How Many Shareholders Does Activision Blizzard Have?
As of October 2023, Activision Blizzard Inc has 2119 institutional owners and shareholders who have filed 13D/G or 13F forms with the Securities Exchange Commission (SEC). These institutions hold a total of 665,854,342 shares. But, this is not the entire story. We’ll dive deeper into the world of Activision Blizzard’s shareholders to find the answers to our question.
Largest Shareholders
Who are the largest shareholders of Activision Blizzard? As of the latest filing, the top five shareholders include:
- The Vanguard Group, Inc. – 9.32% stake
- BlackRock, Inc. – 8.46% stake
- State Street Global Advisors, Inc. – 5.54% stake
- Pentwater Capital Management LP – 3.36% stake
- VTSMX – Vanguard Total Stock Market Index Fund Investor Shares – 3.16% stake
Other Significant Shareholders
While these institutional investors have a significant stake in the company, there are others who own a smaller, but still notable, portion of shares. Some notable investors include:
- Bluefin Capital Management, LLC – 1.98% stake
- VFINX – Vanguard 500 Index Fund – 1.95% stake
- FMR, LLC (Fidelity Investments) – 1.53% stake
Who Sold Their Activision Shares Recently?
One interesting trend to note is that Warren Buffett’s Berkshire Hathaway recently acquired 14.7 million Activision Blizzard shares worth $1.38 billion. This acquisition is notable, not just because of Buffett’s significant influence on the stock market, but also because he took advantage of an arbitrage opportunity after the merger announcement. Arbitrage occurs when an investor buys undervalued shares of a company that is being acquired and sells them for a higher price once the merger is completed.
Activision Blizzard’s Financial Situation
But, how is Activision Blizzard performing financially? In 2023, the company’s 12-month average price target is $94.54. While the company’s performance is still positive, the price target has dropped from previous highs due to antitrust concerns.
Arbitrage Opportunities
So, why did Buffett buy Activision shares? It’s all about the arbitrage opportunity! When a merger announcement is made, there’s often a temporary difference in price between the acquired company’s stock price and its fair market value. Savvy investors like Buffett jump on these opportunities, buying the undervalued shares and selling them at the higher price once the merger is complete. In Activision’s case, Buffett bought 14.7 million shares, representing 1.88% of the company’s outstanding shares.
Conclusion
To answer the question of how many shareholders does Activision Blizzard have, we found that there are 2119 institutional owners and shareholders as of October 2023. These shareholders hold a combined 665,854,342 shares, making them the company’s largest investors. Buffett’s recent acquisition of 14.7 million shares highlights the opportunities for savvy investors in the market, as arbitrage can provide a way to generate returns by identifying temporary mispricing in the market.