On June 14th, Caixin reported (Editor Xiao Xiang) that Keith Gill, the big brother of the American stocks with the net name "Roaring Little Cat", updated his latest holdings of GameStop (GME) on Thursday. According to the latest position screenshot he released, he currently holds 9 million shares of GameStop stocks, which is higher than the 5 million shares at the beginning of this week.

In the latest position update released on Reddit after the closing on that same day, Gill showed that the book value of the stock he currently held is about $262.1 million. According to a recent regulatory filing, this is equivalent to 2.1% of GameStop's 426 million outstanding shares.

The holding screenshot published by Gill also shows that the call options for 120,000 GameStop shares are no longer included in his investment portfolio. These options were originally due to expire next week with a strike price of $20.

It is worth mentioning that the 9.001 million shares of GME holdings seemed to have a special meaning for GME's loyal retail investors. This is exactly the same as GME Chairman and CEO Ryan Cohen's holding at the end of 2020, just before the 'meme stock' frenzy broke out.

In addition, his cash position has dropped from nearly $30 million disclosed at the beginning of the week to $6.3 million. This implies that Gill may have used some of his cash to increase his positions in the ordinary stocks.

As of Thursday night, the total value of Gill's above accounts (including cash) has exceeded $268 million, higher than the $210 million on June 2nd.

On June 2nd, the first day he initially disclosed his positions, his investment portfolio had 5 million shares of GameStop stocks and 120,000 call options. Call options give holders the right to buy stocks at a specified price before a certain expiration date, but no obligation.

Currently, it is not certain how Gill specifically adjusted his positions. He can sell all 120,000 call option contracts and use the proceeds to purchase additional shares; or sell a portion of the huge call option position and exercise the remaining portion of the option in advance.

It is worth mentioning that since Wednesday afternoon local time, the trading volume of GameStop call option contracts with a strike price of $20 and expiration date of June 21st has indeed soared, and Gill holds just these contracts. According to industry statistics, the trading volume of the aforementioned call options on Wednesday and Thursday was about 142,000 contracts. By the close of Wednesday, the open interest had sharply decreased by 34% to 111,818 contracts.

This phenomenon, coupled with the decline in the price of GameStop stocks and call options at that time, made many people think that Gill had started to choose to "withdraw".

However, it is obvious that the American stocks "big brother" has not yet decided to quit entirely.

Regardless of how Gill operated specifically, those option contracts of his apparently still brought him returns. The aforementioned call options, which closed at $6.40 per contract on Wednesday, traded between $6 and $9.80 on Thursday, so the final selling price of these options still will be higher than Gill's claimed average purchase price of $5.6754.

Many people had previously speculated that Gill would not hold these call options until expiration: because in order for Gill to exercise all the call options, he would need $240 million to buy stocks - to purchase 12 million shares at a price of $20 per share, this far exceeds the amount of cash in his E-Trade account that he publicly displayed.

Regarding this, Danny Kirsch, the options director of Piper Sandler & Co., believes that "it looks like he sold 80,000 call option contracts and exercised 40,000, so based on the screenshot circulated on Reddit, he now holds 9 million shares of GME stocks."

In the past four weeks, Gill's continuous mysterious tweets on the X platform, coupled with his disclosure of investment portfolio positions on Reddit, have caused many American retail investors to buy GameStop stocks.

On Thursday, the financial report for the first quarter of 2024 was released. The report showed that NIO Inc.'s revenue in the first quarter of 2024 declined 7.2% year-on-year and 42.1% quarter-on-quarter, but through effective cost control, the company's gross margin increased to 4.9%, and gross profit surged 200.5% year-on-year.$GameStop (GME.US)$The stock price has risen more than 14% again, closing at $29.12.

Editor/Somer