Neil Diamond Grandchildren, Do Cold Showers Help You Grow Taller, Articles M

What is a margin call? Links included in this description might be affiliate links. Click to skip ahead and see Melvin Capital's Top 5 Stock . Sovereign Investor Leadership Conference March 2023, BAILED: Citadel and Point72 to Provide $2.75 Billion for Melvin Capital. New retail investors buying the stock will have a lot to catch up on. The comment appeared to help send GameStop shares soaring in extended trading Tuesday. 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). AEO position decreased by 3 Million shares, . 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. All positions listed above are observed between October 2020- December 2020. Twitter after the humiliating prediction . For non-personal use or to order multiple copies, please contact Citadel appears to be afraid of incoming margin call defaults, mused popular retail investing influencer @BossBlunts1 on Twitter. An AMC recount is a detailed investigation into who owns AMC Entertainment stock. [37] Plotkin purchased a minority interest in the Charlotte Hornets in 2019 from Michael Jordan. Melvin manager Gabe Plotkin told Andrew Ross Sorkin that speculation about a bankruptcy filing is false. U.S. stocks end sharply higher, Dow snaps four straight weeks of losses amid signs of a resilient economy. Wall street and its cronies, the hedge funds companies and big banks like bank of America with their CEO have been a major problem to small retail investors. [4], The short position adopted by Melvin Capital and others resulted in more than 139% of existing shares of GME being shorted, making GameStop stock the most shorted equity in the world. That much is clear. and our [22] In January, Ken Griffin's Citadel and Steve Cohen's Point72 invested $2.75 billion in Melvin in exchange for non-controlling revenue shares of the fund. 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. Citadel is one of the largest hedge fund managers in the world. 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. 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. 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): At some point youd expect your clearing house to raise awareness on your risk management right? Embattled hedge fund Melvin Capital reported another down month just weeks after founder Gabe Plotkin said he was considering winding down the fund. 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. The email to investors that Plotkins most recent bets pushed the hedge fund even deeper into the hole was met with anger. Continue reading your article witha WSJ subscription, Already a member? 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. Edit 3: Holy shit! Jim Cramer is the host of Mad Money on CNBC and is a former hedge fund manager. Citadel and Point72 have owned at least 51% (controlling interest) in Melvin Capital since January 24th (through a private placement investment/unregistered offering) following Melvin receiving notice that their broker/dealer had margin called them. What Happened: While Citadel and its partners are. [10] Plotkin was allegedly forwarded several emails by Steinberg and others that contained insider information. While there is scant evidence of a liquidity issue at the $230 billion hedge fund, Griffins Citadel empire does seem to be having a less-than-comfortable start to 2022 with a series of regulatory investigations into short-selling and block trading coming to its door and one of its hedge fund executives even being named in one of the probes. The stock ended the day 92% higher at $147.98. Gabriel Plotkin runs Melvin Capital Management, a hedge fund firm with $3.5 billion under management. The damage to Melvin Capital was severe. What's next for bonds in 2023 after the worst year in history, It broke me: Everyone says you need power of attorney, but nobody tells you how hard it is to use. Melvin Capital got crushed on its short position in GameStop. The hedge fund started 2021 with US$ 12.5 billion in assets under management. 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. 2008-2023 Sovereign Wealth Fund Institute. 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. Okay so, remember January? The details of that deal further incensed retail folks when they considered that Griffin is also the founder Citadel Securities, which is the largest executor of retail trades on apps like Robinhood All Rights Reserved. On Monday, CCBI Global. Pay Ahead and Skip the Line. . Just woke up and saw this post is close to 5k upvotes and heaps of awards!! Melvin Capital Management is a hedge fund with 4 clients and discretionary assets under management (AUM) of $21,801,284,330 (Form ADV from 2022-05-11). Melvin's strong track record of success, prior to its horrid recent performance, was often due to Plotkin's ability to make significant profits by shorting stocks. But slowing profits in other sectors and rising interest rates are warning signs. [4] Notable short positions included bets against J.C. Penney Co. and renewable-energy company SunEdison Inc., both of which ultimately went bankrupt. [1] He raised nearly $1 billion. When a margin call takes place, the broker/dealer often uses software/algorithms to close out the positions meaning that a computer will buy at LITERALLY ANY PRICE WITHIN A SPECIFIED RANGE. 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. We want to hear from you. AMC Entertainments stock is up more than 1,900% since January. https://www.reddit.com/r/Superstonk/comments/myulmm/so_i_hear_melvin_secretly_went_out_of_business_in/gvxaj0n/, But they have renewed their SEC registration this past march: https://reports.adviserinfo.sec.gov/reports/ADV/173228/PDF/173228.pdf, Looking at their SEC filings can shed some light of this, We can notice Melvin's behavior as a fund change by observing certain position changes between Q4 2020 - Q1 2021. Illegal is illegal and Hedge funds are not above the law. Analyst: Tech stocks will rise 20% in 2023. 89.23% of the stock is currently owned by hedge funds and other . Whether that has affected the sometimes-pugnacious billionaire who has trolled his retail critics a few times in the last few months, it definitely makes it hard to call the latest investigations a bad comedy joke as he did with an SEC investigation into the January 2021 squeeze. Cookie Notice Whats even more mind boggling is that short sellers continue to go against the tide despite suffering billions. Jun 2016 - Feb 20179 months. . Theyre shorting a stock that is no longer on the brink of bankruptcy. The truth is people want to keep the movie theater business alive. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Thanks for contacting us. Before long, veryforestgreen weighed in: "Melvin Capital New Short Attack." Then, greekgod1990: "Melvin vs WSB! SWFI facilitates sovereign fund, pension, endowment, superannuation fund and central bank events around the world. Citadel has notified Melvin of its plans to retrieve $500 million of the $2 billion it injected in late January, according to two people briefed on the matter, who were not authorized to speak. Melvin Capital closed out its short position in GameStop on Tuesday afternoon after taking a huge loss, the hedge fund's manager told CNBC's Andrew Ross Sorkin. Melvin had/has big positions in all those stocks. And the troubles didn't end with 2021. The firm uses a bottom-up, fundamental research-driven . For more information, please see our 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. Hedge fund. "A Former Top SAC Capital Trader Names New Hedge Fund", "Melvin Capital to Close Funds, Return Cash to Investors", "WSJ News Exclusive | Melvin Capital Lost 53% in January, Hurt by GameStop and Other Bets", "Hedge Fund Melvin Lost $6.8 Billion in a Month. GameStop was the single most traded name in the U.S. stock market on Tuesday, topping Tesla and Apple, even though they are 81 and 233 times larger in market cap terms, according to Deutsche Bank strategist Jim Reid. Melvin Capital quickly attracted attention and powerful investors and ended 2020, the year the pandemic began, with gains of 52.5%. and our 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.. Order Online at Matchbox Silver Spring, Silver Spring. The $17 billion hedge fund, founded . [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. Melvin Capital closed out its short position in GameStop on Tuesday afternoon [January 26 2021] after taking a huge loss, the hedge fund's manager told CNBC's Andrew Ross Sorkin. 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. [4], Subsequent to the GameStop short squeeze event, Melvin Capital disclosed that it is the target of at least nine lawsuits relating to its behavior during that period. Melvin Capital suffered a loss of over 50% its first quarter in 2021 due to shorting AMC Entertainment and GameStop. Investing on margin. Let me explain. By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. 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. The . 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 . Data is a real-time snapshot *Data is delayed at least 15 minutes. These people suck, the investor said, slamming Melvin. Same as cooking the books in my opinion. No affiliation or endorsement, express or implied, is provided by their use. AMC Entertainments market cap has grown immensely since the start of 2020 up until now. The Hedge Funds on the short side will do anything they can to avoid losing everything by any means necessary. Now, the apes nations, we are stopping that madness. 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. 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. Today were discussing Citadel losses. A Division of NBCUniversal. [1] On May 18, 2022 Plotkin announced that the fund would close and return any remaining customer funds by June 2022. 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. Citadel and Point72 have infused close to $3 billion into Gabe Plotkin's hedge fund to shore up its finances. Doesn't mean they've closed their doors but I will say it reminds me of a business transition that might take place when a business is "under new management". Winning It Back Is Taking a Lot Longer", "Plotkin's Melvin Capital Extends First-Quarter Losses to 49%", "Hedge Funds Salvage 2021 Gains as Private Investments Shine", "Ex-Point72 Manager Plotkin Is Said to Raise $700 Million", "Senior manager at SAC Capital indicted for fraud", "The burden of being SAC Capital's "Portfolio Manager B", "One of this year's top hedge funds has been $7 billion Melvin Capital run by a former top money-maker for Steve Cohen", "Seeing Value After a Plunge, Hedge Funds Bet on Energy Stocks", "Cohen Cub Gabe Plotkin Sees Fund Surge About 44% This Year", "This SAC Alum Stands Out in Hedge Fund Rankings", "The 25 Highest-Earning Hedge Fund Managers And Traders", "An Outside Hedge Fund Is Driving Steve Cohen's Gains", "Spora aktywno na CD Projekcie na razie bez wpywu na kurs - Stooq", "Citadel, Point72 to Invest $2.75 Billion Into Melvin Capital Management", "GameStop Stock Soars, and Social-Media Traders Claim Victory", "WSJ News Exclusive | Short Bets Pummel Hot Hedge Fund Melvin Capital", "Melvin Capital, hedge fund targeted by Reddit board, closes out of GameStop short position", "Hedge fund Melvin Capital closes out GameStop short: CNBC", "Reddit Traders Bludgeon Melvin Capital in Warning to Wall Street", "Short Sellers Lose $5.05 Billion in Bet Against GameStop", "Melvin Capital Dusts Off From GameStop Fiasco With 22% Gain", "Melvin Can't Shake Reddit Attack With 46% Loss in First Half", "The Meme Stock Rally Hurt Melvin and Maplelane. Bloomberg reports that one trader in the Reddit group turned US$ 53,566 into more than US$ 11 million. GME, Melvin Capital, the highest-profile hedge fund casualty from last year's meme-stock rally, has rapidly backtracked on a controversial plan to start charging performance fees again in the face . The price of many other heavily shorted securities and cryptocurrenciesalso increased. A margin call is not good news. Melvin Capital admitted defeat yesterday, with boss Gabe Plotkin telling CNBC that his fund had closed its position in GameStop on Tuesday accepting huge losses. [31][32][7] Melvin finished 2021, a year during which the S&P 500 rose 28.7%, down more than 39%. [19][20] They gained considerably due to the problems faced during the launch of Cyberpunk 2077. They provide users with intra day and historical data for days to cover, shares on loan, utilization rate, cost of borrow and free-float on loan. 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. 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). New comments cannot be posted and votes cannot be cast, Scan this QR code to download the app now. Margin Call! COMPLETELY NEW 490K share position in FaceBook (Again Citadel and Point72 are long on FB), . I am sorry. Billed as a glimpse into Teslas future, Investor Day was used as an opportunity to spotlight the companys leadership bench. If the customer does not respond to the margin call . Privacy Policy. Retail investors are sticking it to the man who celebrated the economy collapse of 2008. For the retail investor holding AMC? closed up 8.5% Thursday, while stock in AMC Entertainment Robinhood . This named stocks is not a complete list of puts. Okay, I've been typing all day and sipping coffee all night, so strap in for my crayon drawings. [1], During his time at SAC Capital, Plotkin was the recipient of illegal insider information according to federal prosecutors. Burry shot to fame by betting against the housing bubble and was featured in Michael Lewis' book "The Big Short.". His mark-to-market losses would be in the billions of dollars even at $48,063 a ton, which is where the price now stands after it was halted and trades were canceled. 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,. 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. This news was reported as of August, via WccFTech. 05:30. 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. Melvin Capital Management LPGabriel Plotkin2014 20211125 6820225 That $8B number is the amount of capital Melvin had after gaining access to more leverage using the $2.75B. Key Takeaways. Melvin Capital is set to receive a US$ 2.75 billion capital injection from hedge fund giants Citadel and Point72 Asset Management and other investors. In other words, for every $12 increase in GME stock price, Melvin Capital would lose $1 billion. 01:37. Margin trading is when you pay only a certain percentage, or margin, of your investment cost, while borrowing the rest of the money you need from your broker. short selling). AMZN position decreased by 84k shares (remember AMZN is a thousand dollar stock, 84k shares is a lot of capital), I also noticed certain positions were gone entirely on the Q1 SEC report. [1] It was founded in 2014 by Gabriel Plotkin, who named the firm after his late grandfather. But the Griffin/Plotikin drama was just one element of a hectic day as retail also appeared to factor in Russian President Vladimir Putins military strikes on Ukraine as another sign that they could benefit from a major pullback on equity markets and a potentially a delayed hike of interest rates from Federal Reserve Chairman Jerome Powell. 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). I made a mistake. Melvin's cash infusion was almost unheard of in hedge fund land. . Courtesy of ZeroHedge View original post here. The stock was worth just $6 four months ago. Shares in GameStop The secret to stocks success so far in 2023? Hedgie, Im not sorry about whats going to happen to your business model soon, they wrote. If we havent connected on Twitter, Facebook, or Instagram lets take the opportunity to do so today! As they get cheaper, going electric no longer has to be a costly proposition. 2023 CNBC LLC. Reddit and its partners use cookies and similar technologies to provide you with a better experience. Sign up for free newsletters and get more CNBC delivered to your inbox. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. The companys market value has skyrocketed from $426 million in 2021 to $7.65 billion dollars in 2022. Here I engage my community one on one and discuss AMCs price action, Read: AMC margin call: the squeeze is inevitable, Read: AMC short squeeze price: Expectations vs Reality, Business News, Community, Finance, Finance News, Investing News, Ken Griffin, Market News, Meme Stocks, Reddit Stocks, Stock Market News, AMCAMC EntertainmentAMC Margin CallAMC NewsAMC Short Squeeze NewsAMC StockAMC Stock Newsr/wallstreetbetsWallstreetbets. Got a confidential news tip? Looking at the most recent Fintel summary for Melvin Capital. Finally, Quadrant Capital Group LLC lifted its stake in shares of Darden Restaurants by 46.2% during the 2nd quarter. COMPLETELY NEW 600k share put position in AMC. [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. Short seller Andrew Left of Citron Research said Wednesday he has covered the majority of his short position in GameStop at a loss. According to Forbes, Plotkin earned about $300 million in compensation in 2017, making him the 20th highest paid hedge fund manager that year. Melvin S. Frost, CPA. or financial advisor. A Division of NBCUniversal. "[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. 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 . Its about the power of unification, and the strength to fight corruption in our nation. Warren Buffett never mentions this but he is one of the first hedge fund managers who unlocked the secrets of successful stock market investing. [2], Melvin Capital invested primarily in technology and consumer stocks and was reported to have $8billion in assets under management (AUM) as of January 2021. Under the terms being discussed, Plotkin would unwind his current fund at the end of June. During this period, GME stock price increased by $46.95. Two floors underneath Melvin, S3 Capital/Spruce Capital is no longer occupying their office on the 19th floor (despite still listing it on their website). COMPLETELY NEW 6.4M share put position in Mylan Pharma (Ticker:VTRS) on 12/31/2020. How do we infirm regular guy 401k ni interest in stocks how this crime and all the games that, I am fairly new to investing. https://www.bloomberg.com/news/articles/2021-04-01/leveraged-blowout-how-hwang-s-archegos-blindsided-global-banks. How much higher can interest rates go? He has since made his profile on Twitter private. It's unclear how that plan will be received and how much capital Plotkin's investors will be willing to reinvest with him. It was reportedly down 30% as of Monday, according to the Wall Street Journal,. Key Points Melvin Capital closed out its short position in GameStop on Tuesday afternoon after taking a huge loss, the hedge fund's manager told CNBC. An unexpected $1 trillion liquidity boost by central banks. Plotkin plans to charge performance fees of 15%-25% for the newly formed fund. [4], In early 2021 the fund lost over 30% due to numerous short bets that went awry, including GameStop. . All material subject to strictly enforced copyright laws. Batteries are the single most expensive element of an EV. Melvin has been hard-hit by a series of short bets, starting the year with $12.5 billion in assets and losing almost 30% through Friday, people familiar with the firm said. 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 . This would develop a narrative that Melvin did not have to sell controlling interest in the company to raise capital to prevent a bankruptcy. Between January 26th and January 29th AMZN fell from $3,326 to $3,206. You might have to deposit cash or additional securities into your account, or you might need to. Gabe Plotkin, chief investment officer and portfolio manager of Melvin Capital Management LP, speaks during the Sohn Investment Conference in New York, May 6, 2019. https://www.reddit.com/r/wallstreetbets/comments/l7bpf5/30_seconds_from_triggering_market_nuclear_bomb/gl5vgof/?utm_source=share&utm_medium=web2x&context=3, https://www.bloomberg.com/news/articles/2021-04-01/leveraged-blowout-how-hwang-s-archegos-blindsided-global-banks, https://fintel.io/i13fs/melvin-capital-management-lp, https://reports.adviserinfo.sec.gov/reports/ADV/173228/PDF/173228.pdf, https://www.sec.gov/Archives/edgar/data/1628110/000090571820001111/xslForm13F_X01/infotable.xml, https://www.cbre.us/properties/properties-for-lease/office/details/US-SMPL-2338/535-madison-avenue-10022?view=isLetting. Citadel put it in US$ 2 billion, while Point72 put in US$ 750 million. Barcelona. Melvin Capital Management LP is a registered investment advisor founded in 2014 by Gabriel Plotkin, the firm's Chief Investment Officer. Regulatory data shows that the hedge fund lost almost $7 billion by betting against stocks like GameStop.