GameStop Stock: These Key Hedge Funds Are Betting Against It

TheStreet2021-12-22

Short sellers are constantly targeting GameStop shares. Here are the top three hedge funds betting against GME. After a painful drop since their peak on November 22, GameStop GME shares have finally ...

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ORNEGU
2021-12-22
ORNEGU
up
Shibaa Inuu
2021-12-22
Shibaa Inuu
Ok
Unknown934
2021-12-22
Unknown934
Wow
KTX
2021-12-22
KTX
Like pls
PehKY
2021-12-22
PehKY
Ok
SP1980
2021-12-22
SP1980
Gogogo
- SP1980:
  gogogo

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Here are the top three hedge funds betting against GME.\nAfter a painful drop since their peak on November 22, GameStop GME shares have finally ...</p>\n\n<a href=\"https://www.thestreet.com/memestocks/gme/top-3-hedge-funds-betting-against-gamestop-stock\">Source Link</a>\n\n</div>\n","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>GameStop Stock: These Key Hedge Funds Are Betting Against It</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGameStop Stock: These Key Hedge Funds Are Betting Against It\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-12-22 07:36 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.thestreet.com/memestocks/gme/top-3-hedge-funds-betting-against-gamestop-stock><strong>TheStreet</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Short sellers are constantly targeting GameStop shares. Here are the top three hedge funds betting against GME.\nAfter a painful drop since their peak on November 22, GameStop GME shares have finally ...</p>\n\n<a href=\"https://www.thestreet.com/memestocks/gme/top-3-hedge-funds-betting-against-gamestop-stock\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"GME","symbol_name":"游戏驿站","start_time":0,"source_url":"https://www.thestreet.com/memestocks/gme/top-3-hedge-funds-betting-against-gamestop-stock","article_id":"1144524414","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1144524414","pubTimestamp":1640129774,"columns":[],"sourceInfo":null,"weMediaInfo":null,"summary":"Short sellers are constantly targeting GameStop shares. Here are the top three hedge funds betting a","collect":0,"end_time":0,"defaultTopTitle":"thestreet.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"GME":"游戏驿站"},"translate_title":"游戏驿站股票：这些主要对冲基金都在做空","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"GME":0.9},"content_text":"Short sellers are constantly targeting GameStop shares. Here are the top three hedge funds betting against GME.\nAfter a painful drop since their peak on November 22, GameStop GME shares have finally found their way up again, trading 13% higher in the past week. Still, as GME shareholders -- AKA the \"Ape Army\" -- hold on for bigger gains, some hedge funds continue to short the stock.\nFigure 1: GameStop store.\nRead on as we count down three large hedge funds currently battling the Ape Army over GameStop shares.\n#3: Hound Partners LLC\nThis New York-based hedge fund currently manages around $3.2 billion in assets for 13 clients.The fund has 209,100 put options on GME shares, which accounts for nearly 2% of the Hound Partners portfolio.\nSince entering its GME position in the first quarter of 2021 -- right after the stock's huge rally -- the fund has liquidated 28,800 put options from its original position (237,900 put options). The hedge fund’s biggest positions are currently Vanguard S&P 500 ETF VOO and Microsoft MSFT, which account for 15% and 7% of the portfolio, respectively.\n#2. Twin Tree Management LP\nThis fund from Dallas, Texas has $3.8 billion of assets under management and started to bet against GameStop stock as recently as Q3 of the current year.The fund has 253,700 put options on GME, at a market value of $44.5 million. This figure represents a small portion of less than 1% of Twin Tree’s assets.\nInteresting to note, nearly 20% of the portfolio's AUM are placed on a bet against the SPDR S&P 500 ETF Trust via put options — although the fund also has 7% allocated to SPY calls.\n#1. Prelude Capital Management LLC\nBased in New York, Prelude Capital currently has nine clients and $8.1 billion in assets under management. The hedge fund has a short-selling bias, and the top three positions in its portfolio are Chesapeake Energy CHK puts (10%), SPDR S&P 500 ETF Trust SPY puts (9%), and Tesla TSLA puts (6%).\nPrelude Capital has 2% of its portfolio in GameStop puts. This accounts for 469,700 put options at a market value north of $82 million. The company has liquidated 308,200 GME put options since it first opened the position in the second quarter of 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