Melvin Capital

[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.

CIO Gabe Plotkin testified to the House Financial Services Committee about Melvin Capital's involvement in the GameStop short squeeze in 2021