Actually you were right, Fidelity did sell off all the stock they owned. https://www.wsj.com/articles/fidelity-cashes-in-most-of-gamestop-stake-11612980430 htt

Actually you were right, Fidelity did sell off all the stock they owned. https://www.wsj.com/articles/fidelity-cashes-in-most-of-gamestop-stake-11612980430 https://www.wsj.com/articles/fidelity-cashes-in-most-of-game... https://www.bloomberg.com/news/newsletters/2021-02-11/why-gamestop-didn-t-sell-any-stock-during-the-reddit-rally-kl14hqg1 https://www.bloomberg.com/news/newsletters/2021-02-11/why-ga... They owned 13% of the company; now they own only 87 shares; they sold 9.3 million shares in 1 month. So, during the Robinhood GME debacle, Fidelity could sidestep the issue, since they wanted to sell their own GME shares anyway, and also managed to look good in the process (no GME buying restrictions compared to Robinhood etc); win win for them