

A social media post shows that Scion Asset Management‘s SEC registration has been terminated; a letter dated October 27 from Michael Burry to investors about the fund’s closure circulated online, though its authenticity cannot be independently verified.

The deregistration could indicate plans to convert Scion Asset Management into a family office, a structure that does not require ongoing SEC registration.

Burry clarified his short on Palantir, noting roughly $9.2 million spent on options that do not expire until early 2027.

The November 4 13F filing showed about 80% of Scion Asset Management‘s holdings in bearish options for Nvidia and Palantir, with Palantir bearish exposure around $912 million (about 5 million shares) and Nvidia about $186 million.

Don't forget to enable notifications for our Twitter account and Telegram channel to stay informed about the latest cryptocurrency news.