5 Best Video Game Stocks to Buy Now

4. Activision Blizzard, Inc. (NASDAQ:ATVI)

Number of Hedge Fund Holders: 84

Activision Blizzard, Inc. (NASDAQ:ATVI) is a video game company that develops and sells games through its Activision, Blizzard, and King franchises. The firm develops video games for personal computers, gaming consoles, and mobiles. It is headquartered in Santa Monica, California.

Activision Blizzard, Inc. (NASDAQ:ATVI)’s Call of Duty gaming title is one of the most popular titles in the world, and it takes the third place for the most sales after Super Mario and Tetris through having sold a whopping 425 units in its lifetime. Over the course of its lifetime, Call of Duty has raked in Activision Blizzard, Inc. (NASDAQ:ATVI) a cool $30 billion in sales.

Activision Blizzard, Inc. (NASDAQ:ATVI) is currently in the process of being acquired by Microsoft Corporation (NASDAQ:MSFT), and the deal is under intense regulatory scrutiny due to fears that Microsoft might limit Call of Duty to the Xbox and prevent PlayStation users from playing the game. Insider Monkey’s June quarter of 2022 survey of 895 hedge funds revealed that 84 had invested in Activision Blizzard, Inc. (NASDAQ:ATVI).

Activision Blizzard, Inc. (NASDAQ:ATVI)’s largest investor is Warren Buffett’s Berkshire Hathaway which owns 68 million shares that are worth $5.3 billion.