{"id":13620,"date":"2025-02-18T07:46:08","date_gmt":"2025-02-18T07:46:08","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=13620"},"modified":"2025-02-18T07:46:08","modified_gmt":"2025-02-18T07:46:08","slug":"ahead-of-gamestops-bitcoin-purchase-plans-blackrock-morgan-stanley-goldman-sachs-and-other-billion-dollar-funds-load-up-on-gme-stock-in-q4","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=13620","title":{"rendered":"Ahead Of GameStop&#8217;s Bitcoin Purchase Plans, BlackRock, Morgan Stanley, Goldman Sachs, And Other Billion Dollar Funds Load Up On GME Stock In Q4"},"content":{"rendered":"<div>\n<p>Big billion-dollar funds increased their stakes in <strong>GameStop Corp.<\/strong> (NYSE:<a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/stock\/GME#NYSE\">GME<\/a>) 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 <a href=\"https:\/\/www.benzinga.com\/general\/gaming\/25\/02\/43715293\/gamestop-stock-jumps-on-report-its-considering-bitcoin-crypto-investments\">recent reports<\/a> suggest the video game retailer is planning to buy <strong>Bitcoin<\/strong> (CRYPTO: <a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/btc\/usd\">BTC<\/a>) and other cryptocurrencies.<\/p>\n<p><strong>What Happened:<\/strong> 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.<\/p>\n<ul>\n<li>As of the fourth quarter 13F filings, about 143 million shares of GME valued at $4.5 billion were held by 356 funds.<\/li>\n<li>UBS Group AG increased its stake in the company by 1635% during the fourth quarter.<\/li>\n<li><strong>Ken Griffin<\/strong>\u2018s Citadel Advisors added 52%, whereas BlackRock just added 8%, valuing its total stake in the company at $1.091 billion<\/li>\n<li>Renaissance Technologies and JPMorgan Chase reduced their stakes by 57% and 56%, respectively.<\/li>\n<\/ul>\n<p><figure class=\"wp-block-table is-style-stripes\"><\/p>\n<table>\n<tbody>\n<tr>\n<td><strong>Funds<\/strong><\/td>\n<td><strong>Holdings (as of Sept. 30)<\/strong><\/td>\n<td><strong>Holdings (as of Dec. 31)<\/strong><\/td>\n<td><strong>Change (in %)<\/strong><\/td>\n<td><strong>Value As Of Dec. 31<\/strong><\/td>\n<\/tr>\n<tr>\n<td>UBS Group AG<\/td>\n<td>183,949<\/td>\n<td>3,190,980<\/td>\n<td>1635%<\/td>\n<td>$100 million<\/td>\n<\/tr>\n<tr>\n<td>Citadel Advisors LLC<\/td>\n<td>2,400,543<\/td>\n<td>3,658,769<\/td>\n<td>52%<\/td>\n<td>$114.665 million<\/td>\n<\/tr>\n<tr>\n<td>BlackRock &#8230;<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/figure>\n<p><a href=\"https:\/\/www.benzinga.com\/general\/market-summary\/25\/02\/43773441\/ahead-of-gamestops-bitcoin-purchase-plans-blackrock-morgan-stanley-goldman-sachs-and-other\" alt=\"Ahead\" of gamestop bitcoin purchase plans blackrock morgan stanley goldman sachs and other billion dollar funds load up on gme stock in q4>Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>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 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-13620","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/13620","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=13620"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/13620\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=13620"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=13620"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=13620"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}