Growth Stock Portfolio: 5 Stock Picks By Warren Buffett

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

Number of Hedge Fund Holders: 84

P/E Ratio as of November 9: 30.08

Activision Blizzard, Inc. (NASDAQ:ATVI) is an American video game developer that is soon to be acquired by Microsoft. It is one of the premier growth stocks in the Warren Buffett portfolio. The billionaire owned 68.40 million shares of Activision Blizzard, Inc. (NASDAQ:ATVI) in the second quarter of 2022, worth $5.3 billion and representing 1.77% of the total holdings. 

On September 15, Atlantic Equities analyst Kunaal Malde upgraded Activision Blizzard, Inc. (NASDAQ:ATVI) to Overweight from Neutral with a price target of $84, down from $95.

According to Insider Monkey’s data, 84 hedge funds were long Activision Blizzard, Inc. (NASDAQ:ATVI) at the end of the second quarter of 2022, compared to 80 funds in the prior quarter. Matthew Halbower’s Pentwater Capital Management is one of the leading position holders in the company, with approximately 9 million shares worth $695 million. 

Here is what Cooper Investors specifically said about Activision Blizzard, Inc. (NASDAQ:ATVI) in its Q2 2022 investor letter:

“Activision Blizzard, Inc. (NASDAQ:ATVI) – our investment preceded news that the company was under investigation for workplace bullying. When it became clear management had misled the market on the extent of the problem we sold, led by our principles of Responsible Investing. We did not benefit from the subsequent M&A premium paid by Microsoft.”