What smart money is saying about Nintendo Co., Ltd ADR
2 funds in our archive have pitched Nintendo Co., Ltd ADR, most recently The London Company Income Equity in June 2026.
Nintendo Co., Ltd., along with its affiliated companies, is engaged in the global design, production, and distribution of consumer entertainment goods, serving markets across Japan, the Americas, Europe, and other international regions. Its diverse product range encompasses both portable and stationary video game console hardware, their accompanying software titles, traditional playing cards, Karuta, and various other merchandise. The company, which traces its origins back to 1889, was initially known as Nintendo Playing Card Co., Ltd. It officially transitioned to its current corporate name, Nintendo Co., Ltd., in 1963. Its principal operations are headquartered in Kyoto, Japan.
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Position history
Between Q4 2025 and Q3 2026, 5 fund letters reported a position in Nintendo Co., Ltd ADR, with 1 buy (opened or added).
| Quarter | Letters | Bought | Sold | Theses |
|---|---|---|---|---|
| Q3 2026 | 1 | 0 | 0 | 0 |
| Q2 2026 | 3 | 1 | 0 | 1 |
| Q1 2026 | 1 | 0 | 0 | 0 |
| Q4 2025 | 0 | 0 | 0 | 1 |
Bought and Sold count moves: the same sentence published by several funds of one house in a quarter counts once.
Fund activity · 5 positions · 1 move
- September 2026
“Top 3 Contributors to Relative Performance Chevron Corporation (CVX) – CVX was a top contributor as oil prices rebounded on the unresolved conflict in the Middle East and quarterly results beat expectations on stronger downstream profits. While commodity prices are elevated and outside management's control, we continue to appreciate CVX's disciplined capital allocation, improved prospects for long-term production growth, operational efficiency, and commitment to shareholder returns. Nintendo Co., Ltd. ADR (NTDOY) – NTDOY outperformed as quarterly results came in well ahead of expectations, with demand holding up better than feared despite higher console prices and memory costs.”
Nintendo Co., Ltd ADR - June 2026
“In Nintendo, our largest holding, we added a little throughout the quarter as the memory cost guidance cut and price hike sent the stock to two-year lows.”
Nintendo Co., Ltd ADR - June 2026
“Nintendo Co., Ltd. ADR (NTDOY) – NTDOY was pressured by rising memory chip costs and concerns that higher Switch 2 pricing could weigh on consumer demand. We believe those concerns are overdone, as long-term value creation will be driven primarily by software sales, digital monetization, and the broader NTDOY ecosystem rather than hardware alone.”
Nintendo Co., Ltd ADR - June 2026
“Nintendo Co., Ltd ADR (NTDOY) – NTDOY was pressured by rising memory chip costs and concerns that higher Switch 2 pricing could weigh on consumer demand.”
Nintendo Co., Ltd ADR - March 2026
“On the downside, Nintendo (NTDOY) was our largest detractor, comprising 35% of our losses, followed by Vistry (VTY) at 19% and Company X at 13%. On Nintendo, the market remains fixated on near-term memory prices and we continue to believe that investors are missing the forest for the trees.”
Nintendo Co., Ltd ADR
Fund coverage · 2 theses
- The London Company Income EquityJune 2026
Nintendo Co., Ltd ADR is supported by software sales, digital monetization, ecosystem value, and a large cash balance that provides downside protection.
Read the full thesis - Crossroads CapitalDecember 2025
Nintendo Co., Ltd. is a software- and IP-driven gaming platform with 90% of operating profit from software, growing high-margin recurring revenue streams, and a powerful first- and third-party pipeline that makes current hardware-margin fears a mispricing.
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