(Reuters) - Hedge fund Melvin Capital Management on Tuesday disclosed it had raised the put option on Class A shares of U.S. video game chain GameStop Corp (NYSE:GME) to 6 million shares for the quarter ended Dec. 31, from 5.4 million shares in the past quarter.
The disclosure - which comes after a flood of retail trading drove GameStop and other shares to extreme highs in late January and squeezed hedge funds like Melvin Capital that had bet against it - does not reflect January's moves when Melvin said it liquidated its GameStop position.
Separately, the hedge fund reported a stake of 300,000 Class A shares in Airbnb as of Dec. 31, according to a regulatory filing.
While investors may be especially interested in Melvin's position in GameStop, the firm also adds and sheds many other stock names every quarter, making the so-called 13F filings that detail quarterly holdings closely watched.
In the fourth quarter Melvin added a new position in Facebook (NASDAQ:FB) by buying 4.6 million shares.
The fund, founded by Gabriel Plotkin, also increased its investment in financial company Mastercard Inc (NYSE:MA) by 168% during the quarter.
It raised its stake in Visa (NYSE:V) by 59%. The hedge fund also put on a new call option on Mastercard and increased the call option on Visa by 110%.
Stocks that may get a boost once life returns to some semblance of normal as a COVID-19 vaccine is rolled out also got a boost in the portfolio.
For example, the fund's stake in hotelier Hilton Worldwide Holdings (NYSE:HLT) was raised by 125% during the quarter. Similarly the firm bought more shares in Nike (NYSE:NKE), raising its holdings by 21%.