Can't post images but here's his letter to investors in the fund.
"SCION ASSET MANAGEMENT®, LLC
October 27, 2025
Dear Investors,
With a heavy heart, I will liquidate the funds and return capital but for a small audit/tax holdback by year’s end.
My estimation of value in securities is not now, and has not been for some time, in sync with the markets.
With heartfelt thanks, but also with apologies, I wish you well in your future investments.
I do suggest investors contact my associate PM Phil Clifton regarding his coming endeavors. He can be reached at removed and at removed.
Phil is a tremendous young talent in the field of investment and the most prodigious thinker I have ever encountered.
Sincerely,
Michael Burry
Portfolio Manager"
Source:
SEC confirming termination status: https://adviserinfo.sec.gov/firm/summary/167772
https://x.com/sailaunderscore/status/1988767768519311670/photo/1
Michael Burry is shutting down Scion Asset Management
byu/OnionPersonal2632 ininvesting
Posted by OnionPersonal2632
17 Comments
Thanks for the letter (if real). It appears he’s launching something on November 25th.
Those premiums were too high after all 🙁
The guy got lucky one time and never again
I guess it’s time to short the market.
That’s a weird date, considering he made several public statements after October 27 still full of bombastic certainties.
I would wait and see if this is real or some random Twitter image.
Scion is a family office.
Burry has an advisory relationship with clients but he doesn’t manage other people’s money anymore.
Just his own.
I made a post on WSB but it’s too spicy for the mods and they deleted it.
[https://www.reddit.com/r/wallstreetbets/comments/1ovoj77/michael_burry_calling_it_quits/?utm_source=share&utm_medium=web3x&utm_name=web3xcss&utm_term=1&utm_content=share_button](https://www.reddit.com/r/wallstreetbets/comments/1ovoj77/michael_burry_calling_it_quits/?utm_source=share&utm_medium=web3x&utm_name=web3xcss&utm_term=1&utm_content=share_button)
I guess he doubled down on the big tech / AI shorts and got crushed by the snap back?
Well ya see, BEFORE 2008, it was different people who printed the money and who created financial crises. That is no longer the case.
Talk about exit liquidity. Fuckin guy trying to give me a heart attack.
I really wish he would leave the average person alone with his posts. I don’t think he’s done yet.
*nasdaq futures rise*
Again?
Now we can keep mooning.
So he shorted and was massively wrong and then quit?
THE TOP OF THE MARKET IS HERE!!
Is this the signal that top is in?
Anybody reading that letter as Christian Bale while imagining that last scene where he’s writing those emails?