BlackRock And Vanguard Have Now Increased Their GameStop Holdings

November 14, 2024

BlackRock and Vanguard have now increased their GameStop holdings according to the latest SEC 13F filings for Q3, barchart reports.

BlackRock’s filing showed a position of 32,241,728 shares in $GME, which is 9,642,309 more than the previous quarter.

This position was worth approximately $739,302,823, per barchart’s estimates.

According to the report, GameStop insiders have traded GME stock on the open market 9 times in the past 6 months.

Of those trades, 1 have been purchases and 8 have been sales.

DANIEL WILLIAM MOORE (PFO and PAO) has traded it 4 times. They made 0 purchases and 4 sales, selling 7,375 shares.
MARK HAYMOND ROBINSON (General Counsel and Secretary) has traded it 4 times. They made 0 purchases and 4 sales, selling 18,447 shares.
LAWRENCE CHENG purchased 4,140 shares.

Which asset management companies have recently purchased shares of GameStop?

Below is a list of the most recent institutions that have increased their holdings in GME stock:

BLACKROCK, INC. added 9,642,309 shares (+42.7%) to their portfolio in Q3 2024
VANGUARD GROUP INC added 7,409,452 shares (+24.9%) to their portfolio in Q3 2024
GEODE CAPITAL MANAGEMENT, LLC added 1,852,088 shares (+41.8%) to their portfolio in Q3 2024
CITADEL ADVISORS LLC added 1,830,940 shares (+2334.2%) to their portfolio in Q2 2024
JANE STREET GROUP, LLC added 1,752,231 shares (+1519.0%) to their portfolio in Q2 2024
DIMENSIONAL FUND ADVISORS LP added 883,572 shares (+439.5%) to their portfolio in Q3 2024
NORTHERN TRUST CORP added 679,423 shares (+37.1%) to their portfolio in Q3 2024

Fidelity recently gave GME a ‘bullish’ rating of 7.1 following the company’s sustained gains of more than 33% this year-to-date and reported profits.

A total of 6 independent firm opinions contributed to its rating.

While analysts rating’s are subject to change at any time, the latest GME rating is sparking hope in retail investors who have been holding shares since it’s major rally in 2021.

As of November 3, Fidelity’s GME analyst rating is considered ‘bullish’, scoring 7.1 out of 10.

In September, GameStop reported that it had a whopping $4 billion of cash on hand, breaking record from any other year.

The increase in reported cash on hand has grown significantly since 2020 when the retailer’s lowest reporting was only $500 million, per MacroTrends.

This equates to an impressive 251.9% increase year-over-year.

Cash on hand can be defined as cash deposits at financial institutions that can immediately be withdrawn at any time, and investments maturing in one year or less that are highly liquid and therefore regarded as cash equivalents and reported with or near cash line items.

This year, GameStop has announced a number of exciting developments, including it’s latest partnership with PSA, the world’s largest and most trusted trading card authentication grading services, as well as its new classic retro stores.

Another significant chain of events includes the number of institutional buyers that have stepped in earlier this year.

Algert Global LLC has recently acquired a new position in GameStop Corp. (NYSE:GME) during the second quarter, according to its latest filing with the Securities and Exchange Commission (SEC).

The institutional investor purchased 40,626 shares of GameStop, valued at approximately $1,003,000.

Other institutional investors and hedge funds have also made adjustments to their stakes in GameStop.

Cubist Systematic Strategies LLC bought a new position in the company during the second quarter, valued at around $9,577,000.

Renaissance Technologies LLC increased its holdings in GameStop by 34.0%, now owning 1,347,136 shares worth $33,261,000 after acquiring an additional 342,178 shares.

Van ECK Associates Corp raised its stake by 14.2%, bringing its total to 1,689,052 shares valued at $41,702,000 after purchasing an additional 209,861 shares.

Additionally, Tidal Investments LLC significantly increased its stake by 659.6% in the first quarter, now owning 139,723 shares valued at $1,749,000 after acquiring 121,328 more shares.

GameStop is currently trading at $27.37 and is up more than 28% in the past trading month at the time of this writing.

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