Scion Asset Management

And I want to explain exactly what happened because there's been a lot of confusion about this.

Michael Burry did not simply take Scion Asset Management private.

Scion wasn't publicly traded company, so there was nothing to delist.

And Burry didn't leave private equity either.

Then on November 10, 2025, Cyan Asset Management's registration as an investment advisor was officially terminated.

terminated.

Today, Scion's own website says that Scion Asset Management is no longer providing investment management services.

So the Scion investment operation that outside investors had been following for years effectively came to an end.

The research highlights several super investors stepping in to buy the dip.

Michael Burry's Scion Asset Management, you know, the guy famous for the big short.

He recently bought 100,000 shares of Lululemon.

That is a massive position for him.