After graduating, he worked for Henry Crown and Company before joining North Sound Capital as a consumer stocks analyst. In 2006, he joined
S.A.C. Capital Advisors, a hedge fund founded by
Steve Cohen, where he was one of its top traders. He managed one of the firm's largest portfolios, valued at over $1 billion.
Melvin Capital Management In 2014, with a $200 million investment from Cohen, Plotkin founded Melvin Capital Management, a New York-based
hedge fund which he named after his grandfather. It had $3.5 billion under management by 2017. Despite receiving $2 billion from
Kenneth C. Griffin and $750 million from
Steve Cohen, on May 18, 2021,
Bloomberg announced Gabe Plotkin would be shutting down his firm.
Tallwoods Capital LLC Plotkin founded Tallwoods Capital LLC, a
family office focusing on long-term investments, in 2022 and is the firm's chief investment officer. Tallwoods Capital is headquartered in
Miami Beach, Florida.
Charlotte Hornets Plotkin purchased a minority stake in the
Charlotte Hornets in 2019, and subsequently served as an alternate governor on the
NBA Board of Governors. In June 2023, Plotkin along with
Rick Schnall purchased the
Charlotte Hornets from majority owner
Michael Jordan, who will continue to hold a minority interest. He is currently the team's co-chairman. ==Personal life ==