GameStop guru 'Roaring Kitty' says he has $40 million in his portfolio - a 1,100% gain in 3 months

• Keith Gill boasted $40 million of GameStop shares, call options, and cash on Wednesday.
• The retail investor's portfolio surged 1,100% in value last quarter.
• Gill, who goes by Roaring Kitty, doubled down on GameStop in February.
• $4.

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The amateur investor who helped inspire the GameStop $4 ended the first quarter with $40 million in his portfolio - a 1,100% gain in three months.

$4, who goes by u/DeepFuckingValue on Reddit and the name Roaring Kitty on YouTube, posted a $4 of his portfolio on the Wall Street Bets subreddit on Wednesday. It showed a total of $39.8 million in assets, comprising $19 million in GameStop shares, $8.9 million in bullish call options on the stock, and $11.9 million in cash.

Gill, who initially invested $50,000 in GameStop back in June 2019, uploaded a $4 at the end of last year showing his portfolio was worth $3.2 million at the time. It skyrocketed in value during the buying frenzy, reaching $48 million on January 27. However, it tumbled to about $17 million on February 19 after the video-game retailer's stock deflated.

Many investors would have been tempted to cash out their profits, but Gill doubled his direct holding to 100,000 shares in mid-February. GameStop's stock price rallied from around $40 on $4 to $190 on March 31, resulting in a strong rebound for his portfolio.

Insider was unable to verify Gill's screenshots, but the Wall Street Journal $4 in January and confirmed it held over $30 million in assets at the time.

Gill's massive windfall isn't just the product of a social-media mob targeting a heavily shorted stock in an attempt to get rich quick and stick it to Wall Street. It also reflects an $4 from "The Big Short" investor Michael Burry, who bought a stake in GameStop in 2019 and wrote several letters to the retailer's board calling for changes.

More significantly, Chewy cofounder Ryan Cohen $4 in GameStop last year, $4 a board seat in January, and has helped the company make a $4 that signal it's focusing more on e-commerce.

Here's a chart showing how Gill's GameStop bet performed last quarter: