GameStop s top investor during the wild Reddit-fueled trading frenzy has dumped nearly all of its stake
GameStop s top investor during the wild Reddit-fueled trading frenzy has dumped nearly all of its stake
Will DanielFeb 12, 2021, 01:16 IST
A closed GameStop store.Evan Agostini/AP
Fidelity Investments sold all but 87 shares of its
GameStop holdings in January, according to SEC filings.
Fidelity was once the largest shareholder in the video game retailers owning 13% of the company.
The company wasn t the only institutional investor to cash in on the stock as the price surged.
Senvest Management also racked up nearly $700 million in profits on the trade, the Wall Street Journal reported.