Michael Burry, the investor who gained fame predicting the 2008 housing crash and who was prominently featured in the book and movie ‘The Big Short’, has deregistered his hedge fund Scion Asset Management, effectively ending its external fund management. The move, filed with the SEC on November 10, 2025, signals a significant shift in strategy for the famed contrarian investor.
Burry, who made billions betting against the housing market in 2008, has been vocal about his concerns over tech and AI stock valuations. In a post on platform X (formerly Twitter), he wrote: “On to much better things Nov 25th.” This cryptic message has fueled speculation about a new investment vehicle or pivot in focus.
Scion’s most recent filings showed around $155 million in assets under management. Deregistration means Burry is no longer required to publicly disclose his holdings, removing a key signal that many traders and investors watch closely.
Recently, Burry had taken notable positions in tech companies, including large put options on Nvidia (NVDA) and Palantir (PLTR), betting on potential declines in these high-profile stocks. He has also criticized major AI and tech firms for underreporting infrastructure depreciation, suggesting that some valuations are disconnected from underlying fundamentals.
Market watchers see Burry’s move as a critique of current public markets, particularly in tech and AI. Analysts say it may indicate a broader trend of contrarian investors retreating from high-growth sectors where valuations are driven more by narratives than fundamentals.
While details about his next steps remain unclear, Burry’s reference to November 25 has sparked speculation that he may launch a new fund or family office, potentially focusing on alternative assets such as farmland, water rights, or precious metals rather than public equities.
In a related development, Michael Burry also launched Scion Life Sciences in February 2025, a new investment vehicle focused on early-stage biotech startups. While separate from Scion Asset Management, the firm shares Burry’s contrarian investment philosophy and emphasizes long-term value creation in niche, high-potential sectors.
Analysts view Scion Life Sciences as a natural extension of Burry’s shift away from traditional public equities, allowing him to deploy capital in specialized areas like biotech, where market narratives are less dominant and fundamentals drive returns.
For investors, entrepreneurs, and market observers, the move underscores the importance of strategy flexibility and valuation awareness. Even highly successful investors like Burry are pivoting away from markets that no longer align with their investment philosophy.
Michael Burry’s deregistration of Scion Asset Management marks the end of an era in public fund management for the ‘Big Short’ investor, while hinting at a new chapter that could reshape his approach to tech, AI, and alternative assets.
