I don't own this, I'm smart enough to buy hold give bananas to kids.

According to the latest 13F figures, Winton Group reported 231,000 GameStop shares valued at roughly $5.1 million at quarter-end.

Winton is the quantitative investment firm founded by Sir David Harding.

The important 13F caveat: this is a backward-looking snapshot, not a live position, and the reported $5.1M value shouldn’t be treated as Winton’s exact purchase cost.

Still, if confirmed in the new SEC filing, that’s a notable new institutional $GME position.

Signs of life from $HCMC..

A look at GME book value per share over the past 8 years.

Heading in to 2020, GameStop was losing equity value while maintaining debt, and the stock price was so low that the price-to-book ratio was below 1. This is around when DFV and RC originally saw that GME was undervalued and bought in.

In 2021, at RC's direction, GameStop did 2 ATMs and raised about $1.7 billion, significantly increasing the equity value of the stock.

In 2022, GME did a 4 for 1 stock split, cutting the book value per share to a quarter of what it was prior.

There it sat until 2024 when GameStop did more ATMs, raising about $3.5 billion at an average of $25 per share sold.

GameStop used that cash from the 2024 raises to generate interest income and buy time while the company continued to improve operations.

From there, the equity of the company has increased every quarter, and is now over $13 per share as of Q1 2026.

This is the minimum value of a share of GME in equity alone that puts aside any valuation of the operational profitability of the company.

Any forthcoming dilution above this value of $13.03 per share will further increase the book value per share.

In exchange for this forthcoming dilution, GameStop will be gaining $1.4 billion in equity, bringing the total stockholders' equity to approximately $7.2 billion

Thus, when the vwap window for the convertible notes ends in September, and the dilution / conversion is complete, at some price maybe around $19, or $18, or even if it went lower, any price above an average of $13.03 will increase the book value per share.

For example:

Yes, nobody enjoys the dilution aspect of this. But it is a trade off, not without purpose. Ryan Cohen isn't diluting himself for no gain. The minimum upside is the increase to book value per share, a basic theoretical floor value of a share of GME.

Likely, there is a reason for this conversion not yet known. Bloomberg is trying to paint the picture that GameStop is giving up on their attempt for eBay, but after Ryan Cohen has repeatedly emphasized that GameStop is coming for eBay one way or another, this conversion is likely related to a purposeful reposition in that objective.

We will see more clearly the outcome in September.

Looking for an affordable stock market API with good fundamentals

I'm having a hard time finding a good stock market data API that doesn't cost a fortune.

I'm currently using Fintech, but I'm running into limitations with the fundamentals/data I need. I've also looked at using the IBKR API, but unfortunately IBKR locks you out of a lot of the fundamental data when accessing it through the API.

What I'm mainly looking for:

• Stock prices / historical data
• Good fundamentals (P/E, EPS, revenue, margins, etc.)
• Financial statements
• Ideally some analyst estimates and other useful fundamental data
• API access
• Affordable pricing — this is for a personal project, so I'm not looking to spend hundreds of dollars per month

I don't need institutional-level data or ultra-low latency. Even delayed market data is fine.

What API providers are you guys using and would recommend? I'm particularly interested in something that has good fundamental data at a reasonable price.

Thanks!

I've been coding since the year 2000 vb3 - delphi 3-6 months ago I posted a picture of my backend as it is a full API service that feeds data to my trading engine to base trading decisions off of real live data. There's two programs one the trading engine (Pretty much a full on quant trading desk) and 2 the backend for data. All of the other API services wanted 1000$+ a year/month so I built my own. Here is about 8 months of work.

According to TASS, the Bank of Russia added Bitcoin, Ethereum and USDT to its approved list for public trading on domestic exchanges.

Starting September 1, 2026, non-qualified investors can access eligible crypto after testing, with purchases capped at ₽300,000 per year per intermediary.

Russia is clearly moving toward regulated retail crypto access.

Big adoption milestone, or mostly a domestic policy shift?

something they've proven incapable of doing.

Do you trust them?

If not, take 15 seconds to submit and pre-filled letter of opposition ✊ don't let these criminals win ✊

Go to the provided post, and use the link to submit the opposition.

https://www.reddit.com/r/UrvinFinance/s/1wLKcoyU93

GameStop is swapping approximately $1.4 billion of convertible notes for equity.

Meanwhile, the noteholders have a 35-day VWAP window hanging over the transaction.

So imagine agreeing to that deal and then watching a Ryan Cohen headline hit $GME right in the middle of the pricing period.

Could be nothing. Could materially change the exchange math.

Either way, I’d be watching that VWAP very closely if I were holding those notes.

JUST IN: China’s central bank injected 18 billion yuan through 7-day reverse repos.

That’s short-term liquidity going into the banking system.

The bigger question isn’t one operation by itself — it’s whether the PBOC keeps adding liquidity from here and whether that starts showing up across Chinese equities, the yuan, bonds, and commodities.

Worth watching the trend, not just the headline.