[zythyx]

That article on Investopedia is from 2021, before the Microsoft acquisition. Activision-Blizzard is no longer a publicly-traded company and instead a subsidiary of Microsoft. Whatever Microsoft wants under this arrangement is what they'll get from now on.

[cylemons]

Microsoft itself is 73% owned by institutional investors, so more of the same really.

see: https://www.nasdaq.com/market-activity/stocks/msft/instituti...

[lenerdenator]

I forgot about that. Fair point.

Though the ownership of most large publicly traded companies more-or-less follows the same pattern. You have:

* the people who got in on the ground floor (typically executives) who are given stock options as their compensation, who have a plurality of the shares. Maybe majority holders, maybe not.

* institutional investors who typically use shares to back retirement accounts, whether they be acting for individuals or larger clients like pension funds

* retail bag holde... I mean... retail investors.

This also holds for Microsoft.