Gill, who was instrumental in the inception of the meme-stock phenomenon in 2021, recently disclosed a substantial GameStop stock and options position in a screenshot posted on Reddit on June 2.
GME stock has experienced substantial fluctuations as a result of his decision. The stock closed at $29.12 on Thursday, a 14% increase, but it subsequently declined to $28.66 in extended trading.
Investment Update By Roaring Kitty
On Thursday, Keith Gill, the stock influencer renowned as Roaring Kitty, disclosed that he had increased his GameStop holdings to 9 million shares from 5 million at the beginning of the week.
Gill's update, which was published on Reddit after the market closed, indicated that his position was valued at $262.1 million. According to recent regulatory filings, this represents 2.1% of GameStop's 426 million outstanding shares.
The update also disclosed that he no longer possesses the 120,000 June 21, $20 strike call options that he had previously disclosed.
What Does Roaring Kitty Investment Mean?
Based on the most recent share count per corporate filings, Gill's expanded position makes him the fourth-largest shareholder in GameStop, with a 2.1% stake. Earlier this week, GameStop sold an additional 75 million shares for just over $2 billion.
Nevertheless, these FactSet figures are derived from the most recent 13-F filings from fund managers, which only reflect accurate data as of the end of the first quarter. This was before Gill reignited the meme-stock fervor by abruptly ending his three-year silence on social media.
