These 11 Gurus All Bought Activision Blizzard

When hedge fund manager "titans" think alike, investors are wise to pay attention. At Holdings Channel, we have reviewed 6,878 13F filings for the 06/30/2023 reporting period, and noticed that Activision Blizzard, Inc. (Symbol: ATVI) was held by 11 of the particular managers we have flagged as "titans" most widely followed by investors. It is not every day we see this many notable hedge fund managers thinking alike, so we wanted to take a closer look.

Before we continue, it is important to point out that 13F filings do not tell the whole story, because these funds are only required to disclose their long positions with the SEC, but are not required to disclose their short positions. A fund making a bearish bet against a stock by shorting calls, for example, might also be long some amount of stock as they trade around their overall bearish position. This long component could show up in a 13F filing and everyone might assume the fund is bullish, but this tells only part of the story because the bearish/short side of the position is not seen.