GameStop Jumps as ‘Roaring Kitty’ Trader Books Massive $116 Million Stock Position

Meme stock GameStop is rebounding again on speculation that Keith Gill, the man who inspired the epic short squeeze of 2021, could currently have a huge position in the video game retailer.

Gill, who goes by DeepF ——Value on Reddit and Roaring Kitty on YouTube and

The Reddit trading crowd’s favorite trader owns 5 million shares of GameStop worth $115.7 million as of Friday’s close, according to the account snapshot on Reddit’s r/SuperStonk forum. The account also showed a position of 120,000 GameStop call options with a $20 strike price expiring on June 21 that were purchased for approximately $5.68 each. GameStop shares closed at $23.14 on Friday.

The report has not been independently verified by CNBC. Notably, he didn’t post in the infamous WallStreetBets chat room, where he posted all his trading updates at the height of the GameStop mania more than three years ago. Although the username is the same as the one used.

Around the same time on Sunday evening, Gill posted a cryptic photo of an upside-down card in the game “Uno” on X, which quickly racked up nearly 30,000 likes.

Shares of GameStop rose more than 19% during Robinhood’s 24-hour trading window on Sunday evening, allowing certain stocks to trade continuously. The stock could see a big boom when premarket trading begins at 4 a.m. Monday.

Gill’s initial return to social media three weeks ago led to a notable rally in GameStop, with its shares more than doubling in May alone. At the time, he simply posted a photo of a man in a chair leaning forward, but that was enough to spark a buying frenzy among amateur traders.

GameStop benefited from the May rally by raising more than $900 million through a stock sale.

The investor was a former marketer for Massachusetts Mutual Life Insurance. In 2021, Gill encouraged a group of retail traders to squeeze short selling hedge funds into GameStop through YouTube videos and Reddit posts.

The action got so wild at one point that brokerages including Robinhood had to limit trading in the stock because it blew up their clearinghouse margin. The mania also led to a series of congressional hearings, starring Gill, on broker practices and the gamification of retail.

GameStop is still grappling with a transition to online gaming away from physical video game purchases, with investors banking on CEO Ryan Cohen to ultimately reinvent the company.