Activist investor ValueAct Capital Partners LP has accumulated over $1.1 billion in stake in Nintendo after first buying stock in April 2019. ValueAct has stated they believe Nintendo has potential for growth both in the software business and as a broader entertainment company.
ValueAct further stated they have has had several meetings with members of Nintendo management, and they are on-board with the vision the company’s higher-ups have shared. While ValueAct could be in a position to give guidance to Nintendo, they have not officially asked to have board representation.