Benzinga·2025-11-13 09:08Group 1: Michael Burry and Scion Asset Management - Michael Burry has de-registered his hedge fund, Scion Asset Management, LLC, which gained fame for its prescient bet against the 2008 housing market and recent bearish positions on Palantir Technologies Inc. and Nvidia Corp [1][2] - The SEC's Investment Adviser Public Disclosure confirms that Scion's registration was officially terminated on November 10, 2025 [2] - The shutdown process began with Burry notifying investors on October 27, stating he would liquidate the funds and return capital by the year's end [3] Group 2: 13F Filing and Bearish Positions - Scion's final mandatory 13F filing occurred on November 3, detailing third-quarter holdings, which included a significant put option on Palantir valued at $912 million [4][5] - Burry clarified that he spent $9.2 million on the options, not the reported $912 million notional value [5] - By terminating his SEC registration, Burry is no longer required to file public 13Fs, indicating a potential shift to a private "family office" structure [6] Group 3: Market Context - The S&P 500 is nearing the 7,000 mark, with its last 52-week high at 6,920.34 points, closing at 6,850.92, just 150 points away from the milestone [7] - The SPDR S&P 500 ETF Trust closed up 0.056% at $683.38, while the Invesco QQQ Trust ETF declined 0.24% to $621.08 [8]