In a surprising move, the phrase Michael Burry Scion Asset Management grew central to market chatter this week when legendary investor Michael Burry officially deregistered his firm, Scion Asset Management, from the U.S. Securities and Exchange Commission (SEC) as of November 10, 2025. The move signals a significant shift in how Burry will conduct his investing business.
Bold Shift: The Key Developments
Here’s a breakdown of the major changes related to Michael Burry Scion Asset Management:
- Scion’s registration termination with the SEC became effective November 10, 2025.
- As of its most-recent filing (March 2025), Scion managed approximately $155 million across four accounts.
- Burry took to social media on X (formerly Twitter) stating: “On to much better things Nov 25th.”
- The deregistration suggests Scion may transition into a family-office model, managing primarily Burry’s own capital rather than outside client funds.
- Burry clarified recent rumors regarding his short position in Palantir Technologies: the actual exposure was about $9.2 million, not $912 million as some reports claimed.
What’s Behind the Move?
In his investor letter dated October 27, Burry explained that his valuation assumptions “are not now, and have not been for some time, in sync with the markets.” Simply put: he believes the broader market’s pricing of assets diverges significantly from his internal analysis.
His recent public comments also show he has concerns about overvaluations in the tech and AI sectors. For instance, Burry has flagged companies like Nvidia Corporation and Palantir for allegedly under-reporting depreciation and inflating profits through aggressive accounting.
The deregistration means Scion no longer has to file detailed public disclosures with the SEC or state regulators, which grants Burry significantly more discretion in how he invests going forward.
Timeline of Events
| Date | Event | Implication |
|---|---|---|
| October 27 | Burry issues investor letter indicating liquidation of external funds. | Signals shift in strategy. |
| November 10 | Scion Asset Management’s registration with SEC terminates. | Ends public reporting requirement. |
| November 13 | News outlets widely publish the deregistration and Burry’s commentary. | Recognition of the change. |
| November 25 (future) | Burry hints at “much better things” to come. | Anticipation builds around next move. |
Why It Matters to Investors and Markets
This development around Michael Burry Scion Asset Management matters for several reasons:
- Reduced Transparency: With Scion deregistered, external followers lose routine visibility into the firm’s holdings via 13F filings. This raises questions for anyone who used that information for market signals.
- Changing Strategy: Burry’s decision underlines that he believes the market is diverging from fundamental valuation norms. That signals caution—particularly for high-flying sectors like AI and tech that he recently criticized.
- Market Sentiment Impact: Because Burry was once one of the more prominent “contrarian” voices (famously betting against the subprime housing market), his transition away from managing external money may shift how his views are used by other investors.
- Speculation on New Venture: The teaser about November 25 has stirred speculation—whether new fund launch, a different asset class focus, or alternative investment vehicle—but for now it remains cryptic.
What This Means for Scion’s Former Clients
For investors who previously had assets managed by Scion Asset Management under Burry’s guidance, the practical consequences are clear:
- Investors should anticipate full liquidation and return of capital by year-end per Burry’s letter.
- The change means external clients will no longer have an ongoing relationship with the firm in its prior form.
- Burry’s future ventures may be more focused on his own capital or a redesigned vehicle, not a traditional registered hedge fund structure.
Bottom Line
The scenario with Michael Burry Scion Asset Management marks a turning point in one of Wall Street’s most closely watched investment stories. The firm’s deregistration reflects Burry’s belief that his investing framework no longer aligns with current market pricing. As the buzz builds toward November 25, market participants should stay alert—but also aware that with Scion gone from public oversight, the lines of visibility are changing.
What do you think the next move will be for Michael Burry and Scion Asset Management? Feel free to comment below and join the conversation.