Ahead Of GameStop’s Bitcoin Purchase Plans, BlackRock, Morgan Stanley, Goldman Sachs, And Other Billion Dollar Funds Load Up On GME Stock In Q4
Posted On February 18, 2025
Big billion-dollar funds increased their stakes in GameStop Corp. (NYSE:GME) during the fourth quarter of 2024, following a third quarter in which it held $4.616 billion in cash and cash equivalents. This comes as recent reports suggest the video game retailer is planning to buy Bitcoin (CRYPTO: BTC) and other cryptocurrencies.
What Happened: GameStop, which has $4.616 billion in cash and cash equivalents, according to its third quarter 10-Q filing was added to the portfolios of many large funds.
- As of the fourth quarter 13F filings, about 143 million shares of GME valued at $4.5 billion were held by 356 funds.
- UBS Group AG increased its stake in the company by 1635% during the fourth quarter.
- Ken Griffin‘s Citadel Advisors added 52%, whereas BlackRock just added 8%, valuing its total stake in the company at $1.091 billion
- Renaissance Technologies and JPMorgan Chase reduced their stakes by 57% and 56%, respectively.
| Funds | Holdings (as of Sept. 30) | Holdings (as of Dec. 31) | Change (in %) | Value As Of Dec. 31 |
| UBS Group AG | 183,949 | 3,190,980 | 1635% | $100 million |
| Citadel Advisors LLC | 2,400,543 | 3,658,769 | 52% | $114.665 million |
| BlackRock … |
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