Who is GameStop Owned By?
GameStop, a leading video game retailer, has been a household name for decades. With its humble beginnings in 1984 as Babbage’s, the company has undergone several transformations to become the retail giant it is today. But, who is GameStop owned by? In this article, we will delve into the ownership structure of GameStop and explore the individuals and entities that have a stake in the company.
Retail Investors
One of the significant groups that own GameStop is retail investors. Retail investors are individual investors who buy and sell shares of the company directly through various stock exchanges. According to FactSet data, retail investors collectively hold a significant portion of GameStop’s shares, making them one of the largest groups of shareholders.
Institutional Investors
Institutional investors, on the other hand, are larger entities that invest in GameStop. These include mutual funds, pension funds, and hedge funds. These institutions invest in GameStop to diversify their portfolios and generate returns. According to FactSet data, institutional investors hold around 12% of GameStop’s shares.
Ryan Cohen and RC Ventures
In 2021, Ryan Cohen, the co-founder of Chewy.com, joined GameStop’s board of directors. He later became the company’s chairman and president. RC Ventures, Cohen’s investment firm, owns a significant stake in GameStop, making it one of the largest shareholders. RC Ventures has a 12.09% stake in the company, according to FactSet data.
Other Significant Shareholders
Other significant shareholders of GameStop include Vanguard Group, a multinational investment management company, and BlackRock, a multinational investment management corporation. According to FactSet data, Vanguard Group owns around 6.2% of GameStop’s shares, while BlackRock owns around 5.5%.
Who Made Millions on GameStop?
Several individuals made significant profits on GameStop, including Bill Gross, the retired "bond king" and former star manager at Pacific Investment Management Co. Gross reportedly made millions on GameStop, making him one of the lucky ones who profited from the company’s stock price surge.
Keith Gill’s Success Story
Keith Gill, a retail investor, also made significant profits on GameStop. Gill, also known as "Roaring Kitty," gained fame for his success in the stock market, particularly with his GameStop investment. According to reports, Gill’s net worth increased to around $30 million due to his GameStop investment.
GameStop’s Ownership Structure
Here is a breakdown of GameStop’s ownership structure:
| Shareholder | Percentage of Shares |
|---|---|
| Retail Investors | 40% |
| Institutional Investors | 12% |
| RC Ventures | 12.09% |
| Vanguard Group | 6.2% |
| BlackRock | 5.5% |
| Other Investors | 30.29% |
Conclusion
In conclusion, GameStop’s ownership structure is a complex mix of retail and institutional investors, with Ryan Cohen’s RC Ventures being one of the largest shareholders. The company’s stock price surge in 2021 made several individuals millionaires, including Bill Gross and Keith Gill. With its diversified ownership structure, GameStop is well-positioned to continue its growth and success in the competitive video game retail market.
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