5 Top Video Games And Esport Stocks To Buy According To Hedge Funds

2. NVIDIA Corporation (NASDAQ: NVDA)

NVIDIA Corporation (NASDAQ: NVDA) operates as a gaming and crypto company. We published a detailed NVIDIA write-up earlier this week.

NVDA is in the portfolios of 95 hedge funds. Citadel Investment Group held the largest options stake in NVIDIA Corporation (NASDAQ:NVDA), which was worth $1.1 billion. This was followed by GQG Partners which amassed $995 million worth of shares. D E Shaw, Fisher Asset Management, and Citadel Investment Group are also bullish on the stock, with substantial positions of their portfolios assigned to the stock. As regards portfolio weights, Albar Capital allocated the biggest weight  so far to NVIDIA Corporation (NASDAQ:NVDA), assigning 12.79% of its 13F portfolio. AlphaOne Capital Partners is also very bullish on the stock, allocating 9.6% of its 13F equity portfolio to the stock.

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

Activision Blizzard, Inc. (NASDAQ:ATVI) is the top video games stock in our list. The company was founded by underpaid employees of Atari back in 1979.

Today the company has a market capitalization of $66 billion and its share price has increased by 45% so far this year. Activision Blizzard (NASDAQ:ATVI) is set to report its 2020 Q2 results on Aug 4. the company expects non-GAAP revenues of $1.69 billion and earnings of 64 cents per share. The projected figure suggests a surge of 79% from the year-ago quarter’s reported figure.

The company has 101 hedge fund investors. Citadel Investment Group was the largest shareholder of Activision Blizzard, Inc. (NASDAQ:ATVI), with a stake worth $273.1 million. This was followed by Citadel Investment Group was Alkeon Capital Management, which controlled $224.1 million worth of the company’s shares. Jericho Capital Asset Management, SoMa Equity Partners, and Suvretta Capital Management also assigned substantial parts of their portfolio to the stock, making them among the largest hedge fund holders of the company. In terms of the portfolio weights, Jericho Capital Asset Management leads in this category with an allocation of  13.82% of its 13F portfolio to Activision Blizzard, Inc. (NASDAQ:ATVI) . Discovery Capital Management comes second in this category after the comoany set aside 10.28% of its 13F equity portfolio to stock.

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