Citadel put it in US$ 2 billion, while Point72 put in US$ 750 million. "[33], In May 2022, Bloomberg News reported that Melvin Capital planned to close its funds and return the cash to its investors by June 30. I feel these changes support the thesis that Melvin Capital has changed their investment strategy due to new majority ownership. COMPLETELY NEW 490K share position in FaceBook (Again Citadel and Point72 are long on FB), . Now, the apes nations, we are stopping that madness. News that Ken Griffins Citadel LLC hedge fund is further paring back its $2 billion investment in Gabriel Plotkins short-selling fund Melvin Capital was explosive Schadenfodder for social medias army of Apes.. Click to skip ahead and see Melvin Capital's Top 5 Stock . Melvin Capital Management LPGabriel Plotkin2014 20211125 6820225 Free Live Daily Updates: AMC Short Interest Today + more, This news was reported as of August, via WccFTech, Short Interest Updates for AMC, GME, MULN, BBIG + more, Anchorage Capital closes after betting against AMC stock, How do hedge funds manipulate the stock market, The hedge fund received a $1.2 billion lifeline, 90%-95% of retail market orders are executed in dark exchanges, Deputy Global Treasurer resigns from Citadel, AMC margin call: the squeeze is inevitable, AMC Failure-to-Delivers Are Skyrocketing Through the Roof, AMC Spends 20 Days on Threshold Securities List. Even Goldman Sachs appeared to give some oxygen to that hope Thursday, pegging back its odds that the Fed raises 50 basis points in March. In just the first few weeks of 2022, Melvin Capital . Employment Details. . Pay Ahead and Skip the Line. There are two possibilities as of Jan 31st: Reuters "Source" purposefully leaked the $8B number to suggest Melvin was worth more than $5.5B at the time of Citadel and Point 72's combined $2.75B share equity purchase. Hedgie, Im not sorry about whats going to happen to your business model soon, they wrote. Edit 4: Don't know how I forgot an emoji TLDR, discovered , but 's found GME. Hedge funds such as Citadel and Melvin Capital have lost billions of dollars, and fast. For more information, please see our Quadrant Capital Group LLC now owns 516 shares of the restaurant operator's stock worth $58,000 after purchasing an additional 163 shares during the last quarter. [1] He raised nearly $1 billion. Melvin Capital Management is based out of New York. COMPLETELY NEW 600k share put position in AMC. With Kevin Spacey, Paul Bettany, Jeremy Irons, Zachary Quinto. . [13] He also said that the fund has an "intense focus" on the short side (i.e. I made a mistake. Burry shot to fame by betting against the housing bubble and was featured in Michael Lewis' book "The Big Short.". The . How can they keep getting away with this? 05:30. By accepting all cookies, you agree to our use of cookies to deliver and maintain our services and site, improve the quality of Reddit, personalize Reddit content and advertising, and measure the effectiveness of advertising. Melvin Capital, a premier Wall Street hedge fund entangled in the frenzy over GameStop (GME), lost 53% in January, a . Mesa, AZ. I found their behavior totally abusive and extremely irresponsible. Under the terms being discussed, Plotkin would unwind his current fund at the end of June. Sign up for free newsletters and get more CNBC delivered to your inbox. Gabe Plotkin was a top portfolio manager at Point72s predecessor firm, SAC Capital Management, before leaving to start Melvin Capital. If you remove the $2.75B "infusion" from the total $8B AUM reported it's $5.25B, exactly half of $5.25B is $2.625B. 89.23% of the stock is currently owned by hedge funds and other . Chinese Tycoon Who Faces $8 Billion In Margin Calls Tells Bank He Wants To Keep Shorting Nickel by Tyler Durden Thursday, Mar 10, 2022 - 10:39 AM Update (1400ET): In what appears to be LME's latest attempt to 'manage' Xiang's outsize position risk, the exchange is 'changing the rules' (one might say): Melvin's most recent balance sheet on Fintel lists $22B in AUM, as of 01/31/2021 Melvin had $8B in AUM meaning that Melvin lost at minimum $15B in January. Frank. A margin call is not good news. Jun 2016 - Feb 20179 months. If approved, users can borrow funds to make investments. Melvins CEO who made $800 million in 2020 lost me even more money in April and wants to make himself more fees? one investor fumed. . Citadel is one of the largest hedge fund managers in the world. [10], Plotkin founded Melvin Capital, after leaving SAC during the insider trading blowup, in late 2014, naming the fund after his late grandfather who was a small-business owner. Theyve already liquidated accounts in both the stock and crypto markets. Cookie Notice According to Forbes, Plotkin earned about $300 million in compensation in 2017, making him the 20th highest paid hedge fund manager that year. Slumping tech and property activity arent yet pushing the broader economy into recession. All while taking the opportunity to make a life changing trade as AMC Entertainment boils for a short squeeze. By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. On Monday, CCBI Global. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. From SEC data on September 30, 2020, Melvin Capital had large puts in Elanco Animal Healthcare, Wynn Resorts Ltd, iRobot Corp, National Beverage Corp, Gamestop Corp., American Eagle Outfitters, Dillards Inc., Ligand Pharmaceuticals, Martin Marietta Materials, Advance Auto Parts, Bed Bath & Beyond, Inc., Mylan NV, and GSX Techedu. 2023 CNBC LLC. Looking at the most recent Fintel summary for Melvin Capital. It also mentions that Credit Suisse took (at a minimum) a $4B (some total estimates up to $10B total) hit after margin calling Archegos (4x their annual income generated by their largest sector; the real estate side), which shows why a broker/dealer may be hesitant to margin call since they can get burned really fucking bad, if say their client is stupid overleveraged and used the loans you gave them as collateral to gain more leverage (that actually happened fucking lol). and our Bigger personalities are talking about AMC Entertainments once in a lifetime opportunity. We can also see that Melvin is still reporting positions as of 03/19/2021. Get this delivered to your inbox, and more info about our products and services. read the source material. This AMC movement is more than just about making money now. News Corp is a global, diversified media and information services company focused on creating and distributing authoritative and engaging content and other products and services. Privacy Policy. Melvin Capital, the embattled hedge fund run by its once high-flying founder Gabe Plotkin, has been discussing a novel plan with its investors under which the firm would return their capital, while giving them the right to reinvest that capital in what would essentially be a new fund run by Plotkin. Plotkin, according to people familiar with his plans, has committed to keeping his "new" fund at or below $5 billion in capital and returning to a focus on shorting stocks. "Calls" are an agreement in which the buyer purchases the right, but not the obligation to purchase a stock at a certain price. Its about the power of unification, and the strength to fight corruption in our nation. While youre not wrong Jim, retail investors within the AMC community are known as apes, not wallstreetbets. He has since made his profile on Twitter private. An unexpected $1 trillion liquidity boost by central banks. Between January 26th and January 28th GOOG fell from $1917 to $1830; Between January 26th and January 29th FICO fell from $511 to $450. Thank you for the correct info , Edit 2: Corrected erroneous maths (remember guys I can't read). The email to investors that Plotkins most recent bets pushed the hedge fund even deeper into the hole was met with anger. A quick glance at the position differences on these reports and it doesn't even look like the same fund: 2020 Q4: https://www.sec.gov/Archives/edgar/data/1628110/000090571820001111/xslForm13F_X01/infotable.xml, https://www.sec.gov/Archives/edgar/data/1628110/000090571821000248/xslForm13F_X01/infotable.xml. Among other short positions, .css-1h1us5y-StyledLink{color:var(--interactive-text-color);-webkit-text-decoration:underline;text-decoration:underline;}.css-1h1us5y-StyledLink:hover{-webkit-text-decoration:none;text-decoration:none;}Melvin bet against the surging stock of videogame retailer GameStop Corp. If the customer does not respond to the margin call . Melvin charges investors an annual management fee of 2% and up to 30% of its profits, among the highest fee packages in the hedge fund industry. Ukraine, Im sorry this is happening. Investors, who include Point72 founder Steven Cohen, are being presented with the prospect of getting a chance to have Plotkin run their money in a smaller fund focused on his strength of shorting stocks, but forever giving up the hope of having him work to get them back to even on their current funds. The companys market value has skyrocketed from $426 million in 2021 to $7.65 billion dollars in 2022. This is a play we've seen from Citadel before as they have shorted stocks such as BNGO, SNDL and MVIS to create more capital for their short plays in GME and AMC(IMO). The comment appeared to help send GameStop shares soaring in extended trading Tuesday. Amid GameStop's explosive rally, short sellers have accumulated losses of more than $5 billion year to date in the stock, including a loss of $917 million on Monday and $1.6 billion on Friday, according to data from S3 Partners. https://finance.zacks.com/buy-stocks-privately-owned-companies-11211.html, https://www.sec.gov/oiea/investor-alerts-bulletins/ib_privateplacements.html, " A securities offering exempt from registration with the SEC is sometimes referred to as a private placement or an unregistered offering. [19][20] They gained considerably due to the problems faced during the launch of Cyberpunk 2077. But slowing profits in other sectors and rising interest rates are warning signs. AEO position decreased by 3 Million shares, . The stock was worth just $6 four months ago. When people talk about margin calls they are really thinking of the actual forced liquidation that comes after you can't meet the margin call. The Hedge Funds on the short side will do anything they can to avoid losing everything by any means necessary. [33] Allegations include Melvin's participation in a conspiracy against retail investors, and also that Melvin "made misstatements about their role in the conspiracy to the public." We'll deliver the most current and interesting sovereign wealth and financial news straight to your inbox. Plotkin should sell his $44 million Miami Beach home after losing all of us so much money rather than charging us more fees, the investor fumed. According to the Wall . For non-personal use or to order multiple copies, please contact A Division of NBCUniversal. As more retail investors discover that AMC has the perfect set up for a MOASS (mother of all short squeezes), hedge funds will subsequently lose several more billions of dollars in the coming weeks. Melvin Capital and Light Street Capital, two US hedge funds hard hit by the January rally in stocks popular with retail investors, suffered further losses in May. Melvin Capital Management LP is an American investment management firm based in New York City. Meaning, if Melvin raised funds at a valuation $5.25B, a $2.75B investment would be able to purchase controlling interest through a private placement investment. There is no additional charge to you! "The majority shareholder's controlling interest means he or she has more voting power and can influence the company's strategic direction and operation", https://www.upcounsel.com/majority-shareholder. Citadel LLC is further paring back its $2 billion investment in Melvin Capital Management after the hedge fund stumbled in its effort to recover from a near collapse triggered by surges in . Note that trading on margin can improve gains, but . [which you might remember played a key role in shutting down the hectic short squeeze]. Hedge fund Melvin Capital had suffered massive losses on its shorts and margin calls. Despite a modest recovery, Melvin threw in the towel earlier this year, but that hasn't stopped regulators from wanting to know more: Melvin managed to raise money after its initial disastrous. An AMC recount is a detailed investigation into who owns AMC Entertainment stock. At its height, on January 28, the short squeeze caused the retailer's stock price to reach a pre-market valueof over US$500 per share($125 split-adjusted), nearly 30 times the $17.25 valuation at the beginning of the month. If you need such advice, please contact a qualified accountant, solicitor, insurance agent, contractor/electrician/engineer/etc. Im 66, we have more than $2 million, I just want to golf can I retire? [21][23][24][25] CNBC's Andrew Ross Sorkin reported that fund manager Gabriel Plotkin advised Melvin Capital had closed (i.e. Melvin Capital began 2021 with about $12.5 billion, and finished the month January with around $8 billionthanks to $2.75 billion in emergency funds brought in last Monday by Citadel LLC, its . GameStop shares have soared more than 400% this week alone to $347.51 apiece, driving its January gains to 685%. When investing through a private placement, the investor is essentially purchasing equity shares in that company. [36] In December 2020 Plotkin purchased 2 adjacent houses in Florida for $44 million. Thank you for supporting my channel so I can continue to provide you with free content each week!Video topics:gamestop, gamestop stock, gme, gamestop short squeeze, gamestop stock explained, gamestop explained, amc, amc stock, amc stock prediction, amc live, amc stock live, amc short squeeze, amc squeeze, amc price prediction, gme stock live, gme stock prediction, gme stock analysis, gme stock explained, gme stock short squeeze, gme stock news, matt kohrs, matt kors, stocks, stock market, investing, trey trades, jim cramer, amc ortex, amc dark pool, amc recap, amc news, amc update, finance news, themaskedinvestor, roensch capital, amc stock news, amc stock update, amc stock analysis, amc stock livestream, amc stock short squeeze, amc stock prediction 2021, amc stock news today, amc stock jim cramer, will amc go up, short squeeze, will amc short squeeze, buy amc, hold amc, amc will explode, this will cause amc to explode, amc dark pool update, amc citadel, amc citadel in trouble, Citadel, citadel fraud, citadel fraud amc, amc margin restriction, amc restriction, what is a margin restriction, amc threshold list, threshold list, what is amc threshold list, amc citadel, ken griffin, AMC convertible notes, AMC convertible loan notes, deregistration of loan notes, AMC S3 filing, iceberg research, even more fud, the suits are losing, amc analyst rating, amc analyst, amc media, fail to deliver, AMC fail to delivers, fail to deliver data, AMC FTD, amc threshold list, amc threshold, amc ftd cycle, amc suspend dark pools, amc share count, amc melvin capital, amc citadel redeem $500m, amc citadel melvin capital, amc sec, amc gary genslerInspired by Graham Stephan, Meet Kevin, Andrei Jikh, Stock Moe, My Financial Friend, MCash, Kenan Grace, Trey Trades, Matt Kohrs, the Masked Investor and more.#AMC #ShortSqueeze #AMCStock In the Reddit forum "wallstreetbets" with more than 2 million subscribers, rookie investors encouraged each other to pile into GameStop's shares and call options, creating massive short squeezes in the stock. (what I meant by "attempted margin call"), If we look at the recent situation involving Archegos Capital, we can observe that the ability to acquire ridiculously risky leverage is fairly easy for bigger funds/big money (and just think Archegos was a "family office" lol). That much is clear. Rising costs and a shortage of workers are pushing the Southwest-style restaurant chain to do more with less. Archegos failed to meet the margin calls, prompting a massive $20 billion fire stock sale as the banks, or at least some of them, rushed to sell off the fund's . Go through the Quarterly SEC filings. Other third-party content, logos and trademarks are owned by their perspective entities and used for informational purposes only. We want to hear from you. They likely waited to report their position and then aggressively raised more capital by shorting VTRS further. Barcelona. Melvin had held that position since it was founded six years ago because the fund believed GameStop's business model of selling video games in brick-and-mortar stores was "being overtaken by . Edit 5: Corrected my Fintel dates as pointed out by u/TakingOffFriday I severely botched this by confusing the the reporting dates with the filing date. Deductions I made from the QoQ report comparison, keep in mind the most recent FINTEL report reflects the positions value on 31/01/2020 when GME was $19.50 (when I'm writing this GME is $177.77 so Melvin is at least 8x as fuk as they were in December 2020). We want to hear from you. it was only a few decades ago right? short selling). . Things arent looking so great for Citadel in 2022 as scrutiny grows within the retail community. This is not investment advice to purchase any stock mentioned in this video or any other videos and shall not be construed as anything other than an opinion for entertainment purposes only. Thank you again for contributing! So they are still in business and still purchasing stock, but we can observe that their website is down (u/Sh0w3n pointed out this is a misunderstanding on my part, the website has had that blankish display screen well before I or other apes noticed it) and their phone line is down. The loan investments are in the form of non-controlling revenue shares in the hedge fund. 2008-2023 Sovereign Wealth Fund Institute. All Rights Reserved. Bill Hwang, a former hedge fund manager who'd pleaded guilty to insider . [4], In early 2021 the fund lost over 30% due to numerous short bets that went awry, including GameStop. Heres How Meme Stocks Performed This Week, Strategist Says Mother of All Short Squeezes is Here. When that happens you need to bolster your account with new funds to offset possible losses. Related: Short Interest Updates for AMC, GME, MULN, BBIG + more. The purpose of this work is to provide a model of prices for assets with large short positions; in particular, those positions are subject to margin calls and can face a short squeeze. That fund was down 21% at the end of the first quarter. [4], After graduating from Northwestern University with a degree in economics in 2001, Gabriel Plotkin joined Ken Griffin's hedge fund Citadel LLC, and later Connecticut-based hedge fund North Sound Capital. No ape wants such an event to be at the cost of real lives. If we compare Melvin Capitals SEC quarterly reports side by side; we can see that Melvin has without a doubt gained access to more capital through short selling. His tweet seemed to intensify the rally in the previous session. 2023 NYP Holdings, Inc. All Rights Reserved, Ray Dalio-founded hedge fund Bridgewater to cut 100 jobs in push to develop AI: report, Hedge fund blasts $18M salary of Bath& Body Works chair, Little-known hedge fund boss joins Cohen, Ken Griffin as Wall Streets top earners, China beating US in trade war, nations brink of conflict: billionaire Dalio. Short seller Andrew Left of Citron Research said Wednesday he has covered the majority of his short position in GameStop at a loss. Sovereign Wealth Fund Institute (SWFI) is a global organization designed to study sovereign wealth funds, pensions, endowments, superannuation funds, family offices, central banks and other long-term institutional investors in the areas of investing, asset allocation, risk, governance, economics, policy, trade and other relevant issues. Regulatory data shows that the hedge fund lost almost $7 billion by betting against stocks like GameStop. And while Plotkins losses have been large and public, some even speculated that this was more about Citadels problems than Melvins. Is a MULN Reverse Stock Split on Its Way? Got a confidential news tip? Citadel LLC and Point72 Asset Management are investing $2.75 billion in hedge fund Melvin Capital Management, an emergency influx of cash that is expected to stabilize what has been one of the top performing funds on Wall Street. For more information, please see our [1], During his time at SAC Capital, Plotkin was the recipient of illegal insider information according to federal prosecutors. ORTEX is a software that provides the most timely and accurate short interest available. Read: Deputy Global Treasurer resigns from Citadel. adidas Promo Code - $30 Off 1000s of Best-Sellers + Free Shipping, 60% off running shoes and apparel at Nike without a promo code, Save 15% on orders of $100+ with Kohl's coupon. In September 2020 the name of company showed up in the Polish Short Sale Registry (Rejestr Krtkiej Sprzeday) because of a short position in game developers CD Projekt, a net position of 0.55 percent through the Polish stock exchange (GPW). I asked myself many times why a small group of bandits could keep 80% of us down as hostage. It's unclear how that plan will be received and how much capital Plotkin's investors will be willing to reinvest with him. https://www.wsj.com/articles/citadel-point72-to-invest-2-75-billion-into-melvin-capital-management-11611604340. Melvin Capital suffered a loss of over 50% its first quarter in 2021 due to shorting AMC Entertainment and GameStop. And GME to the moon." [13], In its first full year in operation, Melvin Capital had returns of 47%, ranking it 2nd in Bloomberg's 2015 list of top-performing funds with $1 billion or more in assets under management. It reportedly required a huge . Now where else could Melvin get the type of capital support to keep this charade going (after reports of 49% Q1 losses) if not from the the other funds who stand to lose literally everything if Melvin is margin called on their short positions (be they naked or not). VTRS stock has been hammered down significantly Feb 19th(3 days after the SEC report was filed). Why It Matters: Founded in 2014 by Gabe Plotkin, a former portfolio manager for Steve Cohen, Melvin Capital lost 53% on its investments in January amid the battle between retail traders and. Citadel just redeemed $500m from Melvin Capital, I personally think this means Citadel are running out of cash, and have just squeezed Melvin for every last penny, putting both of them in a BAD spot. $600 giveaway on 28th August, to win, just join the Patreon - https://patreon.com/thomasjamesinvesting Check out the Merch - https://thomasjamesinvesting.com Get a Free Stock worth up to 200 - https://magic.freetrade.io/join/Thomas-James-Investing Get 4 FREE Stocks worth up to $3,350 - https://j.moomoo.com/006XiL Moomoo deposit tutorial - https://youtu.be/gw1BkLVsnjU Get up to $250 of Bitcoin - https://blockfi.com/?ref=98eb64e6 Get $25 of Bitcoin - https://platinum.crypto.com/r/74mubgbbse Get $10 of Bitcoin - https://coinbase.com/join/smallb_1u?src=ios-linkLinks;https://www.reddit.com/r/amcstock/comments/p8kp1n/after_8_months_of_hodling_id_like_to_share_the/https://www.reuters.com/article/us-citadel-melvin-hedgefunds-idTRNIKBN2FM08YWe've also had a government employee that works fairly high up confirm that Gary Gensler is making change and is ready to bring down the hammer, he's just controlling the narrative and taking it step by step.This is brilliant news for the AMC stock as it seems those hedge funds are getting squeezed further and further and are running out of control. Melvin S. Frost, CPA. AMD position increased by 1.6M shares, from 2.1M to 3.7M. [9] Reuters identified Plotkin as the so called "Portfolio Manager B" in the Securities and Exchange Commission's civil complaint against Michael Steinberg, a fellow SAC PM who was arrested on charges he traded Dell's earnings based on insider information. To sell short, you normally have to borrow existing shares from . The plan would essentially give Plotkin a do over after 18 months of very poor performance, allowing him to keep his employees, many of whom might otherwise choose to leave given his lack of performance fees from which to pay them. Data is a real-time snapshot *Data is delayed at least 15 minutes. Related: Anchorage Capital closes after betting against AMC stock. Gabe Plotkin, chief investment officer and portfolio manager of Melvin Capital Management LP, speaks during the Sohn Investment Conference in New York, May 6, 2019. For the retail investor holding AMC? and our CNBC could not confirm the amount of. Margin Call: Directed by J.C. Chandor. Key Takeaways. It was too long overdue. The Securities and Exchange Commission declined to comment. [38] According to Bloomberg, during 2020 Plotkin earned over $800 million in compensation. Investor Michael Burry said in a now-deleted tweet Tuesday that trading in GameStop is "unnatural, insane, and dangerous" and there should be "legal and regulatory repercussions." Finally, Quadrant Capital Group LLC lifted its stake in shares of Darden Restaurants by 46.2% during the 2nd quarter. Griffin, his partners and the hedge funds he runs at Citadel threw in $2 billion and Cohen's Point72 Capital Management, which. I think they could be trying to create the illusion of growth by acquiring more margin: https://fintel.io/i/melvin-capital-management-lp, First thing to observe is that they are listing a total asset portfolio of $22B as of 12/31/2020. Melvin Capital had $13.1 billion assets under their management (AUM) as of March 2020. The fund lost 23% in the first four months of 2022, a person familiar with the fund's finances said. The damage to Melvin Capital was severe. Goldman Sachs CEO says office attendance tops 50% during r REBNY's new return-to-office gauge paints bright view for 'trophy' towers, Food delivery maven unveils NYC shop after dumping Mercedes mobile kitchens, US home prices just did something they haven't done since 2012, JPMorgan Chase requires some workers give 6 months notice before quitting, This Girl Scout cookie flavor is reselling for $100 online -- here's why, Is this the couple behind the Worst Art Job Listing Ever?, Harry and Meghan hold the upper hand on King Charles coronation: Source, Hated Tom Sandoval addresses Ariana Madix split amid cheating claims, Undertaker transforms coffin into barbecue grill, Kellyanne Conway and George Conway to divorce, Canadian teacher with size-Z prosthetic breasts placed on paid leave. [39] However, during January 2021, he reportedly lost $460 million due to his funds collapsing.[39]. As they get cheaper, going electric no longer has to be a costly proposition. He previously said GameStop will fall back to $20 a share "fast" and called out attacks from the "angry mob" that owns the stock. [4] Notable short positions included bets against J.C. Penney Co. and renewable-energy company SunEdison Inc., both of which ultimately went bankrupt. For this privilege, the buyer pays a "premium.") . The hedge fund started 2021 with US$ 12.5 billion in assets under management. In the above article (posted Jan 31st) it's stated that a "-Source" (sus af trust no one haha) disclosed that Melvin Capital ended the month with over $8 Billion in assets under management (AUM). Melvin Capital is set to receive a US$ 2.75 billion capital injection from hedge fund giants Citadel and Point72 Asset Management and other investors. Melvin, the. This group of retail investors only know forward. Embattled hedge fund Melvin Capital reported another down month just weeks after founder Gabe Plotkin said he was considering winding down the fund. [28] The fund had also repositioned its portfolio according to the source. [31][32][7] Melvin finished 2021, a year during which the S&P 500 rose 28.7%, down more than 39%. The Tesla CEO tweeted to his 42 million followers "Gamestonk!!" The drop came after many advertisers left the social-media platform following Elon Musks takeover. Melvin was down 21% in the first quarter,but investors told The Post they were hopeful Plotkin who was once a protgof hedge fund titan Steve Cohen would turn it around. The $17 billion hedge fund, founded . Melvin Capital closed out of its GameStop short position on January 27, and ended the month with $8 billion in assets under management, compared to the $12.5 billion it started the year with. Retail investors are sticking it to the man who celebrated the economy collapse of 2008. Im active on all of my accounts and publish content regularly. SWFI is a minority-owned organization. [3] During the GameStop short squeeze of 2021, they sustained losses of 53% or $6.8 billion, at one point losing more than a billion dollars a day;[3][4] in Q1 2021, the firm's assets declined 49%, and it finished 2021 down more than 39% on the year, during which the S&P 500 rose 28.7%. Investing on margin. This is likely because whenever Melvin's broker/lender realized shit was hitting the fan they may have attempted to margin call Melvin's naked short position on GME; only to realize they literally can't cover it even with a margin call due to unavailable float since we now know available float is 26M.