[2] Melvin Capital invested primarily in technology and consumer stocks and was noted for its high annual returns in comparison to other hedge funds.
[1] Plotkin was mentioned in the Securities and Exchange Commission's civil complaint against Michael Steinberg, a fellow SAC portfolio manager who was arrested on charges he traded Dell's earnings based on insider information.
[10] During his time at SAC Capital, Plotkin allegedly received emails containing illegal insider information,[11] but was not charged with any wrongdoing.
[15] In its first full year in operation, Melvin Capital had returns of 47%, ranking it 2nd in Bloomberg's 2015 list of top-performing funds with $1 billion or more in assets under management.
[6] Notable short positions included bets against J.C. Penney Co. and renewable-energy company SunEdison Inc., both of which ultimately went bankrupt.
[15] In September 2020 the name of company showed up in the Polish Short Sale Registry (Rejestr Krótkiej Sprzedaży) because of a short position in game developers CD Projekt, a net position of 0.55 percent through the Polish stock exchange (GPW).
[23] Users of the subreddit r/WallStreetBets made widespread bets believing that GameStop's stock would increase in value.
[24] In January, Citadel and Point72 invested $2.75 billion in Melvin in exchange for non-controlling revenue shares of the fund.
[6] Subsequent to the GameStop short squeeze event, Melvin Capital disclosed that it was the target of at least nine lawsuits relating to its behavior during that period.
[36] In May 2022, Bloomberg News reported that Melvin Capital planned to close its funds and return the cash to its investors by June 30.
[41] Plotkin led a group of investors who bought Jordan's majority stake in the Hornets in June 2023.