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Fidelity Veteran Wins Outstanding Portfolio Manager Award Despite Dumping GameStop Stake

Fidelity Veteran Wins Outstanding Portfolio Manager Award Despite Dumping GameStop Stake
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A Longtime Fidelity Manager Sold GameStop, and Has Some Regrets

A Longtime Fidelity Manager Sold GameStop, and Has Some Regrets
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Fidelity cashes in most of GameStop stake

Fidelity cashes in most of GameStop stake Premium GameStop soared almost eightfold in the last week of January as retail investors spurred on by Reddit forums and Discord chats piled into the stock, causing pain for professional hedge funds who had shorted the video game retailer’s shares. (REUTERS) . Updated: 11 Feb 2021, 01:34 PM IST The Wall Street Journal Firm sold nearly all positions in GameStop last month, ending run as volatile stock’s largest shareholder Share Via Read Full Story Fidelity Investments sold nearly all of its positions in GameStop Corp. last month, just as shares of the videogame retailer were surging.

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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 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.

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