Big Index Funds Big Holders Of GameStop GME Stock
GameStop's financial future isn't all that bright. It's rated "underperform" by analysts following the stock on average. But it's still a member of the S&P Small Cap 600 index and Russell 2000. As a result, large index small-cap funds and ETFs are forced to own it. That's looking smart now.
Fidelity FMR is the top holder of GameStop shares. It owns 9.5 million shares, through September, or nearly 14% of shares outstanding. Adding that up and Fidelity hauled in a nearly $3 billion gain just this year for its investors.
Similarly, BlackRock scored $2.6 billion and Vanguard $1.6 billion, as they own 12.3% and 7.6% of GameStop, respectively.
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Nine Biggest Winners:
Holder Common Shares Held (Millions) % Of Company's Shares Outstanding Owned Gain ($ Billions)* Position Date Update
FMR (Fidelity Investments) 9.5 13.7% $2.9 Sep-30-2020
Ryan Cohen 9.0 12.9 2.8 Jan-10-2021
BlackRock 8.6 12.3 2.6 Sep-30-2020
Vanguard Group 5.3 7.6 1.6 Sep-30-2020
Susquehanna International Group 4.4 6.3 1.3 Sep-30-2020
Dimensional Fund Advisors 3.9 5.7 1.2 Sep-30-2020
Senvest Management 3.6 5.2 1.1 Oct-07-2020
Donald A. Foss 3.5 5.0 1.1 Feb-28-2020
MUST Asset Management 3.3 4.7 1.0
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https://www.investors.com/etfs-and-f...stock-squeeze/
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