5 Top Video Games And Esport Stocks To Buy According To Hedge Funds

4. Take-Two Interactive Software, Inc. (NASDAQ: TTWO)

Take-Two Interactive Software, Inc. (NASDAQ: TTWO) develops, publishes, and markets interactive entertainment solutions for consumers worldwide. According to Yahoo Finance, the New York based company offers its products under the Rockstar Games, Private Division, 2K labels and Social Point labels. The cloud company is credited with action/adventure products under the Grand Theft Auto, Max Payne, Midnight Club, and Red Dead Redemption names; and offers episodes, content, and virtual currency.

The company has a market capitalization of $18.351B, while the YTD performance of the stock stands at 30.7%. Take Two Interactive reported first-quarter fiscal 2020 results on Aug 3. For the quarter, the company generated GAAP net revenues of $831 million, and GAAP earnings of $0.77 per share.

A total of 66 hedge funds have Take Two Interactive (NASDAQ: TTWO) on their portfolio.

3. Electronic Arts Inc. (NASDAQ:EA) 

Electronic Arts Inc. (NASDAQ:EA) develops, markets, publishes and distributes games, content, and services for game consoles, PCs, mobile phones, and tablets worldwide.

The company has a market capitalization of $40B, while its share price has increased by 29.11% this year. Electronic Arts (NASDAQ:EA) reported first-quarter fiscal 2021 earnings of $1.25 per share, which declined 73.7% year over year. However, revenues rose by 20.7% (year over year) to $1.45 billion.

The company has a total of 73 hedge funds investors. AQR Capital Management was the largest shareholder of Electronic Arts Inc. (NASDAQ:EA), with a stake worth $301.1 million as at September last year. AQR Capital Management which amassed a stake valued at $204.1 million is the company’s second largest hedge fund investor. Renaissance Technologies, SoMa Equity Partners, and SRS Investment Management also have susbstantial positions in the stock. In terms of the portfolio weights assigned to each position,  SoMa Equity Partners leads in this category having assigned 9% of its 13F portfolio to Electronic Arts Inc. (NASDAQ:EA). KCL Capital is also relatively very bullish on the stock, allocating 4.96% of its 13F equity portfolio to stock.