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2/16/2024 GameStop (GME) Estimated DRS count: 76,034,912

2/16/2024 Estimated DRS count: 76,034,912 ((using today's DRSbot total + fix inadvertent DRSbot offline or resets) x 4.129)

The 4.129 multiplier comes from 11/30/2023 Form 10-Q divided by DRSbot 11/30/2023 total: 75,400,000 / 18,262,331 = 4.129

Bloomberg data (to 12/9/2023), 12/31/2023 Blackrock addition, 12/29/2023 Vanguard addition, DRS estimated count, stuck in IRA estimates, and other:

Holding Number of shares As of
Former Insiders (Other) 14,339,510 12/9/2023
ETFs 29,950,420 12/9/2023
MFs, Index Funds, Pension Funds, etc 36,902,186 2/13/2024
Other Institutional Ownership 30,102,685 12/9/2023
Insiders 38,655,910 12/9/2023
DRS'd - 200k Computershare accounts 76,034,912 2/16/2024
Non-DRS - 200k acct if 30% stuck in IRA 22,810,474 2/16/2024
Non-DRS - 200k acct if 50% stuck in IRA 15,206,982 2/16/2024
Other 41,511,236 2/16/2024
  • Total Outstanding on 11/30/2023: 305,514,315
  • Thank you to lawsondt for the Bloomberg data to 12/9/2023
  • Vanguard increased shares by 785,823 on 12/29/2023 (2/13/2024 file date). From 24,664,433 to 25,450,256.
  • Blackrock increased shares by 567,123 on 12/31/2023 (1/26/2024 file date). From 21,977,404 to 22,544,527.
  • "Non-DRS - 200k acct if 30% stuck in IRA" is a conservative percentage. The Google share count surveys have suggested the 200k Computershare accounts have 40-50% additional shares stuck in IRAs.
  • "Fix inadvertent DRSbot offline or resets" is primarily whale #1's 1,390,972 DRS shares (as of 1/4/2024). Long story of switching subs and losing her DRS share count. So added the "fix inadvertent" column to capture her DRS shares.
  • Starting 1/4/2024, whale #1 started gift transferring DRS shares to others. 1,390,995 (on 12/25/2023) to now 1,390,972 (on 1/4/2024). Unfortunately, Computershare only allows one gift per month, and only up to $2000.

Discussion points:

  • It seems odd on some of the DRS count fluctuations since the beginning.
  • There have been 2 "somewhat hidden" 2022 rugpulls (May 2022 and Aug/Sep/Oct 2022), the June 2023 Mainstar rugpull, and now the Sep/Oct/Nov 2023 rugpull.
  • It seems odd on recent DRS count stagnating (excluding the Mainstar rugpull of 1.27 million shares). From a very simplistic view assuming 200,000 Computershare accounts:
Buy X number of shares a month Multiply by 3 months per quarter Total DRS per quarter if 100,000 active accounts Total DRS per quarter if 200,000 active accounts
1 3 300,000 600,000
2 6 600,000 1,200,000
3 9 900,000 1,800,000
4 12 1,200,000 2,400,000
5 15 1,500,000 3,000,000
  • The April 2023 list of stockholders DRS numbers seem correct and line up with SEC filings.
  • Possible some investors have had to un-DRS.
  • Possible economic slowdown and inflation have reduced investor purchasing power.
  • Possible whale investors who helped inflate DRS numbers alot, have dramatically slowed down their purchasing.
  • Tinfoil - certain parties inflate DRS shares 9 to 18 months back, then drain their DRS shares later. Probably spread across say 3,000 accounts to make it seem like normal activity.
  • Tinfoil - operational efficiency draining from DRS non-Book shares on certain dates.
  • Tinfoil - possible something funny with SEC filing reported number.
  • There is the recent post from sister sub, google search on: Deep analysis on Computershare recurring buys reddit

He examines the bi-weekly recurring Computershare buys. The bi-weekly recurring buys were around $900k to $1.5 million.

An alternative DRS count estimation may be estimating money spent by retail purchasing GME per quarter. It was around $1.2 million average per 6 recurring Computershare buys per quarter. Then say a massively conservative $200k per other trading day. So:

If average $1.2 million spent per bi-weekly purchase, and say $14 a share, multiply by 6 for one GME quarter:

  • 1,200,000 / 14 = 85,714 shares * 6 = 514,284 shares
  • The 6 recurring buys alone should add 514,284 DRS shares.

Other 54 trading days:

  • $200,000 / $14 a share = 14,285 shares a day
  • 54 * 14,285 = 771,390 shares

Total:

514,284 + 771,390 = +1,285,674 DRS shares a quarter

Additional data:

Number of Computershare accounts:

Date Number of Computershare accounts
5/8/2023 213,4xx
8/2023 or 9/2023 213,500
10/24/2023 216,3xx
11/21/2023 217,xxx
12/10/2023 218,xxx
1/4/2024 218,4xx

Number of record holders:

Date Source Number of record holders
3/11/2022 Form 10-K 125,543
3/22/2023 Form 10-K 197,058
4/21/2023 List of stockholders 197,954

4/21/2023 List of stockholders top 25 holders (Credit: drs gme org contributors):

Position Who Number of shares
1 Cede & Co 228,451,023.9
2 1,200,009
3 203,868.0026
4 160,000
5 146,896
6 128,000
7 109,812
8 108,000
9 108,000
10 GameStop Omnibus Account 78,012
11 72,000
12 66,000
13 65,329
14 61,536
15 60,140
16 60,000
17 60,000
18 58,000
19 57,884
20 57,065.16734
21 55,840
22 55,479.32866
23 53,000.09312
24 51,600
25 50,810.5893

2/7/2024 Insider share count via SEC Form 4 filings:

Who Number of shares As of
Ryan Cohen 36,847,842 6/9/2023
Patel Nir Vinay 1,004,695 7/10/2023
Alain Attal 562,464 9/8/2023
Mark Robinson 68,687 1/2/2024
Lawrence Cheng 55,088 9/8/2023
James Grube 23,864 6/15/2023
Daniel Moore 22,963 1/2/2024
Xu Yang 19,860 6/15/2023

GME Volume last 2 years:

Year Volume
2022 2,825,293,700
2023 1,167,878,465

15 lowest volume days (to 2/15/2024):

Rank Date Volume Closing price
1 8/3/2023 1,318,700 $20.93
2 8/8/2023 1,431,300 $20.74
3 8/10/2023 1,432,400 $20.19
4 8/7/2023 1,441,300 $21.07
5 7/26/2023 1,489,200 $22.70
6 8/11/2023 1,500,200 $20.19
7 5/9/2023 1,522,700 $20.24
8 5/11/2023 1,652,500 $20.88
9 1/30/2024 1,652,600 $14.55
10 7/25/2023 1,672,000 $22.85
11 9/27/2023 1,681,300 $17.15
12 11/8/2023 1,705,600 $13.28
13 7/12/2023 1,742,200 $23.44
14 4/13/2023 1,803,900 $22.55
15 7/3/2023 1,806,600 $24.91
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