"Big Short" Michael Burry is suspected to have canceled his hedging fund Scion Asset Management.

On November 13, according to Investing, the prototype of “The Big Short,” Michael Burry, seems to have deregistered his hedge fund Scion Asset Management with the SEC this week. Burry also hinted at a major announcement on November 25, although it is currently unclear what he is referring to. Burry posted a picture on social media showing that Scion's SEC registration status has been terminated. A letter from Burry to Scion investors dated October 27, outlining the fund's closure, also seems to be circulating on social media, but the authenticity of the letter cannot be immediately verified. The deregistration from the SEC may also indicate that Burry plans to convert Scion into a family office, a type of advisor that does not require SEC registration. Burry also clarified his short positions in Palantir, stating that he spent about $9.2 million buying options on the stock that will not expire until early 2027. BlockBeats previously reported that on November 4, Michael Burry's hedge fund Scion Asset Management disclosed its 13F filing, showing that Michael Burry not only believes there is a bubble in the market but is also taking action to address it. The 13F filing disclosed that 80% of the fund's position is in Nvidia and Palantir put options, with the nominal amount of Palantir put options reaching $912 million (equivalent to 5 million shares), while the nominal amount of Nvidia put options is $186 million.