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Hedge Fund Melvin Capital is the one with the largest short positions on GameStop and probably the fund which suffered the most from last week short squeeze. WSJ reported this morning, Melvin Capital lost 53% in January, as Gabe Plotkin (a former SAC Portfolio Manager), lost over $5.3 billion in one month. In dollar terms, it means that Melvin lost over a whopping $7 billion in just one week thanks to r/wallstreetbets. Here's the math: It started the year with about $12.5 billion and now runs more than $8 billion. The current figure includes $2.75 billion in emergency funds Citadel LLC, its partners and Mr. Cohen’s Point72 Asset Management injected into the hedge fund last Monday. What is even more stunning is that it took just days for Citadel and Point72 to be underwater on their $2.75 billion rescue financing: "So far, Citadel, its partners and Point72 have lost money on the deal, though the precise scope of the loss was unclear Sunday." This also means that as the squeeze of GME and other companies continues, it is leading to billions in losses for the two funds.

The Reddit army has destroyed $3.7tn in global markekt cap this week, equal to the GDP of Germany, as the Hedge Fund short squeeze creates contagion. Hedge Fund had to sell their long positions to fund their losses from short activities - source: Holger Z, Bloomberg 

Source: Crescat Capital 

The YouTube streamer, known on the Reddit as u/DeepFuckingValue and on other social media accounts as "Roaring Kitty", and who helped drive a surge in the shares of Gamestop is Keith Gill, a 34-year-old financial advisor from Massachusetts and until recently worked for insurance giant MassMutual. On Tuesday, Gill posted a picture on Reddit that showed his $53,000 bet on GameStop had soared in value to $48 million (his holdings could not be independently verified).

Source: Eric Balchunas - Bloomberg