What smart money is saying about Roblox Corporation
4 funds in our archive have pitched Roblox Corporation, most recently Artisan Global Discovery Strategy in March 2026.
Roblox Corporation oversees the development and operation of a leading digital entertainment ecosystem. Its offerings include Roblox Studio, a complimentary suite of tools empowering developers and artists to construct, launch, and manage interactive 3D environments and various other forms of content. Through the Roblox Client application, users can navigate and immerse themselves in these digital 3D realms. The platform also features Roblox Education, specifically designed for educational pursuits. Furthermore, Roblox Cloud furnishes the fundamental services and infrastructure necessary to support its unique human co-experience platform. With a vast customer base, the company caters to users across the United States, the United Kingdom, Canada, numerous European nations, China, the Asia-Pacific region, and other global markets. Incorporated in 2004, its primary corporate operations are based in San Mateo, California.
Get an email when a fund buys, sells or pitches it
Fund signal · last 12 months
7 lettersMore funds are selling than buying
Moves described in fund letters in our archive. A sentence published word for word by several funds of one house in the same quarter counts once.
Position history
Between Q2 2025 and Q3 2026, 10 fund letters reported a position in Roblox Corporation, with 1 buy (opened or added) and 5 sells (trimmed or exited).
| Quarter | Letters | Bought | Sold | Theses |
|---|---|---|---|---|
| Q3 2026 | 1 | 0 | 1 | 0 |
| Q2 2026 | 4 | 0 | 3 | 0 |
| Q1 2026 | 0 | 0 | 0 | 2 |
| Q4 2025 | 2 | 0 | 1 | 1 |
| Q3 2025 | 2 | 1 | 0 | 1 |
| Q2 2025 | 1 | 0 | 0 | 0 |
Bought and Sold count moves: the same sentence published by several funds of one house in a quarter counts once.
Fund activity · 10 positions · 7 moves
- September 2026
“Trading activity and portfolio positioning During the quarter we initiated new positions in Rathbones, BE Semiconductor and LKQ. We also exited positions in Roblox, John Wiley and YPF.”
Roblox Corporation - June 2026
“Portfolio Highlights The ClearBridge Appreciation Strategy underperformed the benchmark S&P 500 Index in the second quarter of 2026. On an absolute basis, the Strategy had positive contributions from eight of 11 sectors. The IT sector was the main positive contributor, while energy was the main detractor. In relative terms, stock selection and sector allocation detracted. Stock selection in IT, industrials, communication services, financials and consumer discretionary, overweights to materials and energy and an IT underweight detracted the most. Conversely, stock selection in materials and a consumer discretionary underweight were beneficial. On an individual stock basis, the biggest relative contributors during the quarter were ASML, Palo Alto Networks, ASM International, an underweight to Microsoft and not owning Palantir. The biggest detractors were Netflix, underweights to Micron Technology and Advanced Micro Devices, and not owning Intel and Applied Materials. During the quarter, we initiated new positions in SpaceX in communication services, Micron Technology, Cisco Systems, Advanced Micro Devices and Texas Instruments in IT and Diamondback Energy in energy. We exited Roblox in communication services, Boston Scientific and AbbVie in health care and Solstice Advanced Materials in materials.”
Roblox Corporation - June 2026
“ROBLOX is a leading user-generated content platform with strong global growth and operating leverage, supported by AI-driven innovation and infrastructure advantages. Shares declined sharply following a meaningful reduction in bookings guidance, driven by weaker top-of-funnel user trends and disruptions from recent age verification and communication safety changes. While management is implementing product updates intended to restore engagement and improve discovery, the changes are likely to take time to stabilize engagement trends. Although we continue to see long-term value in the platform and its user base, we exited the position and redeployed capital into other opportunities where recent pullbacks have created more attractive entry points.”
Roblox Corporation - June 2026
“ROBLOX is a leading user-generated content platform with strong global growth and operating leverage, supported by AI-driven innovation and infrastructure advantages. Shares declined sharply following a meaningful reduction in bookings guidance, driven by weaker top-of-funnel user trends and disruptions from recent age verification and communication safety changes. While management is implementing product updates intended to restore engagement and improve discovery, the changes are likely to take time to stabilize engagement trends. Although we continue to see long-term value in the platform and its user base, we exited the position and redeployed capital into other opportunities where recent pullbacks have created more attractive entry points.”
Roblox Corporation - ExitedSpyglass Growth StrategyJune 2026
“Roblox Corporation (RBLX), an online game platform and game creation system, was a bottom contributor during the second quarter. The Company’s rollout of age verification features impacted bookings and user growth more than we had expected. Although we still view Roblox as a leading platform in its space with attractive business fundamentals and the potential for significant growth, we believe the cone of outcomes materially widened during the quarter, and we decided to exit our position and reallocate capital to other opportunities.”
Roblox Corporation - December 2025
“Roblox also entered the fourth quarter following a significant run-up in the stock. Management subsequently flagged the potential for lower margin expansion in 2026 as the company increases investment in compliance capabilities to address bad actors on its platform. We exited the position, driven less by these incremental investments and more by our concern around increasingly difficult growth comparisons in 2026.”
Roblox Corporation - December 2025
“The top individual absolute detractors were Roblox, Sea, Netflix, Spotify, and Microsoft. Roblox is a leading gaming development and distribution platform. Shares declined in the fourth quarter after management projected a notable increase in expenses and capital expenditures in 2026 and issued a cautious growth outlook, citing potential engagement risks from new age-based communication controls.”
Roblox Corporation - September 2025
“Our Internet holdings, such as Shopify, Reddit and ROBLOX, continued to fare well in Q3.”
Roblox Corporation - September 2025
“We added communication services company Roblox, the leading user-generated gaming platform.”
Roblox Corporation - June 2025
“ Roblox’s results continue to highlight the strength of its double-sided network, with blockbuster games like 'Grow A Garden' driving increased engagement during the period and boosting the bookings outlook for the rest of the year.”
Roblox Corporation
Also mentioned · 1
These funds discuss Roblox Corporation as a competitor, benchmark or comparable, without disclosing a position in it.
- MentionedSaltLight Capital Co‑Investor LetterJune 2026
“Consumer Regarding consumer AI, we think it will play out like the browser wars did. Consumers do not neatly follow the “good enough” test because they often have multidimensional reasons for buying a product (status, scarcity, or other factors). We believe that consumer AI will be monetised through engagement, not through subscriptions or by AI substituting for “work”. High-engagement platforms like Meta, Roblox, and AppLovin will continue to benefit from consumer AI.”
Roblox Corporation
Fund coverage · 4 theses
- Artisan Global Discovery StrategyMarch 2026
Roblox Corporation is a leading UGC platform with powerful network effects and AI-enabled advantages, where valuation looks disconnected from stable engagement and long-term monetization.
Read the full thesis - Artisan Global Opportunities StrategyMarch 2026
Roblox is a leading UGC platform with durable engagement and network effects, where valuation overly discounts growth and competition versus long-term monetization potential.
Read the full thesis - Artisan U.S. Mid-Cap Growth StrategyDecember 2025
Roblox is a leading UGC platform with strong growth and operating leverage, and continued investments support long-term growth despite near-term volatility.
Read the full thesis - Clearbridge Mid Cap Growth StrategySeptember 2025
Roblox is experiencing a re-acceleration in growth driven by improved algorithms, AI advancements, and expanding market opportunities, positioning it for strong revenue growth and margin expansion.
Read the full thesis
Read every full thesis on Roblox Corporation
Read all 4 theses in full, with each fund's reasoning, and get unlimited access to the archive.
View plans→