5 Dividend Stocks Billionaire D. E. Shaw is Buying

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

Dividend Yield as of January 11: 0.71%
Number of Hedge Fund Holders: 80

An American video game holding company, Activision Blizzard, Inc. (NASDAQ:ATVI) experienced a positive hedge fund sentiment in Q3. 80 hedge funds tracked by Insider Monkey were bullish on the stock, up from 78 in the previous quarter. The total value of these stakes is over $4.28 billion.

Activision Blizzard, Inc. (NASDAQ:ATVI) pays an annual dividend of $0.47 per share, with a dividend yield of 0.71%. This December, Stifel set a $77 price target on Activision Blizzard, Inc. (NASDAQ:ATVI), with a Buy rating on the shares.

D E Shaw started investing in Activision Blizzard, Inc. (NASDAQ:ATVI) during the fourth quarter of 2010, with shares worth $138.3 million. In Q3 2021, the hedge fund increased its stakes in the company significantly by 1,084%, holding roughly 10 million shares, worth $765.2 million. Activision Blizzard, Inc. (NASDAQ:ATVI) was the eighth-largest holding of the fund in Q3 and represented 0.69% of D. E. Shaw’s portfolio.

Baron Funds mentioned Activision Blizzard, Inc. (NASDAQ:ATVI) in its Q3 2021 investor letter. Here is what the firm has to say:

“Core Growth businesses were hurt by the rotation into more value and cyclical businesses. Despite the rotation, this business category still outperformed the broader Index. Activision Blizzard, Inc. were pressured by political activities. Activision faced regulatory concerns in China and investors shifted to more stable businesses.”

You can also take a look at 10 Dividend Stocks in Adage Capital’s Portfolio and 10 Dividend Stocks in Tiger Cub Lee Ainslie’s Portfolio

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