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Not at all. The past few days they've shared not only the largest long holders of these stocks, but also the pension funds that were boosted as well. A few tea

Not at all. The past few days they've shared not only the largest long holders of these stocks, but also the pension funds that were boosted as well. A few teacher pension funds got a good uptick and they were sharing that around. The cats at wsb might be self proclaimed retards, but they're not that stupid. They know lots of other folks are going to make money off of them. You know, if you actually visit the sub, you'd know that.

3327 6y ago
Hi Autist from WSB here. Diamond hands, and deepfuckingvalue we trust. DD is gold. not selling is Diamond. Stick to your guns. Don't let the Algos shake u out. See you techies in Valhalla.
EugeneG 6y ago
Any uptick a pension fund would have had was lost once GME reverted back. Pension funds are buy and hold, so they could care less about short term fluctuations in 0.05% of their portfolio.
- sudosysgen 6y ago
  GME didn't fully revert back yet, and I'm sure a lot of them realized their gains around the peak and sold. Pensions dont make short term investments, they already had GME shares since a long time ago. They do sell when extraordinary circumstances happen and buy other stocks to hold long term again.
- paulgb 6y ago
  Just because a fund’s normal MO is to buy and hold doesn’t mean they’re asleep at the wheel and won’t react if their value hypothesis is (more than) realized overnight. (Ontario Teacher’s Pension Fund sold almost 25M shares, for example https://www.bloomberg.com/news/articles/2021-01-29/reddit-fever-ignites-mall-stock-and-fund-cashes-out-500-million https://www.bloomberg.com/news/articles/2021-01-29/reddit-fe...)
  - TheTrotters 6y ago
    NB: They sold 25M shares at ~$20/share. That's probably much more than what they paid for these shares but it's nowhere near where GME was over the past few days.
    - cj 6y ago
      GME's 52 week low is $2.57. Without knowing when they entered their position. It was hovering around $4 for a long time last year. Even if they bought in at $5, selling at $20 is absolutely a win. Yes, they could have gambled and HODL'd, but there's no reason to gamble after seeing a 4x increase on a stock very few people expected would ever break $10.
    - dashundchen 6y ago
      Just to clarify from the article - the Ontario Pension Fund was invested and cashed out stock in a commercial real estate company called Macerich that was getting associated with Gamestop on /r/wsb, not Gamestop itself.
    - betterunix2 6y ago
      Not that they had any way of knowing what would happen. $20 could have been the peak for all anyone knew, and by the end of next week selling at $20 might look like a smart move.
  - deleted 6y ago
    [deleted]
- fractionalhare 6y ago
  Pension funds are not buy and hold as a rule. They also invest in a variety of other vehicles, including hedge funds with different strategies. I guess you could say they buy and hold in the hedge fund, but that's different. Very conceivable that a pension fund had a meaningful uptick because one of the funds it invests in timed GME's crash well.
colejohnson66 6y ago
Exactly this. Wasn’t the whole point to spite short sellers even if it meant losing some?
randomdata 6y ago
> A few teacher pension funds got a good uptick and they were sharing that around. The Ontario Teachers Pension Plan, who was holding GME, is one of the largest hedge funds in existence, worth over 200 billion dollars. For comparison, Maverick Capital is worth only $15 billion. That is not a case of some little guy teachers making out well, it is the rich (if not the richest) hedge funds getting richer.
- freeone3000 6y ago
  Right, but, it actually is the Ontario Teacher's Pension Plan. It's not simply the name, it actually is the pension fund for Ontario's teachers.
  - randomdata 6y ago
    A hedge fund is a pooled investment fund that trades in relatively liquid assets and is able to make extensive use of more complex trading, portfolio-construction and risk management techniques to improve performance, such as short selling, leverage, and derivatives. That is what the OTPP does. That the hedge fund exists to fund pensions is irrelevant. If you dig into the investors behind other funds, you are likely to find that they are also investing to help fund their own retirement.
- JumpCrisscross 6y ago
  > The Ontario Teachers Pension Plan, who was holding GME, is one of the largest hedge funds in existence, worth over 200 billion dollars OTPP is a pension fund. Hedge funds are a different beast.
  - donarb 6y ago
    They may be a pension fund, but they do use hedge funds to balance their portfolio. https://www.otpp.com/investments/performance/investment-strategy/asset-mix https://www.otpp.com/investments/performance/investment-stra... "Additionally, we complement our efforts by using external hedge fund managers, which gives us access to unique approaches that both add performance and diversify risk."
gvhst 6y ago
13Fs (reports that show what certain funds are holding) are filed quarterly. While you can see who owned GME as of 12/31/2020 the flows of the past few weeks is not public knowledge yet.
ehsankia 6y ago
There are plenty of "Average people" that entered near the top, and since not everyone can sell simultaneously, that means a ton of people are losing the life savings they dumped into this out of excitement as it crashed back down. I think the point being made here is that the whole narrative of "average people beating wall street" is pretty naive and quite bullshit. All in on, maybe a few handful of people got 10x or even 100x their money, but most of the gains were most likely made by hedge funds and with the exception of one or two hedge funds who were squeezed, the majority of losses will probably be by average people.
- JakeTheAndroid 6y ago
  Well in fairness to WSB, it was really built around loss porn, not sticking it to the hedge funds. So even those people losing their life savings are contributing the to the WSB cause so long as they show off all the red.
- simias 6y ago
  Lurking the wsb threads now it's clear that none of these people have exit strategies, or even strategies at all. Even if that fabled squeeze was to take place I'm sure many of them would still be left holding the bags because they wouldn't know when to sell. And again, at this point I'm really not sold on that squeeze theory at all, it seems very plausible that it ended last week and now we're just seeing a good old pump-and-dump taking place. In the end some people are going to be very lucky and some others are going to learn a very expensive lesson about the dangers of gambling.
- jb775 6y ago
  This explains what's actually happening right now: https://www.youtube.com/watch?v=gMShFx5rThI&feature=youtu.be https://www.youtube.com/watch?v=gMShFx5rThI&feature=youtu.be
- deleted 6y ago
  [deleted]
- SignalNotSecure 6y ago
  I think there is a name for people positioning themselves in the market on the advice of self-proclaimed "retards and autists"
simias 6y ago
>The cats at wsb might be self proclaimed retards, but they're not that stupid. They know lots of other folks are going to make money off of them. You know, if you actually visit the sub, you'd know that. The sub you seem to like so much died last week. Whatever is left of it has been diluted when literally millions of people flooded it. "Eternal September" hit them hard. Right now it's filled with Q-level conspiracy theories, they parrot each other's talking point without understanding any of it ("short ladder" being the most funny and telling example of this). I can assure you that the vast majority of these people are wildly clueless about what's happening right now, they just keep telling each other that they're going to be rich. Look at this nonsense for instance: https://www.reddit.com/r/wallstreetbets/comments/lboqwm/yet_another_short_ladder_attack_to_start_the_day/ https://www.reddit.com/r/wallstreetbets/comments/lboqwm/yet_... Admittedly there are a few voices of reason being upvoted in this thread, but they're still hidden underneath the baseless "hype" claims.
- cashewchoo 6y ago
  So much this. /r/wallstreetbets is going to struggle to recover. It's absolutely Eternal September. I've been subbed to WSB for about 5 years, ever since someone at work (prop trading) mentioned it as basically being a bunch of 25-30 yo finance people hanging out and doing dumb shit in their personal accounts for fun. I'll admit, I did some dumb stuff myself, trying to time UVXY/TVIX plays. (Basically netted 0 of course). But it was fun to shitpost about it. This is astrology for finance bros. And it'd been going a bit down-hill already, but most people were still that same description: young blood, day job in finance, knows what they're doing at both a mechanical and risk level, etc. And the content reflected it. Then somehow, one of those internet things happened. WSB became a hit, people flooded in, the mod team was overwhelmed, media attention flooded in making everything worse, etc. I feel like this is what a lot of /r/the_donald people ended up now that they're looking for a new cause. So much of the rhetoric I saw once the WSB Old Guard had been overwhelmed mirrored the kind of stuff you saw out of the_donald back in 2016.
  - decafninja 6y ago
    Seems the daily thread grows so big so fast that it becomes dog slow to even browse. But yeah, a lot of the comments are just one liner garbage memes: HODL! TO THE MOOOOOON! FISTS ON CHEST NO FEAR! TO VALHALLA! DIAMOND HANDS! As well as echo chamber "encouragement" to HODL! until $1000/$9000/the moon because Mark Cuban is on our side!
notyourwork 6y ago
> You know, if you actually visit the sub, you'd know that. I'm not sure this part is needed for you to convey your point.
UncleMeat 6y ago
> The cats at wsb might be self proclaimed retards, but they're not that stupid. The sub count increased 8-fold. Any prior culture it had has been overwhelmed.
ookblah 6y ago
uh yeah there are also a ton of people losing a lot bc they got convinced to buy in at 300+. the OGs maybe, but the sub has basically quadrupled in size and brought a lot of new people who don't know anything + people looking to capitalize on that.

3327 6y ago

Hi Autist from WSB here. Diamond hands, and deepfuckingvalue we trust. DD is gold. not selling is Diamond. Stick to your guns. Don't let the Algos shake u out. See you techies in Valhalla.

EugeneG 6y ago

Any uptick a pension fund would have had was lost once GME reverted back. Pension funds are buy and hold, so they could care less about short term fluctuations in 0.05% of their portfolio.

sudosysgen 6y ago
GME didn't fully revert back yet, and I'm sure a lot of them realized their gains around the peak and sold. Pensions dont make short term investments, they already had GME shares since a long time ago. They do sell when extraordinary circumstances happen and buy other stocks to hold long term again.
paulgb 6y ago
Just because a fund’s normal MO is to buy and hold doesn’t mean they’re asleep at the wheel and won’t react if their value hypothesis is (more than) realized overnight. (Ontario Teacher’s Pension Fund sold almost 25M shares, for example https://www.bloomberg.com/news/articles/2021-01-29/reddit-fever-ignites-mall-stock-and-fund-cashes-out-500-million https://www.bloomberg.com/news/articles/2021-01-29/reddit-fe...)
- TheTrotters 6y ago
  NB: They sold 25M shares at ~$20/share. That's probably much more than what they paid for these shares but it's nowhere near where GME was over the past few days.
  - cj 6y ago
    GME's 52 week low is $2.57. Without knowing when they entered their position. It was hovering around $4 for a long time last year. Even if they bought in at $5, selling at $20 is absolutely a win. Yes, they could have gambled and HODL'd, but there's no reason to gamble after seeing a 4x increase on a stock very few people expected would ever break $10.
  - dashundchen 6y ago
    Just to clarify from the article - the Ontario Pension Fund was invested and cashed out stock in a commercial real estate company called Macerich that was getting associated with Gamestop on /r/wsb, not Gamestop itself.
  - betterunix2 6y ago
    Not that they had any way of knowing what would happen. $20 could have been the peak for all anyone knew, and by the end of next week selling at $20 might look like a smart move.
- deleted 6y ago
  [deleted]
fractionalhare 6y ago
Pension funds are not buy and hold as a rule. They also invest in a variety of other vehicles, including hedge funds with different strategies. I guess you could say they buy and hold in the hedge fund, but that's different. Very conceivable that a pension fund had a meaningful uptick because one of the funds it invests in timed GME's crash well.

colejohnson66 6y ago

Exactly this. Wasn’t the whole point to spite short sellers even if it meant losing some?

randomdata 6y ago

> A few teacher pension funds got a good uptick and they were sharing that around. The Ontario Teachers Pension Plan, who was holding GME, is one of the largest hedge funds in existence, worth over 200 billion dollars. For comparison, Maverick Capital is worth only $15 billion. That is not a case of some little guy teachers making out well, it is the rich (if not the richest) hedge funds getting richer.

freeone3000 6y ago
Right, but, it actually is the Ontario Teacher's Pension Plan. It's not simply the name, it actually is the pension fund for Ontario's teachers.
- randomdata 6y ago
  A hedge fund is a pooled investment fund that trades in relatively liquid assets and is able to make extensive use of more complex trading, portfolio-construction and risk management techniques to improve performance, such as short selling, leverage, and derivatives. That is what the OTPP does. That the hedge fund exists to fund pensions is irrelevant. If you dig into the investors behind other funds, you are likely to find that they are also investing to help fund their own retirement.
JumpCrisscross 6y ago
> The Ontario Teachers Pension Plan, who was holding GME, is one of the largest hedge funds in existence, worth over 200 billion dollars OTPP is a pension fund. Hedge funds are a different beast.
- donarb 6y ago
  They may be a pension fund, but they do use hedge funds to balance their portfolio. https://www.otpp.com/investments/performance/investment-strategy/asset-mix https://www.otpp.com/investments/performance/investment-stra... "Additionally, we complement our efforts by using external hedge fund managers, which gives us access to unique approaches that both add performance and diversify risk."

gvhst 6y ago

13Fs (reports that show what certain funds are holding) are filed quarterly. While you can see who owned GME as of 12/31/2020 the flows of the past few weeks is not public knowledge yet.

ehsankia 6y ago

There are plenty of "Average people" that entered near the top, and since not everyone can sell simultaneously, that means a ton of people are losing the life savings they dumped into this out of excitement as it crashed back down. I think the point being made here is that the whole narrative of "average people beating wall street" is pretty naive and quite bullshit. All in on, maybe a few handful of people got 10x or even 100x their money, but most of the gains were most likely made by hedge funds and with the exception of one or two hedge funds who were squeezed, the majority of losses will probably be by average people.

JakeTheAndroid 6y ago
Well in fairness to WSB, it was really built around loss porn, not sticking it to the hedge funds. So even those people losing their life savings are contributing the to the WSB cause so long as they show off all the red.
simias 6y ago
Lurking the wsb threads now it's clear that none of these people have exit strategies, or even strategies at all. Even if that fabled squeeze was to take place I'm sure many of them would still be left holding the bags because they wouldn't know when to sell. And again, at this point I'm really not sold on that squeeze theory at all, it seems very plausible that it ended last week and now we're just seeing a good old pump-and-dump taking place. In the end some people are going to be very lucky and some others are going to learn a very expensive lesson about the dangers of gambling.
jb775 6y ago
This explains what's actually happening right now: https://www.youtube.com/watch?v=gMShFx5rThI&feature=youtu.be https://www.youtube.com/watch?v=gMShFx5rThI&feature=youtu.be
deleted 6y ago
[deleted]
SignalNotSecure 6y ago
I think there is a name for people positioning themselves in the market on the advice of self-proclaimed "retards and autists"

simias 6y ago

>The cats at wsb might be self proclaimed retards, but they're not that stupid. They know lots of other folks are going to make money off of them. You know, if you actually visit the sub, you'd know that. The sub you seem to like so much died last week. Whatever is left of it has been diluted when literally millions of people flooded it. "Eternal September" hit them hard. Right now it's filled with Q-level conspiracy theories, they parrot each other's talking point without understanding any of it ("short ladder" being the most funny and telling example of this). I can assure you that the vast majority of these people are wildly clueless about what's happening right now, they just keep telling each other that they're going to be rich. Look at this nonsense for instance: https://www.reddit.com/r/wallstreetbets/comments/lboqwm/yet_another_short_ladder_attack_to_start_the_day/ https://www.reddit.com/r/wallstreetbets/comments/lboqwm/yet_... Admittedly there are a few voices of reason being upvoted in this thread, but they're still hidden underneath the baseless "hype" claims.

cashewchoo 6y ago
So much this. /r/wallstreetbets is going to struggle to recover. It's absolutely Eternal September. I've been subbed to WSB for about 5 years, ever since someone at work (prop trading) mentioned it as basically being a bunch of 25-30 yo finance people hanging out and doing dumb shit in their personal accounts for fun. I'll admit, I did some dumb stuff myself, trying to time UVXY/TVIX plays. (Basically netted 0 of course). But it was fun to shitpost about it. This is astrology for finance bros. And it'd been going a bit down-hill already, but most people were still that same description: young blood, day job in finance, knows what they're doing at both a mechanical and risk level, etc. And the content reflected it. Then somehow, one of those internet things happened. WSB became a hit, people flooded in, the mod team was overwhelmed, media attention flooded in making everything worse, etc. I feel like this is what a lot of /r/the_donald people ended up now that they're looking for a new cause. So much of the rhetoric I saw once the WSB Old Guard had been overwhelmed mirrored the kind of stuff you saw out of the_donald back in 2016.
- decafninja 6y ago
  Seems the daily thread grows so big so fast that it becomes dog slow to even browse. But yeah, a lot of the comments are just one liner garbage memes: HODL! TO THE MOOOOOON! FISTS ON CHEST NO FEAR! TO VALHALLA! DIAMOND HANDS! As well as echo chamber "encouragement" to HODL! until $1000/$9000/the moon because Mark Cuban is on our side!

notyourwork 6y ago

> You know, if you actually visit the sub, you'd know that. I'm not sure this part is needed for you to convey your point.

UncleMeat 6y ago

> The cats at wsb might be self proclaimed retards, but they're not that stupid. The sub count increased 8-fold. Any prior culture it had has been overwhelmed.

ookblah 6y ago

uh yeah there are also a ton of people losing a lot bc they got convinced to buy in at 300+. the OGs maybe, but the sub has basically quadrupled in size and brought a lot of new people who don't know anything + people looking to capitalize on that.