Who Owns the Most Shares of GameStop?
GameStop, the leading video game retailer, has been making headlines in recent years due to its unique business model and the impact of the COVID-19 pandemic on the gaming industry. As a result, investors and gamers alike are curious about who owns the most shares of GameStop. In this article, we will delve into the company’s ownership structure and explore the answers to this question.
Ryan Cohen: The Largest Individual Shareholder
According to FactSet data, Ryan Cohen, the CEO of GameStop, owns approximately 12.1% of the company’s outstanding shares through his holding company, RC Ventures LLC. This makes him the largest individual shareholder of GameStop. Cohen joined the company’s board of directors in early 2021 and later became the chairman of the board.
Institutional Investors
Institutional investors, such as hedge funds, pension funds, and investment companies, also hold significant stakes in GameStop. Some of the notable institutional investors include:
- The Vanguard Group, Inc.: 8.3%
- BlackRock, Inc.: 6.4%
- State Street Corporation: 4.4%
- FMR, LLC (Fidelity): 3.5%
These institutional investors are likely to hold the company’s shares for long-term investment purposes, providing stability and liquidity to the market.
Other Significant Shareholders
Other notable shareholders of GameStop include:
- T. Rowe Price Associates, Inc.: 2.5%
- Dimensional Fund Advisors LP: 2.3%
- Capital Research Global Investors: 2.1%
- Citadel Advisors LLC: 1.9%
Keith Gill: The Retail Investor
Keith Gill, a retail investor, made headlines in 2021 for his significant gains in GameStop stock. His stock portfolio, known as "Roaring Kitty," has been a subject of interest among investors and the media. Gill’s holding in GameStop is not publicly disclosed, but he has stated that he owns a significant amount of the company’s stock.
Short Sellers
Short sellers, who bet against the company’s stock price, also hold a significant amount of GameStop shares. However, their holdings are often not publicly disclosed, and their motivations are often shrouded in mystery.
Conclusion
In conclusion, Ryan Cohen, the CEO of GameStop, is the largest individual shareholder of the company, holding approximately 12.1% of the outstanding shares. Institutional investors, such as Vanguard, BlackRock, and State Street, also hold significant stakes in the company. Other notable shareholders include T. Rowe Price, Dimensional Fund Advisors, and Capital Research Global Investors. Keith Gill, a retail investor, has also made significant gains in GameStop stock, although the exact size of his holding is not publicly disclosed.