Billionaire Ken Griffin’s Fund Takes Grand Stake in Take-Two Interactive Software Inc (TTWO)

Citadel Advisors, helmed by billionaire Ken Griffin, has taken a huge stake in video game developer Take-Two Interactive Software Inc. (NASDAQ:TTWO). A new 13G filing reports that Citadel now owns just under 5.13 million shares of the company, amounting to a 5.8% stake in it. Citadel had owned 1.69 million shares on June 30, according to its most recent 13F filing. Though the filing was released today, its date of event is September 27, meaning Citadel had amassed the position before the latest volatility in the stock.

Take-Two Interactive Software Inc. (NASDAQ:TTWO) stumbled through the early part of October as heavy put volume pulled the stock down from its 52-week highs. However, shares rebounded to the dismay of bears as the Grand Theft Auto-maker teased a sequel to Red Dead Redemption in a tweet on Monday. The first game in the series, Red Dead Revolver, was also re-released as a PS2 on PS4 game less than a week before the tweet. Red Dead Redemption sold about 14 million copies worldwide, and Piper Jaffray’s Michael Olson has estimated that the new game could sell about 17 million copies based on the results of an in-house survey which showed that 23% of the 450 console owners surveyed plan to buy the game, which has officially been given a Fall 2017 release date by Take-Two. Piper Jaffray has a ‘Buy’ rating and $51 price target on Take-Two Interactive.

Best PC Games of 2015

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Take-Two Interactive Software Inc. (NASDAQ:TTWO) was a popular stock among the collection of successful hedge funds that we track in the second quarter, as it was held in the portfolios of 47 of those investors on June 30, up from 42 at the end of March. Among them were David Einhorn‘s Greenlight Capital, with a position of 2.73 million shares, Jim Simons’ Renaissance Technologies, with a holding of 2.48 million shares, and Curtis Macnguyen’s Ivory Capital. Steven Cohen’s Point72 Asset Management and Daniel Lascano’s Lomas Capital Management were among the hedge funds to take new positions in Take-Two during the quarter.

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You can access the original SEC filing by clicking here.

Ownership Summary Table

Name Sole Voting Power Shared Voting Power Sole Dispositive Power Shared Dispositive Power Aggregate Amount Owned Power Percent of Class
Citadel Advisors 0 4,895,642 0 5.6%
Citadel Advisors Holdings II 0 4,895,642 0 5.6%
Citadel GP 0 5,129,099 0 5.8%
Kenneth Griffin 0 5,129,099 0 5.8%

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Page 1 of 10 – SEC Filing

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.  20549
SCHEDULE 13G
(Rule 13d-102)
Information Statement Pursuant to Rules 13d-1 and 13d-2
Under the Securities Exchange Act of 1934
(Amendment No.    )*
Take-Two Interactive Software, Inc.
  (Name of Issuer)
Common stock, par value $0.01 per share
(Title of Class of Securities)

874054109

(CUSIP Number)

September
27, 2016

Date of Event Which Requires Filing of the Statement

Check the appropriate box to designate
the rule pursuant to which this Schedule is filed:

[   ] Rule 13d-1(b)
[X] Rule 13d-1(c)
[   ] Rule 13d-1(d)

*The remainder of this cover page shall
be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for
any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

The information required on the remainder
of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of
1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions
of the Act (however, see the Notes).

Page 2 of 10 – SEC Filing

1.

NAME OF REPORTING PERSON

S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

Citadel Advisors LLC

2.

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a)      [_]

(b)   [_]

3.

SEC USE ONLY

4.

CITIZENSHIP OR PLACE OF ORGANIZATION

Delaware

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

5.

SOLE VOTING POWER

0

6.

SHARED VOTING POWER

 

4,895,642 shares

7.

SOLE DISPOSITIVE POWER

0

8.

SHARED DISPOSITIVE POWER

See Row 6 above

9.

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

See Row 6 above

10.

CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (9) EXCLUDES

CERTAIN SHARES [_]

11.

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

5.6%1

12.

TYPE OF REPORTING PERSON

IA; OO; HC

____________________________
1 The percentages reported in this Schedule 13G are based upon approximately 87,848,419 shares of common stock outstanding (composed
of (i) 86,015,312 shares of common stock outstanding as of September 23, 2016 (according to the Form 8-K filed by the issuer with
the Securities and Exchange Commission (“SEC”) on September 23, 2016) and (ii) approximately 1,833,108 shares issuable
upon the conversion of certain convertible notes held by the Reporting Persons and certain of their affiliates).

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Page 3 of 10 – SEC Filing

1.

NAME OF REPORTING PERSON

S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

Citadel Advisors Holdings II LP

2.

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a)      [_]

(b)   [_]

3.

SEC USE ONLY

4.

CITIZENSHIP OR PLACE OF ORGANIZATION

Delaware

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

5.

SOLE VOTING POWER

0

6.

SHARED VOTING POWER

 

4,895,642 shares

7.

SOLE DISPOSITIVE POWER

0

8.

SHARED DISPOSITIVE POWER

See Row 6 above

9.

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

See Row 6 above

10.

CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (9) EXCLUDES

CERTAIN SHARES [_]

11.

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

5.6%

12.

TYPE OF REPORTING PERSON

PN; HC

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Page 4 of 10 – SEC Filing

1.

NAME OF REPORTING PERSON

S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

Citadel GP LLC

2.

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a)      [_]

(b)   [_]

3.

SEC USE ONLY

4.

CITIZENSHIP OR PLACE OF ORGANIZATION

Delaware

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

5.

SOLE VOTING POWER

0

6.

SHARED VOTING POWER

 

5,129,099 shares

7.

SOLE DISPOSITIVE POWER

0

8.

SHARED DISPOSITIVE POWER

See Row 6 above.

9.

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

See Row 6 above.

10.

CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (9) EXCLUDES

CERTAIN SHARES [_]

11.

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

5.8%

12.

TYPE OF REPORTING PERSON

OO; HC

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Page 5 of 10 – SEC Filing

1.

NAME OF REPORTING PERSON

S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

Kenneth Griffin

2.

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a)      [_]

(b)   [_]

3.

SEC USE ONLY

4.

CITIZENSHIP OR PLACE OF ORGANIZATION

U.S. Citizen

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

5.

SOLE VOTING POWER

0

6.

SHARED VOTING POWER

 

5,129,099 shares

7.

SOLE DISPOSITIVE POWER

0

8.

SHARED DISPOSITIVE POWER

See Row 6 above

9.

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

See Row 6 above

10.

CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (9) EXCLUDES

CERTAIN SHARES [_]

11.

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

5.8%

12.

TYPE OF REPORTING PERSON

IN; HC

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Page 6 of 10 – SEC Filing

Item 1(a) Name of Issuer

Take-Two Interactive Software, Inc.

 

Item 1(b) Address of Issuer’s Principal Executive Offices

622 Broadway, New York, New York 10012

Item 2(a) Name of Person Filing

This Schedule 13G is being jointly
filed by Citadel Advisors LLC (“Citadel Advisors”), Citadel Advisors Holdings II LP (“CAH2”), Citadel GP
LLC (“CGP”) and Mr. Kenneth Griffin (collectively with Citadel Advisors, CAH2 and CGP, the “Reporting Persons”)
with respect to shares of common stock (and options to purchase, and other securities convertible into, common stock) of the above-named
issuer owned by Surveyor Capital Ltd., a Cayman Islands limited company (“SC”), Citadel Equity Fund Ltd., a Cayman
Islands limited company (“CEF”), and Citadel Securities LLC, a Delaware limited liability company (“Citadel Securities”).

Citadel Advisors is the portfolio
manager for SC and CEF. CAH2 is the managing member of Citadel Advisors. CALC III LP, a Delaware limited partnership (“CALC3”),
is the non-member manager of Citadel Securities. CGP is the general partner of CALC3 and CAH2. Mr. Griffin is the President and
Chief Executive Officer of, and owns a controlling interest in, CGP.

The filing of this statement shall
not be construed as an admission that any of the Reporting Persons is the beneficial owner of any securities covered by the statement
other than the securities actually owned by such person (if any).

Item 2(b) Address of Principal Business Office

The address of the principal business
office of each of the Reporting Persons is c/o Citadel LLC, 131 S. Dearborn Street, 32nd Floor, Chicago, Illinois 60603.

Item 2(c) Citizenship

Each of Citadel Advisors and CGP is
organized as a limited liability company under the laws of the State of Delaware. CAH2 is organized as a limited partnership under
the laws of the State of Delaware. Mr. Griffin is a U.S. citizen.

Item 2(d) Title of Class of Securities

Common stock, $0.01 par value

 

Item 2(e) CUSIP Number

874054109

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Page 7 of 10 – SEC Filing

Item 3 If this statement is filed pursuant to Rules 13d-1(b),
or 13d-2(b) or (c), check whether the person filing is a:
(a) [__] Broker or dealer registered under Section 15 of the Exchange Act;
(b) [__] Bank as defined in Section 3(a)(6) of the Exchange Act;
(c) [__] Insurance company as defined in Section 3(a)(19) of the Exchange Act;
(d) [__] Investment company registered under Section 8 of the Investment Company Act;
(e) [__] An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E);
(f) [__] An employee benefit plan or endowment fund in accordance with Rule 13d-1(b)(1)(ii)(F);
(g) [__] A parent holding company or control person in accordance with Rule 13d-1(b)(1)(ii)(G);
(h) [__] A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act;
(i) [__] A church plan that is excluded from the definition of an investment company under Section
3(c)(14) of the Investment Company Act;
(j) [__] A non-U.S. institution in accordance with Rule 13d-1(b)(1)(ii)(J);
(k) [__] Group, in accordance with Rule 13d-1(b)(1)(ii)(K).

If filing as
a non-U.S. institution in accordance with Rule 13d-1(b)(1)(ii)(J), please specify the type of institution: ____________.

Item 4 Ownership
A. Citadel Advisors LLC
(a) Citadel Advisors may be deemed to beneficially own 4,895,642 shares of Common Stock.
(b) The number of shares Citadel Advisors may be deemed to beneficially own constitutes approximately
5.6% of the Common Stock outstanding.
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote: 0
(ii) shared power to vote or to direct the vote: 4,895,642
(iii) sole power to dispose or to direct the disposition of: 0

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Page 8 of 10 – SEC Filing

(iv) shared power to dispose or to direct the disposition of: 4,895,642
B. Citadel Advisors Holdings II LP
(a) CAH2 may be deemed to beneficially own 4,895,642 shares of Common Stock.
(b) The number of shares CAH2 may be deemed to beneficially own constitutes approximately 5.6% of the Common
Stock outstanding.
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote: 0
(ii) shared power to vote or to direct the vote: 4,895,642
(iii) sole power to dispose or to direct the disposition of: 0
(iv) shared power to dispose or to direct the disposition of: 4,895,642
C. Citadel GP LLC and Kenneth Griffin
(a) CGP and Griffin may be deemed to beneficially own 5,129,099 shares of Common Stock.
(b) The number of shares CGP and Griffin may be deemed to beneficially own constitutes approximately 5.8%
of the Common Stock outstanding.
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote: 0
(ii) shared power to vote or to direct the vote: 5,129,099
(iii) sole power to dispose or to direct the disposition of: 0
(iv) shared power to dispose or to direct the disposition of: 5,129,099
Item 5 Ownership of Five Percent or Less of a Class

If this statement is being filed to
report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than 5 percent of
the class of securities, check the following [_].

 

Item 6 Ownership of More than Five Percent on Behalf of Another
Person

Not Applicable

 

Item 7 Identification and Classification of the Subsidiary
which Acquired the Security Being Reported on by the Parent Holding Company

See Item 2 above

 

Item 8 Identification and Classification of Members of the
Group

Not Applicable

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Page 9 of 10 – SEC Filing

Item 9 Notice of Dissolution of Group

Not Applicable

Item 10 Certification

By signing below I certify that, to
the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or
with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in
connection with or as a participant in any transaction having that purpose or effect.

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Page 10 of 10 – SEC Filing

After reasonable inquiry
and to the best of its knowledge and belief, the undersigned certify that the information set forth in this statement is true,
complete and correct.

Dated this 20th day of October, 2016.

CITADEL ADVISORS LLC CITADEL ADVISORS HOLDINGS II LP
By: /s/ Mark Polemeni By: /s/ Mark Polemeni
Mark Polemeni, Authorized Signatory Mark Polemeni, Authorized Signatory
CITADEL GP LLC KENNETH GRIFFIN
By: /s/ Mark Polemeni By: /s/ Mark Polemeni
Mark Polemeni, Authorized Signatory Mark Polemeni, attorney-in-fact*

________________________________

* Mark Polemeni is signing on behalf of Kenneth Griffin
as attorney-in-fact pursuant to a power of attorney previously filed with the Securities and Exchange Commission on January 18,
2013, and hereby incorporated by reference herein. The power of attorney was filed as an attachment to a filing by Citadel Advisors
LLC on Schedule 13G for TiVo Inc.

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