Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats. 2 0 obj He started his career under Ken . May 19, 2022. * Officer compensation may be included in charitable disbursements, so values may add up to greater than 100%. Tallwoods Capital is a Miami Beach-based family office that focuses on long-term investments. [1] It was founded in 2014 by Gabriel Plotkin, who named the firm after his late grandfather. Service. This data release includes only a subset of what can be found in the full Form 990s. The people, governance practices, and partners that make the organization tick. According to the Wall Street Journal, Melvin Capital lost 53% on its investments in January 2021 alone. We welcome all corrections and feedback using the button below. All rights reserved.Combined Federal Campaign (CFC) #69859 | Fallen Patriots is a 501(c)(3) non-profit organization. Extracted financial data is not available for this tax period, but Form 990 documents are available for download. Sign in or create an account to view Form(s) 990 for 2019 and 2018. This data release includes only a subset of what can be found in the full Form 990s. According to federal prosecutors, at some point during his time at SAC Capital Gabriel was the recipient of insider information. Two other firms invested . about GuideStar Pro. Family foundations . The losses were so large that Melvin reportedly had to request a $2.75 billion capital injection from Point72 and Citadel in exchange for the rights to a portion of the fund's future revenues. Chicago. Privacy Policy The Plotkin family name was found in the USA, and Canada between 1911 and 1920. Mr. Plotkin is married to Yaara Bank-Plotkin. Note: The absence of a rating does not indicate a positive or negative assessment; it only indicates that we have not yet evaluated this organization. Gabriel Plotkin has a rich personal life as well as a busy career. He filed plans with the city which showed plans to raze one of the properties and replace with a tennis court and gardens. At the center of last months GameStop frenzy, the head of the hedge fund said Redditors targeted him with anti-Semitic slurs and text messages. According to Wikipedia, Gabriel Plotkin is a college graduate. Gabriel Plotkin runs Melvin Capital Management, a hedge fund firm with $3.5 billion under management. Read the API documentation . Cabe Plotkin raised almost a billion dollars for the fund. Revenue and expense data is not available for this organization. Total assets. At the last update at the end of January, Plotkins hedge fund was down by 53 percent. This data is only available if this charity has at least one year of electronically-filed Form 990 data filed within the last six years. The couple married in 2006 and are still together. After college he went to work at the hedge fund Citadel LLC. The most Plotkin families were found in USA in 1920. He had previously been one of the most prominent traders at Steve Cohens SAC Capital hedge fund. Plotkin founded Melvin Capital, after leaving SAC during the insider trading blowup, in late 2014, naming the fund after his late grandfather who was a small-business owner. See the list , The data powering this website is available programmatically, via an API. Three of them surged in price through late January. Why is it so difficult to predict events and consequences too far into the future? endobj Total revenues. During the testimony, Plotkin explained that Melvin Capital shorted GameStop stock because the firm did and still does believe that the retail chains business model is being overtaken by video game downloads. GameStop: In early 2021, members of the subreddit r/wallstreetbets built a groundswell of criticism aimed at fund managers like Plotkin who aggressively shorted the stock of struggling companies. He currently serves as the Chief Investment Officer of the hedge fund that he established. * Officer compensation may be included in charitable disbursements, so values may add up to greater than 100%. Chanel has created a fragrance that imbibes and represents the houses founder Gabrielle Chanel. This organization is required to file an IRS Form 990-PF. I wanted the firm to represent his valuesintegrity, hard work, taking care of customers and employees, and commitment to excellence, he added. Officers, directors, trustees, and key employees, Analyze a variety of pre-calculated financial metrics, Access beautifully interactive analysis and comparison tools, Compare nonprofit financials to similar organizations, Revenue and expense data for the current fiscal year, CEO, Board Chair, and Board of Directors information, *with the ability to download the data for 2019, 2018. Submit a correction suggestion and help us fix it! If you have used our data or site in your research or reporting, add credit and a link to Nonprofit Explorer in your story or publication and let us know. According to federal prosecutors, at some point during his time at SAC Capital Gabriel was the recipient of insider information. While Reddit users encouraged each other to negotiate in the opposite direction of Melvins investments, they also took personal attacks on Plotkin, he said. According to Bloomberg, during 2020 Plotkin earned over $800 million in compensation. Gabriel and Yaara got hitched in the year 2006. Last Update. The redditers paid particular attention to the short sales of video game rental company GameStop, which was the most-shorted stock on American exchanges. There are no subtleties present about Yaara Bank-Plotkins youngsters. Gabriel and Yaara Plotkin Family Foundation cannot currently be evaluated by our Impact & Results methodology because either (A) it is eligible, but we have not yet received data; (B) we have not yet developed an algorithm to estimate its programmatic impact; (C) its programs are not direct services; or (D) it is not heavily reliant on Mr. Plotkin is married to Yaara Bank-Plotkin. The Gabriel and Yaara Plotkin Family Foundation is a private foundation located in New York, NY. See rating report below to learn why this organization is not currently eligible. Below are some key data points from the Exempt Organization IRS Business Master File (BMF) for this organization. 9. Galleon shut down in 2009, following Rajaratnam's arrest, and a year later Shaulov founded . The firm, which is named after Gabes grandfather, quickly raised $1 billion in capital. He has received a great deal of attention in the recent wake of the GameStop investment debacle that resulted in billions of dollars in debt for hedgers shorting the stock. Required fields are marked *. Aly & AJ are one of music's most inspiring success stories, enjoying a creative renaissance in their second act. Read the full story . After he graduated from Northwestern, Gabriel accepted a job at SAC Capital. Duplicated download links may be due to resubmissions or amendments to an organization's original return. Michael Jordan/Hornets Investment: In 2019, Gabe and another hedge fund manager bought a portion of Michael Jordans ownership stake in the NBAs Charlotte Hornets. Gabriel Plotkin Melvin capital worth, Wife, Age, on Gabriel Plotkin Melvin capital worth, Wife, Age. Personal Life and Real Estate:In November 2020, Gabe paid a total of $44 million for two adjacent homes in North Bay Road in Miami, Florida. Melvin Capital reportedly lost 30% of its fund value very quickly thanks to its massive short position in GameStop. Melvin Capital which Plotkin named after his grandfather closed its short position on GameStop at a loss in the last week of January as its stock price climbed to a high of $ 483 per share. by Bana Miller. 5 min read. ynfx9/EYQ 7dM2gcAs~/cojcbD? Gabe Plotkin is the CIO of Melvin Capital. In its initial 13F filing covering the fourth quarter and publicly disclosed in mid-February, Melvin had listed eight stocks for which it held put options.Gabriel Plotkin. BOSTON (Reuters) - Gabriel Plotkin will on Thursday explain his hedge fund's massive losses in the GameStop trading frenzy, and he plans to tell U.S. lawmakers that Melvin Capital Management follows securities laws, does not manipulate stocks and conducts extensive research before making bets. Please refresh the page Check back later to see if this organization has a rating history! Plotkin was allegedly forwarded several emails by Steinberg and others that contained insider information. He graduated from Northwestern University with an Economics degree in 2001. Offers may be subject to change without notice. Terms of Sign up to get ProPublicas biggest stories delivered straight to your inbox. Gabriel was on in Portland, Maine and this is where he grew up. Your donation attempt encountered a problem. Read the IRS instructions for 990 forms. Why Aren't Donated Clothes Always Given Away for Free? These times of financial uncertainty require soccer agents to have a clear picture of each club's spending power. EIN 46-4942784 . Melvin Capital also contended that rumors of the fund intending to file for bankruptcy are false. The net worth of Gabriel Plotkin reportedly took a beating earlier in January as Reddit users took aim as his Melvin Capital Management in a headline-making short squeeze of GameStop stock (NYSE: GME). ET The net worth of Gabriel Plotkin reportedly took a. The posts said things like, Its very clear we need a second Holocaust. Already have a GuideStar Account? The acquisition valued the Hornets at $1.5 billion. GABRIEL PLOTKIN - FOUNDER & CIO, Tallwoods CAPITAL Children of Fallen Patriots Board of Advisors, Advisor Plotkin founded Tallwoods Capital LLC in 2022 and serves as the firm's Chief Investment Officer. %PDF-1.7
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1 0 obj $2800/month total (Arielle Oct Update) | DS408 | Doug.Show, Keep your friends close and your enemies closer, How to make great makeup for the first date in 2022, Umbrella Wholesale Business Start-Up Advice, The Top 10 Garden Accessories to Wholesale, The Art of Electric Shaving: 5 Tips and Tricks for a Smooth Shave, 3 Ways Bad Weather Can Affect Package Shipping & Delivery. Gabriel Plotkin, formerly a top trader for Steve Cohen's Point72, put out his own shingle in 2014, opening Melvin Capital with $1 billion in seed money . If you would like us to contact you for follow up, please include your name and e-mail address and we will be in touch. Gabe Plotkin Net Worth: Gabriel "Gabe" Plotkin is an American hedge fund manager who has a net worth of $400 million. We have great confidence in Gabe and his team," Ken Griffin, founder and CEO of Citadel, said in a statement. Plotkin mostly trades consumer stocks and in 2017 Melvin Capital posted returns of 41% net of fees. Through the end of January 2021, the fund was down 53%, according to The Wall Street Journal. The couple engages in some of their favorite activities with their son including sporting events and petting zoos, like any other family, but they feel a strong sense of community and they are dedicated to doing what they can to support the Jewish Community through their efforts in a partnership with Chabad. Build relationships with key people who manage and lead nonprofit organizations with GuideStar Pro. BERDON LLP 360 MADISON AVENUEMiami Beach FL 10017-0000, Miami BeachFL | IRS ruling year: 2014 | EIN: 46-4294852. Updated Feb 18, 2021 at 5:13 PM. If you have used our data or site in your research or reporting, add credit and a link to Nonprofit Explorer in your story or publication and let us know. Gabriel Jesus signed for Arsenal from Manchester City this summer and has made an instant impact for his new club. Grant Information Last Updated: loading and try your donation again. Contact Information. 2023 Forbes Media LLC. Click on the link in that email These included GameStop, AMC Networks, Cryoport, First Majestic Silver, GSX Techedu, and Simon Property Group. While his coworker was arrested and charged with the crime, Plotkin was not, however, it was alleged that he forwarded multiple emails that contained the illegal information. May 2016 - Jan 20192 years 9 months. <>/ExtGState<>/ProcSet[/PDF/Text/ImageB/ImageC/ImageI]>>/MediaBox[0 0 612 792]/Contents 4 0 R/Group<>/Tabs/S/StructParents 0>>
In court filings, Plotkin was the so-called Portfolio Manager B and reportedly was forwarded a number of emails from a fellow portfolio manager that the SEC considered inside information. <>
He has literally no presence on social media on any of the platforms. Hedge Fund Manager. NEW YORK, Oct. 5, 2020 /PRNewswire/ -- The Board of Advisors of Children of Fallen Patriots Foundation names Gabriel Plotkin as its newest member. Want to see how you can enhance your nonprofit research and unlock more insights? Net Worth. She is a native New Yorker. The rumors of bankruptcy were found to be untrue. <>stream
Try a low commitment monthly plan today. Granted, Melvin went through a rough patch, but weve always had an excess margin, and we werent looking for an injection of cash, he said. View the profiles of people named Gabriel Plotkin. GameStop was just one of the shorts that went south on the company. There is no way of knowing from public documents how long Melvin held these options positions, whether Melvin increased or decreased its bets throughout the month, or if it also had outright short positions on any of the stocks. Plotkin is still reported to have a net worth of about $300 million, which qualifies him as a very rich man. This organization has not yet reported any program information. They gained considerably due to the problems faced during the launch of Cyberpunk 2077. In the wake of the implosion of SAC, in 2014 Gabe Plotkin founded Melvin Capital Management. I named Melvin after my grandfather, who ran a convenience store. If youre hearing his name for the first time, here are 10 things you didnt know about Gabe Plotkin to bring you up to speed. He enrolled in courses at Northwestern University. At SAC Capital he managed a fund of consumer stocks worth $1.3 billion. Need the ability to download nonprofit data and more advanced search options? This shows that Mr. Plotkin has a strong sense of his Jewish roots and loyalty to the people who live in his local community as well as for his ancestral ties to Israel. Who Paid The Largest Individual Tax Bill Of All Time? People may receive compensation for some links to products and services on this website. Six of those eight companies common stocks surged in price in January. He was married to the love of his life, Polly, for over 60 years, until her death August 2010. If you try to look him up on Twitter or Instagram, you might find people with the same name, but it wont be him. These audits are copied from the Federal Audit Clearinghouse. Just two of the stocks prices did not move in a meaningful manner. It wasnt long before the fun operated with over a billion in assets under its management. [18] Users of the subreddit r/WallStreetBets made widespread bets that GameStops stock would increase in value. He currently serves as the Chief Investment Officer of the hedge fund that he established. His official title was a trader. The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. The redditers banded together to perform a "short squeeze", where the price of the stock is sent rocketing upward, causing the short sellers to lose massive amounts of money very quickly. 2020. In any case, shares of ViacomCBS, Melvins largest put position among the newly revealed eight, rose roughly 50 percent for the month through January 27. Gabriel Plotkin is an American businessman and entrepreneur who founded Melvin Capital Management LP. Gabriel And Yaara Plotkin Family Foundation - Nonprofit Explorer - ProPublica Research Tax-Exempt Organizations GABRIEL AND YAARA PLOTKIN FAMILY FOUNDATION NEW YORK, NY 10017-0000 |. Yaara Bank-Plotkin is the wife of Gabriel or Gabe Plotkin. Copyright 2021 Pro Publica Inc. proceeded to return all outside capital and established a family office . In his testimonypublished online by The Washington PostPlotkin admitted that he was far removed from his background growing up in a middle-class family in Portland, Maine, and going to public high school. to get more GuideStar Nonprofit Profile data today! The firm ended 2020 with $12.5 billion under management. While we work diligently to ensure that our numbers are as accurate as possible, unless otherwise indicated they are only estimates. New York had the highest population of Plotkin families in 1920. Celebrity Net Worth reports Plotkins net worth is $400 million, suggesting a change in fortune for a man who enjoyed $850 million in earnings last year. 5. Plotkin mostly trades consumer stocks and in 2017 Melvin Capital posted returns of 41% net of fees. Analyze a variety of pre-calculated financial metrics Access beautifully interactive analysis and comparison tools A lot of these messages were full of anti-Semitic slurs directed at me and others, Plotkin said in his testimony. Organizations making less than $50,000 dont have to file either form but do have to let the IRS theyre still in business via a Form 990N "e-Postcard.". Taxable trusts and private foundations that are required to file a form 990PF are also included. The losses were so large that Melvin reportedly had to request a $2.75 billion capital injection from Point72 and Citadel in exchange for the rights to a portion of the funds future revenues. We leverage finance and accountability data from it to form Encompass ratings. This is a calculated risk that can happen at any time, and all hedge betters realize that there is no such thing as a sure deal, so they have contingency plans. Copyright 2021 Pro Publica Inc. f K6(@?rnPqi=+U$f%rlb9rX?Na_]}Yxi[#5NYc6yEXs[v#8%(D>H1-&-3up4V}K!J%n ProPublica posts new tax forms as they are released by the IRS. Give the page a little longer to finish By the vibes of her photos, Bank-Plotkin is by all accounts in her late 30s.
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