NEW YORK, May 15 (Reuters) - Hedge fund Renaissance

Technologies built a new position of over 1 million shares in

Gamestop ( GME ) in the first quarter ahead of a recent rally, according

to a securities filing on May 13.

The hedge fund also increased its stake in the cinema chain

AMC by 78%, to 8.7 million shares. Both shares rallied

earlier this week, reviving for some days the 2021 meme stock

frenzy.