Overview
- SEC records list Scion Asset Management’s registration as terminated effective November 10, ending its status as an SEC-registered adviser.
- Scion’s final Q3 13F, a backward-looking snapshot as of September 30, showed large notional put exposures tied to Palantir and Nvidia that were widely misread as cash outlays.
- Burry said he bought 50,000 Palantir put contracts at a $1.84 premium per share with a $50 strike expiring in 2027, totaling roughly $9.2 million in premium.
- He posted that he is "on to much better things" on November 25, as reports indicate he may return outside capital or shift to a family-office setup that does not require public filings.
- He has warned of an AI valuation bubble and accused hyperscalers of stretching depreciation schedules, estimating about $176 billion of understated depreciation from 2026 to 2028, while trading barbs with Palantir’s CEO after the bets became public.