CITADEL ADVISORS LLC increased its holdings of GameStop stock ($GME) by 25.72% in the third quarter, according to a new SEC 13F filing.
The filing showed a position of 2,400,543 shares in $GME, which is 491,164 more than the previous quarter. This position was worth approximately $55,044,450, per our estimates.
GameStop Hedge Fund Activity
We have seen 155 institutional investors add shares of GameStop stock to their portfolio, and 111 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- BLACKROCK, INC. added 9,642,309 shares (+42.7%) to their portfolio in Q3 2024
- VANGUARD GROUP INC added 7,409,452 shares (+24.9%) to their portfolio in Q3 2024
- STATE STREET CORP added 3,070,571 shares (+38.0%) to their portfolio in Q3 2024
- GEODE CAPITAL MANAGEMENT, LLC added 1,852,088 shares (+41.8%) to their portfolio in Q3 2024
- JANE STREET GROUP, LLC removed 1,750,186 shares (-93.7%) from their portfolio in Q3 2024
- SUSQUEHANNA INTERNATIONAL GROUP, LLP added 1,577,852 shares (+158.1%) to their portfolio in Q3 2024
- DIMENSIONAL FUND ADVISORS LP added 883,572 shares (+439.5%) to their portfolio in Q3 2024
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
GameStop Insider Trading Activity
GameStop insiders have traded $GME stock on the open market 9 times in the past 6 months. Of those trades, 1 have been purchases and 8 have been sales.
Here’s a breakdown of recent trading of $GME stock by insiders over the last 6 months:
- DANIEL WILLIAM MOORE (PFO and PAO) has traded it 4 times. They made 0 purchases and 4 sales, selling 7,375 shares.
- MARK HAYMOND ROBINSON (General Counsel and Secretary) has traded it 4 times. They made 0 purchases and 4 sales, selling 18,447 shares.
- LAWRENCE CHENG purchased 4,140 shares.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
Background on $GME Stock
GameStop Corp. (GME) is a retail company that primarily operates in the video game and consumer electronics industry. Founded in 1984, it is known for selling new and pre-owned video games, gaming consoles, and accessories, catering to both avid gamers and casual players. In addition to physical stores, GameStop has an online presence, allowing customers to purchase products through its website. Over the years, the company has expanded its offerings to include collectibles and gaming-related merchandise. GameStop gained significant attention in early 2021 due to a surge in its stock price driven by retail investors, particularly from the Reddit community, which sparked discussions about market dynamics and the influence of social media on trading. This phenomenon highlighted the company's evolving role not just as a retailer, but also as a symbol of the changing landscape in stock trading and investment.
This article is not financial advice. See Quiver Quantitative's disclaimers for more information.
