Melvin Capital’s Comeback Plan

Gabe Plotkin made several moves in the third quarter in a bid to reverse his fund’s still considerable losses.

Stephen Taub November 16, 2021

Gabe Plotkin

(Alex Flynn/Bloomberg)

Melvin Capital Management has significantly shaken up its portfolio in recent months.Five stocks cracked the long-short fund’s top-six holdings since the third quarter, after the hedge fund firm doubled or more than doubled their stakes. At the same time, Melvin fully unloaded what was its

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