5 Best Growth Stocks to Buy and Hold in 2024

3. Meta Platforms, Inc. (NASDAQ:META)

Number of Q4 2023 Hedge Fund Shareholders: 242

Meta Platforms, Inc. (NASDAQ:META) is a social media company that owns WhatsApp, Instagram, and Facebook. After Apple’s Vision Pro made waves in the market after its launch, CEO Mark Zuckerberg is eager to increase his firm’s software footprint in this industry by opening up the Quest operating system for third party manufacturers.

Insider Monkey took a look at 933 hedge fund holdings for their fourth quarter of 2023 shareholdings and found that 242 had bought Meta Platforms, Inc. (NASDAQ:META)’s shares. Rajiv Jain’s GQG Partners owned the biggest stake which was worth $3.9 billion.

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