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Activision Blizzard, Inc. (NASDAQ: ATVI) is one of the largest interactive gaming companies in the world. The company is the result of a 2008 merger between Vivendi and Activision, two of the largest video game producers at the time. Activision Blizzard's business is broken into three segments—Activision Publishing, Blizzard Entertainment, and King Digital Entertainment—with a robust portfolio of top-performing video game franchises. The company owns the rights to the Overwatch, Call of Duty, and World of Warcraft series of video games, among others. 

Activision Blizzard reported Q3 2020 earnings on October 29, 2020. The international video game producer reported $1.95 billion in revenues for the quarter, compared to $1.28 billion over the same period last year. 

The 4 largest mutual fund holders of Activision Blizzard (Reported as of Q3 2020)
Holder # Shares Date Reported % Outstanding $ Value
Vanguard Total Stock Market Index Fund 21,645,901 Sep 29, 2020 2.80% 1,752,235,685
Growth Fund Of America Inc 19,884,477 Sep 29, 2020 2.57% 1,609,648,413
Vanguard 500 Index Fund 15,834,494 Sep 29, 2020 2.05% 1,281,802,289
Fidelity Contrafund Inc 12,804,522 Oct 30, 2020 1.66% 969,686,451
Source: Yahoo! Finance

1. Vanguard Total Stock Market Index Fund (VTSMX)

The Vanguard Total Stock Market Index Fund (VTSMX) was created in 1992 as a way for investors to gain exposure to the entire U.S. stock market, including small-, medium-, and large-cap stocks. The fund's most attractive attributes are its low fees and high diversity. The Total Stock Market Index Fund holds 21.65 million shares of Activision Blizzard as of Q3 2020, making it the company's largest mutual fund holder. The shares account for 2.8% of ATVI's total shares and make up 0.19% of the fund's portfolio.  

VTSMX has total assets of $872.2 billion, a three-year annualized return of 11.53%, and an expense ratio of 0.14%. 

2. American Funds Growth Fund of America (AGTHX)

The American Funds Growth Fund of America (AGTHX) is, as the name suggests, a growth fund that seeks capital gains. Launched in December 1973 as a subsidiary of Capital Group, the fund is flexible in its investments and pursues growth opportunities wherever they arise. With 19.88 million shares of Activision Blizzard, the Growth Fund of America is the company's second-largest mutual fund holder. The fund's investment in Activision Blizzard represents 2.57% of the company's outstanding shares and 0.71% of its total portfolio.  

AGTHX has total assets of $225.3 billion, a three-year annualized return of 14.19%, and an expense ratio of 0.64%. 

3. Vanguard 500 Index Fund (VFINX)

The Vanguard 500 Index Index Fund (VFINX) is the oldest Vanguard fund available for personal investors and offers a low-cost way to access diversified exposure to the U.S. stock market. The fund is made up of the 500 largest American companies, which make up about 75% of the total U.S. equity market. As of Q3 2020, the fund holds 15.8 million shares of Activision Blizzard, or roughly 2.05% of the company. This accounts for 0.23% of the fund's portfolio. 

VFINX has total assets of $533.6 billion, a three-year annualized return of 12.13%, and an expense ratio of 0.14%.  

4. Fidelity Contrafund (FCNTX)

As a growth fund, the Fidelity Contrafund (FCNTX) is focused on generating capital gains as opposed to income. Manager Will Danoff and his team choose stocks of companies with a market value of over $10 billion.  The Fidelity Contrafund is the fourth-largest mutual fund investor in Activision Blizzard with 12.8 million shares, or 1.66% of the company, as of Q3 2020. The fund's investment in Activision Blizzard makes up 0.80% of its total portfolio.

FCNTX has total assets of $130.7 billion, a three-year annualized return of 18.47%, and an expense ratio of 0.85%.