Michael Burry, the enigmatic investor immortalized in The Big Short, has once again sent shockwaves through the financial world. This week, Burry officially shut down his hedge fund, Scion Asset Management, and hinted at a mysterious new venture—leaving investors and market watchers scrambling to decode his next play.
Scion Asset Management: Closed for Business
On November 10, 2025, Scion Asset Management terminated its SEC registration, effectively closing the fund Burry used to make his legendary bets against the housing market in 2008 and, more recently, high-flying tech stocks. The move was confirmed in regulatory filings and quickly picked up by financial media.
Burry, never one for subtlety, teased on social media that he was moving on to "much better things," with a cryptic promise of more details coming November 25. The abrupt closure has fueled speculation about what the famously contrarian investor is planning next.
Bearish Bets and Bold Predictions
Burry's exit from Scion comes on the heels of several headline-grabbing trades. In recent weeks, he revealed significant bearish positions against tech giants like
Nvidia and
Palantir, both darlings of the artificial intelligence boom. His disclosure of puts (options betting on a price drop) on these stocks rattled markets, with Nvidia shares dropping
4% after his position became public.
Burry has also accused major cloud computing companies—so-called "hyperscalers" like Google—of accounting fraud, specifically by manipulating the useful life of their computing assets to inflate profits. These claims, delivered via his typically cryptic social media posts, have added to the sense of unease among tech investors.
Social Media: Cryptic Clues and Market Jitters
After a nearly two-year hiatus, Burry returned to X (formerly Twitter) in late October, warning of a bubble in AI and tech stocks. He posted,
"Sometimes, the only winning move is not to play," and drew parallels to the telecom bust of the early 2000s. His posts have become must-read material for traders looking for clues about his next move.
Despite his reputation, Burry's recent track record is mixed. While he famously called the 2008 crash, some of his subsequent bets have misfired, and critics argue that his influence is sometimes overstated. Still, his warnings and trades continue to move markets—if only for their psychological impact.
What’s Next for the “Big Short” Investor?
Burry’s promise of “much better things” coming on November 25 has set the rumor mill spinning. Will he launch a new fund? Pivot to private investments? Or is he planning something entirely different outside of traditional finance? For now, Burry is keeping his cards close to his chest.
One thing is clear: when Michael Burry makes a move, Wall Street pays attention. Whether his latest exit signals a new era or just another chapter in his unpredictable career, investors will be watching closely for his next big reveal.
Sources
1. Michael Burry Shuts Down Scion Fund, Teases New Venture
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