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Youtubers life 2 gamestop6/12/2023 'That money will go such a long way for my family,' he said. 'I was so happy to visit my family in Brockton for the holidays and give them the great news-we were millionaires,' he said.īut he said they had an 'incredibly difficult 2020' with the loss of his sister. Gill said when the value of the stock broke $20 a share, he knew it would be a success. Political Editor For and Harriet Alexander For Maxine Waters says hearings will probe 'whether or not there was collusion'īy Geoff Earle, Deputy U.S. GameStop's share price is currently $45.94: it was $483 at one point last month.CEO of Reddit, financier Gabe Plotkin and a former regulator will also appear.Keith Gill, better known as Roaring Kitty, will deny he manipulated investors.Griffin said his company had 'no role' in decision to suspend trading.Ken Griffin, billionaire CEO of hedge fund Citadel, will back his calls.I apologize,' said Tenev while discussing how his firm responded to the swarm of trades Robinhood CEO Vlad Tenev, 34, called for a change in the trading rules.They will hear from key players involved in last month's GameStop frenzy.The House Committee on Financial Services will hold a hearing on Thursday.As a result, they don't always paint a full and accurate picture of a firm's investments.'I am not a cat, nor am I a hedge fund.' YouTube investment star Roaring Kitty defends himself in front of Congress as Robinhood and hedge fund titan Ken Griffin are questioned on Gamestop frenzy They also exclude non-stock assets, private and overseas investments, and shares sold short. It's worth emphasizing that quarterly portfolio updates only provide a snapshot of a fund's holdings on a particular day. Notably, the firm slashed its Apple stake by more than 99%, from 7.1 million shares worth $922 million on December 31, to fewer than 10,000 shares worth $1.6 million three months later. The top holdings in RenTech's $75 billion stock portfolio at the end of March included Novo-Nordisk ($1.7 billion), Amazon ($930 million), and Airbnb ($753 million). Its US stock portfolio was valued at $16.4 billion in total, down from $18.3 billion three months earlier. As a result, it may have sold its BBBY position well before the retailer's collapse.īridgewater's biggest single-stock positions at the end of March included Procter & Gamble ($735 million), Johnson & Johnson ($556 million), and more than $500 million worth of both Coca-Cola and PepsiCo shares. RenTech is a quantitative hedge fund that constantly moves in and out of positions, and relies on algorithms to determine many of its trades. The company filed for bankruptcy in April, and its stock was delisted earlier this month. But it plunged below $1 by February of this year, as the homeware retailer's problems mounted. It bought nearly 1.8 million shares of BBBY - a stake worth $749,000 at the end of March.īBBY's stock price surged to over $35 at the height of the meme-stock boom in January 2021. Simons' fund also pounced on a meme stock last quarter. It first invested in Musk's automaker in 2013, and owned the equivalent of 59 million shares in 2019 - a position worth about $10 billion today. Notably, RenTech supercharged its Tesla bet in the fourth quarter of last year, growing it from 1,400 shares to 3.4 million. The purchases, coupled with a sharp surge in the electric-vehicle maker's stock price, lifted the value of RenTech's stake by 99% to $835 million as of March 31. RenTech - founded by former MIT math professor and Cold War codebreaker Jim Simons - ramped up its bet on Elon Musk's Tesla by 18% to 4 million shares last quarter.
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