Overweight Roblox (RBLX) Position Detracts After Slower Growth Signals

Voya Investment Management’s Voya MidCap Opportunities Fund released its Q4 2025 investor letter, titled “Seeking a More Favorable Risk/Return Trade-off, outlining a quarter marked by solid market gains but relative fund underperformance. A copy of the letter can be downloaded here. During the quarter, the Fund underperformed its benchmark, the Russell Mid Cap Growth Index, primarily due to unfavorable stock selection, even as U.S. equity markets advanced on moderating inflation, robust earnings, and continued enthusiasm around artificial intelligence-driven investment. Looking ahead, the managers highlighted a cautiously constructive outlook, noting that while geopolitical risks and policy uncertainty persist, broadening market leadership beyond mega-cap growth, sustained corporate capital expenditure, and AI-led innovation could support returns, reinforcing the need for active and flexible positioning. In addition, please check the fund’s top five holdings to know its best picks in 2025.

Roblox Corp. (NYSE:RBLX) operates an online gaming and creation platform that monetizes user-generated content and virtual experiences, with growth tied to engagement trends and advertising expansion. Roblox Corp. (NYSE:RBLX) was a key detractor for the Voya MidCap Opportunities Fund in 4Q25. Roblox Corp. (NYSE:RBLX) represented 2.26% of portfolio investments as of December 31, 2025, amplifying its impact on relative returns. The one-month return of Roblox Corporation (NYSE:RBLX) was -9.19% while its shares have traded between $50.10 to $150.59 over the last 52 weeks. On January 22, 2026, Roblox Corp. (NYSE:RBLX) stock closed at approximately $75.68 per share, with a market capitalization of about $51.827 billion.

Voya Investment Management’s Voya MidCap Opportunities Fund stated the following regarding Roblox Corp. (NYSE:RBLX) in its Q4 2025 investor letter:

“Key detractors from performance included Roblox Corp., Doximity, Inc., and Natera, Inc. An overweight position in Roblox Corp. (NYSE:RBLX) detracted from performance. The stock declined following quarterly earnings, which signaled slower profit growth and uncertainty around future bookings.”

Overweight Roblox (RBLX) Position Detracts After Slower Growth Signals

Roblox Corp. (NYSE:RBLX) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 90 hedge fund portfolios held Roblox Corp. (NYSE:RBLX) at the end of the third quarter, which was 75 in the previous quarter. While we acknowledge the risk and potential of Roblox Corp. (NYSE:RBLX) as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than Roblox Corp. (NYSE:RBLX) and that has 10,000% upside potential, check out our report about this cheapest AI stock.

In another article, we covered Roblox Corp. (NYSE:RBLX) and shared the list of Billionaire Ray Dalio’s new stock picks. In addition, please check out our hedge fund investor letters Q4 2025 page for more investor letters from hedge funds and other leading investors.

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Disclosure: None. This article is originally published at Insider Monkey.