5 Best Investments of Billionaire Peter Thiel

1. Facebook, Inc. (NASDAQ: FB)

Number of Hedge Fund Holders: 257   

Facebook, Inc. (NASDAQ: FB) is a technology company that owns and runs some of the most famous social media applications in the world. Thiel invested $500,000 in the company in 2004, gradually increasing his stake in the firm before making a handsome profit when he sold almost all of it for $11.3 million in 2020. Theil has been a long-time board member of the tech giant and still serves on it despite shedding close to 80% of his holdings in the company. The stock has returned more than 42% to investors in the past year.

Facebook, Inc. (NASDAQ: FB) is placed first on our list of 10 best investments of billionaire Peter Thiel. The company has been stepping up investments in virtual reality products in recent years, reportedly testing ads inside VR headsets it is said to be developing.

At the end of the first quarter of 2021, 257 hedge funds in the database of Insider Monkey held stakes worth $40 billion in Facebook, Inc. (NASDAQ: FB), up from 242 in the preceding quarter worth $38 billion. 

In its Q1 2021 investor letter, ClearBridge Investments, an asset management firm, highlighted a few stocks and Facebook, Inc. (NASDAQ: FB) was one of them. Here is what the fund said:

“We continued to keep our learnings from 2020 in mind during the quarter as we sought to increase the up capture of the portfolio. We also made adjustments to the portfolio’s top 10 holdings to increase the participation of select stocks, including Facebook, while trimming our weighting to stable names, which now represent 47% of the portfolio. Our repositioning has been encouraging so far with the portfolio performing better on up days in the market while maintaining good down capture during more turbulent sessions.”

You can also take a peek at Billionaire Stan Druckenmiller’s Top 10 Stock Picks and Billionaire Julian Robertson On Interest Rates and His Top Stock Picks For 2021.

Follow Insider Monkey on Twitter