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12/1/2023 GameStop (GME) Estimated DRS count: 76,261,272

12/1/2023 Estimated DRS count: 76,261,272 ((using today's DRSbot total + fix inadvertent DRSbot offline or resets) x 4.175)

The 4.175 multiplier comes from 8/31/2023 Form 10-Q divided by DRSbot 8/31/2023 total: 75,400,000 / 18,059,540 = 4.175

Bloomberg data (to 9/11/2023), DRS estimated counts, and other:

Holding Number of shares As of
ETFs 29,138,064 9/8/2023
MFs, Index Funds, Pension Funds, etc 33,999,059 9/8/2023
Other Institutional Ownership 32,373,815 9/8/2023
Insiders Stagnant 14,339,510 9/8/2023
Insiders 38,540,578 9/11/2023
DRS'd - 200k Computershare accounts 76,261,272 12/1/2023
Non-DRS - 200k acct 25% stuck in IRA 19,065,318 12/1/2023
Other 61,523,678 12/1/2023
  • Total Outstanding on 8/31/2023 and 10/12/2023: 305,241,294
  • Thank you to lawsondt for the Bloomberg data to 9/8/2023.
  • "Non-DRS - 200k acct 25% stuck in IRA" is a conservative percentage. The Google share count surveys have suggested the 200k Computershare accounts have 30-40% additional shares stuck in IRAs.
  • "Fix inadvertent DRSbot offline or resets" is primarily whale #1's 1,389,665 DRS shares (11/21/2023). Long story of switching subs and losing their DRS share count. So added the "fix inadvertent" column to capture their DRS shares.

Discussion points:

  • It seems "odd" on some of the DRS count fluctuations since the beginning.
  • 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 has reduced investor purchasing power.
  • Possible whale investors who helped inflate DRS numbers alot, have dramatically slowed down their purchasing.
  • Tinfoil - forces inflating DRS shares 9 to 12 months back, then draining their DRS shares later. Probably spread across say 3,000 accounts to make it seem like normal activity.
  • 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. If say 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

The 6 recurring buys alone should add 514,284 DRS shares.

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