Shannon River Fund’s Top Investments Which Proved Lucrative: Activision Blizzard, Inc. (ATVI) & More

Shannon River Fund Management upped its stake in Activision Blizzard, Inc. (NASDAQ:ATVI) by 65%, having amassed a total of 495,000 shares valued at $19.62 million at the end of the period. This investment’s total worth stood . The stock returned 11.8% during the third quarter. At the end of the second quarter, a total of 68 of the hedge funds tracked by Insider Monkey were bullish on this stock, a change of 31% from the previous quarter. OZ Management was the largest shareholder of Activision Blizzard, Inc. (NASDAQ:ATVI), with a stake worth $562.4 millions reported as of the end of June. Trailing OZ Management was Coatue Management, which amassed a stake valued at $550.5 millions. Egerton Capital Limited, Lone Pine Capital, and Citadel Investment Group also held valuable positions in the company.

Shannon River sold 148,000 shares of Tessera Technologies, Inc. (NASDAQ:TSRA), lowering its stake in the company by 19% to 630,000 shares during the second quarter; the stake was valued at $19.30 million at the end of June. In the third quarter, the stock surged by 26.2%. A total of 28 investors from our team held stakes in Tessera Technologies at the end of the second quarter, up by 8% over the quarrter. Among these funds, Renaissance Technologies held the most valuable stake in Tessera Technologies, Inc. (NASDAQ:TSRA), which was worth $68.3 million. On the second spot was Trigran Investments which amassed $39 millions worth of Tessera’s stock. Moreover, D. E. Shaw and Royce & Associates were also bullish on Tessera Technologies, Inc. (NASDAQ:TSRA).

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