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Benzinga
Benzinga
Technology
AJ Fabino

What's Next For The 20-Year Old Behind $100M Bed Bath & Beyond Trade? Why Jake Freeman Is Focused On This Psychedelics Stock

MindMed Nasdaq BBBY GameStop Corp NYSE Bed, Bath & Beyond FCM Ryan Cohen

Bed Bath & Beyond (NASDAQ:BBBY) traders learned last week about Jake Freeman, the 20-year University of Southern California student investor who outsmarted the entire class of "Ape" investors, including GameStop Corp. (NYSE:GME) Chairman Ryan Cohen, who also cashed out his 9.5-million-share equivalent stake in the struggling retailer.

Freeman and his uncle, Dr. Scott Freeman, manage Freeman Capital Management. They invested $25 million in the retailer to build a 6.2% stake in the company before cashing out, netting around $105-$110 million just weeks later.

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