Melvin Capital’s Comeback Plan

Gabe Plotkin made several moves in the third quarter in a bid to reverse his fund’s still considerable losses.

Gabe Plotkin (Alex Flynn/Bloomberg)

Gabe Plotkin

(Alex Flynn/Bloomberg)

Melvin Capital Management has significantly shaken up its portfolio in recent months.

Five stocks cracked the long-short fund’s top-six holdings since the third quarter, after the hedge fund firm doubled or more than doubled their stakes. At the same time, Melvin fully unloaded what was its third-largest long at the end of the second quarter.

This

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