5 Stocks Hedge Funds Are Buying

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

Number of Hedge Fund Holders: 129

Number of Hedge Funds That Bought: 33

On February 6, video game giant Activision Blizzard, Inc. (NASDAQ:ATVI) posted earnings for the fourth quarter of fiscal 2022. The company reported an EPS of $1.87 and outperformed EPS estimates by $0.36. The company’s revenue for the quarter amounted to $3.57 billion, up 43.39% year over year and ahead of Wall Street consensus by $384.51 million.

Activision Blizzard, Inc. (NASDAQ:ATVI) tops our list of the 5 stocks hedge funds are buying right now. 33 hedge funds bought stock in Activision Blizzard, Inc. (NASDAQ:ATVI) in Q4 2022. The stock was held by 129 hedge funds that disclosed collective positions worth $9.52 billion in the company. This is compared to 96 hedge funds in the third quarter of 2022, with stakes worth $9.08 billion. The hedge fund sentiment for the stock is positive.

As of December 31, Warren Buffett’s Berkshire Hathaway is the leading investor Activision Blizzard, Inc. (NASDAQ:ATVI) and has disclosed a position worth $4.03 billion in the company.

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