Revealed: The Trader Who Made a Massive Short Bet Against Nintendo

Melvin Capital has a $402 million bet against Nintendo
Share declines have bewildered analysts and executives

Melvin Capital Management’s Gabriel Plotkin has accumulated a $400 million short against Nintendo. (Source: Bloomberg)

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By Yuji Nakamura

July 30, 2018 at 5:08 AM UTC

Updated on

July 30, 2018 at 8:31 AM UTC

This article is for subscribers only.

There’s a new villain in the world of Nintendo Co.

Gabriel Plotkin, head of New York hedge fund Melvin Capital Management, has accumulated a $400 million short bet against the Japanese game maker, according to regulatory filings. The former star trader at SAC Capital Advisors accounted for as much as 7 percent of Nintendo’s daily volume in recent weeks, contributing to stock declines since May that have stunned analysts.