ATVI

ATVI

ATVI

Letters With This Ticker

Quarter	Letter Date	Fund Name	QTD	YTD	Tickers	Keywords/Themes	Theme Commentary	Pitches	Letter
2023 Q2	Aug 4, 2023	Springview Capital Management	3.9%	5.5%	ATVI, BRK-B, CPRT, EXO.MI, FFH, FMX, HLN.L, HLT, MKL, WRB, WTM	Buybacks, Concentration, insurance, Long/Short, Quality, value	The fund has significant concentration in property/casualty insurance at approximately 29% of assets. Insurance stocks are characterized as cheap, generating substantial cash flow, and run by trusted owner-operators. The competitive landscape remains favorable with firm pricing and rising interest rates enhancing investment income.	WRB FMX HLN.L	View
2023 Q3	Aug 2, 2023	TPG Angelo Gordon	-	-	AMGN, ATVI, FHN, HZNP, MRK, MSFT, TD	CMBS, Commercial Property, credit, Default Rates, interest rates, Leveraged Loans, private credit, real estate	Rising interest rates are creating meaningful stress across credit markets, with leveraged loan default rates rising to 2.8% in the US and expectations for further increases. Middle market direct lending terms favor lenders with record yields of 12.6% in the lower middle market.		View
2023 Q2	Aug 15, 2023	VH Standard Asset Management	-	-	ATVI, AVGO, CYBR, FORG, FREE, IBM, MSFT, OKTA, ORCL	gaming, Merger Arbitrage, Regulatory, risk management, Spreads, technology	The fund operates as a merger arbitrage strategy focused on definitive merger agreements across sectors. The manager describes building a portfolio of DMAs similar to an insurance operation with written premiums and catastrophe losses. The regulatory environment has made spreads more attractive than usual.	FREE BHARATFORG.NS ATVI	View
2023 Q2	Aug 1, 2023	Tall Oak Capital Advisors	-	-	ADBE, ASML, ATVI, BRK.A, BSX, CAT, CCO, CDNS, CNQ.TO, EQIX, FERG, IFC.TO, JNJ, LLY, LRCX, MA, MAR, MCD, MSFT, PEP, UNH	AI, diversification, Energy Transition, infrastructure, Quality, rates, value	Artificial Intelligence is garnering significant attention for its potential impact in the near term. The fund holds positions in leading semiconductor equipment companies like LAM Research and ASML Holdings, crucial players in supplying cutting-edge chips needed to drive the AI future. They believe the true core competence lies in the picks and shovels - the companies supplying the essential equipment and software.	CDNS ASML LRCX FERG AD8 AU\|ARB AU\|BAP AU\|CAT AU\|DHG AU\|PME AU\|PNI AU\|RDX AU\|TNE AU	View
2023 Q1	May 3, 2023	Springview Capital Management	1.6%	1.6%	ATVI, FFH, GGG, HLT, MKL, SHW, V, WRB, WTM	Banking Crisis, Buybacks, Concentration, Float, insurance, value	The fund holds significant positions in property-casualty insurers including W.R. Berkley, Markel, and White Mountains. These companies experienced temporary headwinds from deceleration in premium rate growth and concerns about the hard cycle ending, but the manager expects casualty pricing to improve in the second half. Insurance is viewed as a durable business with stable demand and the benefit of float investment.		View
2023 Q1	May 2, 2023	Tall Oak Capital Advisors	-	-	ATVI, AZO, BRK-A, CCJ, CNQ, COST, DVN, FCX, IFC.TO, JNJ, LLY, MCD, MSFT, NEM, NVO, PEP, SLB, SU, TSM, UNH	Banking, energy, healthcare, inflation, Quality, technology, value	The fund's Energy transition thesis hurt returns to start the year. The manager maintains exposure to this theme despite underperformance in Q1.		View
2024 Q1	Feb 4, 2024	TPG Angelo Gordon	-	-	AMGN, ATVI, AVGO, BLK, HZNP, ICE, MSFT, PFE, SGEN, VMW	Clos, CMBS, credit, high yield, interest rates, Leveraged Loans, private credit, real estate	Default rates for leveraged loans increased to 3.15% in the U.S. as of Q4, with J.P. Morgan forecasting a rise to 3.25% in 2024. High yield default activity totaled $83.7 billion in 2023, a 75% increase from 2022. Interest coverage ratios for borrowers continue to reflect the impact of rising interest rates and are expected to continue eroding.		View
2023 Q2	Dec 7, 2023	Atai Capital Management	6.5%	4.4%	ALOT, ATVI, BELFB, CDR.WA	Electronics, gaming, industrials, small caps, value	Manager emphasizes buying companies at substantial discounts to intrinsic value, focusing on businesses trading cheaply for identifiable reasons that can be corrected. Portfolio concentrated in undervalued small-cap names with clear catalysts for value realization.	ATVI BELFB ALOT	View
2023 Q3	Nov 29, 2023	Atai Capital Management	6.5%	4.4%	ATVI, BELFB, CTG, EG7.ST	Concentration, Quality, risk management, small caps, value, volatility	Manager emphasizes purchasing shares at a discount to intrinsic values as the core investment strategy. Discusses the value arbitrage opportunity when share prices disconnect from business fundamentals, using Bel Fuse as an example where the stock experienced 100%+ volatility while fair value remained stable.		View
2023 Q3	Nov 16, 2023	Broyhill Asset Management	6.0%	0.0%	ATVI, DG, DLTR, NFLX	gaming, M&A, retail, Rural Markets, value	Activision Blizzard acquisition by Microsoft faced regulatory hurdles from FTC and UK CMA but ultimately closed at $95 per share in October 2023. The deal involved transfer of cloud gaming rights to Ubisoft to satisfy regulatory concerns.	0TDG LN ATVI	View
2023 Q3	Oct 7, 2023	VH Standard Asset Management	4.0%	-	AAPL, ATVI, AVGO, HZNP, SGEN, VMW	Completion Risk, M&A, Merger Arbitrage, Regulatory, Risk Arbitrage, Spreads	The fund is actively invested in several biotech merger arbitrage opportunities including SGEN, HZNP, and ICPT transactions. The manager notes continued progress in these deals and sees them as part of the attractive M&A universe.		View
2023 Q3	Oct 30, 2023	Penn Davis McFarland	-	-	ATVI, FTRE, LSXMK, MSFT, SIRI	gaming, healthcare, M&A, Macro, spinoffs, value	Initiated new position in Fortrea, a late-stage contract research organization spun out of Labcorp. The company helps drug companies design, run, and manage clinical trials. Management expects EBITDA margins to improve from 9% to mid-to-high teens as duplicate costs are eliminated and infrastructure is built out.	ELV\|FTRE\|HUM\|WTW	View
2023 Q4	Oct 2, 2024	Broyhill Asset Management	6.0%	0.0%	ATVI, DG, DLTR, NFLX	gaming, M&A, operations, retail, Rural Markets, value	Activision Blizzard acquisition by Microsoft faced regulatory hurdles from FTC and UK CMA but ultimately closed at $95 per share in October 2023. The deal involved transferring cloud gaming rights to Ubisoft to satisfy regulatory concerns.	0TDG LN ATVI	View
2023 Q4	Jan 19, 2024	The Bristol Gate U.S. Equity Strategy	-	23.9%	AMT, ATVI, AVGO, BN.TO, CARR, CIGI.TO, CTAS, CTVA, DOL.TO, HON, IFC.TO, JWEL.TO, LOW, MSFT, PBH.TO, SHW, TMO, UNH	dividends, financials, HVAC, industrials, Quality, technology, value	Bristol Gate focuses exclusively on high and sustainable dividend growth, with portfolio companies delivering dividend increases of ~14% in 2023, well above the S&P 500 Index constituent average of ~7%. The firm is yield agnostic and prioritizes companies with low payout ratios and low leverage that can reinvest cash flow to drive future dividend growth.	CARR	View
2023 Q3	Sep 30, 2023	FPA Crescent Fund	3.7%	12.8%	ADI, AIG, ATVI, AVGO, CHTR, CMCSA, GOOGL, HLF, HOLCIM, IFF, JEF, KMX, META, NFLX, SBNY	credit, Long/Short, Multi Asset, risk management, value	Credit exposure increased during the quarter. While high-yield bonds do not look as attractive as they did earlier in the year, the fund continues to search for opportunities that meet their risk/reward criteria.		View
2023 Q3	Aug 11, 2023	Jackson Peak Capital	9.9%	0.0%	ATVI, EDR, ENZ, HAYW, LESL, NVDA, SAVE, VRT	AI, interest rates, Long/Short, Merger Arbitrage, real estate, special situations, technology	Manager remains bullish on AI tailwind but trimmed exposure during Q3 amid peak optimism. Portfolio retains exposure to names with direct operations in this AI cycle stage. Vertiv contributed significantly as it serves thermal management in rapidly constructed AI data centers.	LESL ATVI MELI\|NFLX\|ORCL\|TCOM\|VRTX\|YUMC	View
2023 Q4	Aug 2, 2024	Jackson Peak Capital	9.9%	0.0%	ATVI, EDR, ENZ, HAYW, LESL, NVDA, SAVE, VRT	AI, interest rates, Long/Short, Merger Arbitrage, rates, special situations, technology	Manager remains bullish on AI tailwinds but trimmed exposure during Q3 amid peak optimism and market crowding. Portfolio retains exposure to companies with direct operations in the AI cycle, particularly data center thermal management. Will look to add back other AI beneficiaries when positioning is less crowded.	EDR LESL ATVI MELI\|NFLX\|ORCL\|TCOM\|VRTX\|YUMC	View
2023 Q1	Apr 28, 2023	Kinsman Oak	0.0%	0.0%	ATVI, CIGI, LULU, MSFT, TKWY.AS, TSLA	Banking, credit, Fed policy, real estate, Regional Banks, risk management	Silicon Valley Bank's collapse exemplified gradual then sudden failure, with poor risk management and duration mismatch between assets and liabilities. Banking stress will lead to credit tightening and reduced lending, creating disinflationary pressures. The manager expects continued stress in regional banking despite immediate containment efforts.	CIGI	View
2023 Q1	Apr 13, 2023	Atai Capital Management	6.5%	4.4%	ALOT, ATVI, CABO	aerospace, Broadband, gaming, Monopoly, Rural, small cap, value	Commercial airplane production is recovering from COVID lows, with Boeing expected to deliver 800 planes in 2025 and Airbus guiding to 1,000 by mid-decade. AstroNova benefits from this recovery through its monopoly position in cockpit printers, which are standard on all Airbus A320s and purchased directly by airlines for Boeing 737s.		View
2022 Q4	Feb 23, 2023	Broyhill Asset Management	6.0%	0.0%	ATVI, KOF, MCK, META, MSGS, PM	-			View
2023 Q4	Jan 22, 2024	Greenlight Capital	1.1%	9.0%	ALIT, ATVI, BHF, CEIX, GRBK, KD, SWN, SYENS.BR, THC, VTRS, VTSC.DE	Buybacks, energy, Geopolitical, healthcare, Long/Short, technology, value	Greenlight emphasizes disciplined valuation criteria and investments where they get paid by issuers through buybacks, dividends, interest, or take-outs rather than relying on investor revaluation. Many of their largest holdings offer double-digit returns directly to investors.	SYENS.BR VTRS ALIT VTSC.DE THC BKD CEIX GRBK	View
2023 Q3	Jan 7, 2024	Hayden Capital	13.9%	37.6%	AAPL, ADBE, ATVI, EDU, KO, NESTLEIND.NS, PDD, PG, SMRT	cash flow, China, Predictability, real estate, technology, value	Chinese investments drove positive Q3 performance with companies like Pinduoduo and New Oriental trading near multi-year highs. Manager sees divergence between resilient business models and broader economic weakness, with valuations approaching two-thirds of fair value estimates.	SMRT	View

Pitches With This Ticker

Date	Pitch Type	Author	Company	Industry	Sub Industry	Bull / Bear	Stock Exchange	Keywords	Action
Apr 28, 2026	Fund Letters	Broyhill Asset Management	Activision Blizzard, Inc.	Communication Services	Interactive Media & Services	Bull	NASDAQ	antitrust, Gaming, Merger Arbitrage, Microsoft Acquisition, Regulatory risk, Special situations	View Pitch
Apr 28, 2026	Fund Letters	Jackson Peak Capital	Activision Blizzard	Communication Services	Interactive Media & Services	Bull	NASDAQ	antitrust, Equity, Event-driven, Gaming, Merger Arbitrage, Microsoft Acquisition, Regulatory risk, Special situations	View Pitch
Apr 28, 2026	Fund Letters	Broyhill Asset Management	Activision Blizzard, Inc.	Communication Services	Interactive Media & Services	Bull	NASDAQ	antitrust, Gaming, Merger Arbitrage, Microsoft Acquisition, Regulatory, technology, Video games	View Pitch
Apr 28, 2026	Fund Letters	Jackson Peak Capital	Activision Blizzard	Communication Services	Interactive Media & Services	Bull	NASDAQ	antitrust, Equity, Event-driven, Gaming, Merger Arbitrage, Regulatory risk, Special situations	View Pitch
Apr 28, 2026	Fund Letters	Atai Capital Management	Activision Blizzard Inc.	Communication Services	Interactive Media & Services	Bull	NASDAQ	entertainment, Gaming, Merger Arbitrage, Microsoft Acquisition, Mobile Gaming, Regulatory risk	View Pitch
Apr 28, 2026	Fund Letters	VH Standard Asset Management	Activision Blizzard Inc	Communication Services	Interactive Media & Services	Bull	NASDAQ	acquisition, antitrust, Equity, Gaming, Merger Arbitrage, Microsoft, Regulatory risk, Transaction Risk, Video games	View Pitch

BSD Shareholders of ATVI

This report provides a detailed summary of investor holdings for a specified stock ticker, highlighting key metrics such as fund name, total assets under management (AUM), invested value, portfolio weight, and shares owned. It also tracks changes in share ownership during the last quarter, including the percentage of shares bought or sold and the percentage of outstanding shares owned. The data is generated using an API that processes investor holdings and calculates these values for each fund. This report helps investors and analysts monitor the stock positions of major funds, identify investment trends, and assess the influence of large investors on individual stocks.

Filing Date: September 30, 2025

Manager Name	Fund Name	Fund AUM	Invested Value	Portfolio Weight	Shares Owned	Shares Bought / Sold During Quarter	% Bought / Sold During Quarter	% of Shares Outstanding Owned
No investor data available.

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