Michael Burry, the investor known for predicting the 2008 financial crisis, appeared to have de-registered his hedge fund, Scion Asset Management, from the U.S. Securities and Exchange Commission this week.
Burry also hinted at a major announcement coming on November 25, although he did not specify what it would involve.
He posted an image on social media showing that Scion’s SEC registration had been terminated. A letter dated October 27, which outlined the fund’s closure and was addressed to Scion investors, also circulated online.
Deregistering the firm could signal Burry’s intention to shift Scion into a family office structure, which does not require SEC registration.
Burry also clarified details around his short position against Palantir. He said he spent about $9.2 million on options that expire in early 2027.
“These contracts let me sell PLTR at $50 in 2027,” he wrote, noting that the options give him the right to sell about 5 million shares.
Earlier reports highlighted only the notional value of his Palantir bet, which stood at $912 million, creating confusion about the size of the actual investment.
Burry did not provide updates on his position against Nvidia. Recent Scion filings showed he bought put options representing 1 million shares of the AI chipmaker, with a notional value of $186.6 million.
Burry, widely recognized for calling the subprime mortgage crisis, has returned to social media in recent weeks. He issued a cryptic warning about a developing market bubble and criticized large tech and cloud companies for allegedly underreporting depreciation on their computing hardware, particularly chips.
