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What percentage of GME is owned by retail investors?
As reported by Yahoo Finance, the company currently has a float of 56 million shares. Of the total, 36\% is owned by the public, 45\% by institutions and 19\% by insiders — the latter includes the company’s officers, directors, and those with access to non-public company information.
How does GME affect hedge funds?
Hedge funds commonly employ a tactic called “short selling,” which makes them money when a stock’s price falls. Retail investors targeted shares in GameStop and other companies heavily shorted by Wall Street in recent weeks — driving up the stock price and causing staggering losses in some hedge funds.
How much are hedge funds losing on GME?
Total hedge fund losses from betting against this pack of stocks amount to $6 billion since the start of May, the FT said, citing data from Ortex Analytics.
Who holds the most GME stock?
Top 10 Owners of GameStop Corp
| Stockholder | Stake | Shares owned |
|---|---|---|
| The Vanguard Group, Inc. | 7.65\% | 5,849,038 |
| BlackRock Fund Advisors | 6.19\% | 4,735,324 |
| SSgA Funds Management, Inc. | 2.10\% | 1,604,569 |
| Geode Capital Management LLC | 0.98\% | 752,985 |
Who owns most GME stock?
Looking at our data, we can see that the largest shareholder is Ryan Cohen with 12\% of shares outstanding. The Vanguard Group, Inc. is the second largest shareholder owning 8.0\% of common stock, and BlackRock, Inc. holds about 6.2\% of the company stock.
Who lost money GameStop?
Two big hedge funds, Melvin Capital and Citron Research, are thought to have been the most exposed. The former is believed to have lost around 30\% of its $12.5 billion under management already this year on a series of shorts, which includes GameStop.
How much will Wall Street lose on GME?
Short-sellers with a bearish position in GME were on track to lose more than $7.8 billion today , according to research from S3 Partners. Ihor Dusaniwsky, the managing director of predictive analytics for S3, said in a tweet that GameStop short-sellers have recorded nearly $20 billion in losses so far in 2021.
Who can beat the market?
Highly regarded economists have shown that a portfolio of randomly chosen stocks can perform as well as a carefully assembled one. Yes, you may be able to beat the market, but with investment fees, taxes, and human emotion working against you, you’re more likely to do so through luck than skill.