As of May 2020, the largest shareholder of GameStop was Ryan Cohen with 12.9% ownership of the company. Cohen is the co-founder of Chewy and was a key figure in taking the online pet retailer public. He joined GameStop’s board in February 2020.
The second largest shareholder is Melvin Capital Management, a hedge fund run by Gabe Plotkin. Melvin Capital held 9.4% of GameStop as of May 2020. The third largest shareholder is BlackRock, Inc. (BLK), the world’s largest asset manager. As of May 2020, BlackRock held 7.2% of GameStop shares.
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The fourth largest shareholder is Vornado Realty Trust (VNO), a real estate investment trust that owns, operates, and invests in office buildings and retail space. As of May 2020, Vornado held 5.8% of GameStop shares. The fifth largest shareholder is Ryan J. Cohen, co-founder of Chewy.com. As of May 2020, Cohen held 5.4% of GameStop shares.
It’s important to note that individual investors now make up a large portion of GameStop’s shareholder base after the stock surged in late January 2021. For example, Reddit users from the WallStreetBets subreddit were key players in driving up the stock price. As of February 1, 2021, it’s estimated that individual investors own around 35% of GameStop shares.
Who are the largest shareholders of GameStop and what do they own?
As of May 2020, the largest shareholder of GameStop was Ryan Cohen with 12.9% ownership of the company. Cohen is the co-founder of Chewy and was a key figure in taking the online pet retailer public. He joined GameStop’s board in February 2020. The second largest shareholder is Melvin Capital Management, a hedge fund run by Gabe Plotkin. Melvin Capital held 9.4% of GameStop as of May 2020. The third largest shareholder is BlackRock, Inc. (BLK), the world’s largest asset manager. As of May 2020, BlackRock held 7.2% of GameStop shares.
The fourth largest shareholder is Vornado Realty Trust (VNO), a real estate investment trust that owns, operates, and invests in office buildings and retail space. As of May 2020, Vornado held 5.8% of GameStop shares. The fifth largest shareholder is Ryan J. Cohen, co-founder of Chewy.com. As of May 2020, Cohen held 5.4% of GameStop shares.
What is their motivation for investing in GameStop and why haven’t they sold their shares yet?
There can be a variety of motivations for why these institutional investors have chosen to hold onto their GameStop shares. For example, they may believe that the company has strong long-term prospects and that the current share price does not reflect this. They may also be waiting for the share price to rise so they can sell their shares at a profit. It’s also possible that they have a strategic reason for holding onto their shares, such as wanting to maintain a certain level of influence over the company.
How will the future of gaming affect GameStop’s stock price and profitability?
The future of gaming is likely to have a significant impact on GameStop’s stock price and profitability. For example, the introduction of new gaming consoles from Sony and Microsoft is expected to boost sales at GameStop. The growth of mobile gaming and esports could also be positive for the company. On the other hand, competition from digital downloads and streaming services could put pressure on GameStop’s business model.