Nintendo 'biggest disappointment' of 2021 for Blue Whale's Stephen Yiu

Review of LF Blue Whale Growth fund holdings

clock • 2 min read

A global shortage of microchips in 2021 delayed the launch of the Nintendo Switch Pro, which led to Nintendo being the “biggest disappointment” among the holdings in the £1.1bn LF Blue Whale Growth fund.

In an update to investors, Stephen Yiu, chief investment officer at Blue Whale Capital and manager of the fund, said that consumers were left "underwhelmed with a mediocre Switch upgrade instead" by Nintendo which, in turn, resulted in a "disappointing" share price performance. However, Yiu added that "we believe the investment rationale remains valid". "Amazon was also a surprise make-weight in the portfolio owing to increased concern over its retail business, and the potential impact of inflation on the retail-arm's costs, and also concerns over AWS (Amazon's cloud computing arm) ma...

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