5 Best Momentum Stocks to Buy Today

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

Number of Hedge Funds Investors In Q1 2023: 220

Meta Platforms, Inc. (NASDAQ:META) is one of the world’s largest social media companies. It also owns the messaging platform WhatsApp. These days, all the hype surrounding the company is around its latest product Threads which aims to become a competitor to Twitter.

By the end of this year’s first quarter, 220 of the 943 hedge funds part of Insider Monkey’s database had held a stake in Meta Platforms, Inc. (NASDAQ:META). Philippe Laffont’s Coatue Management is the largest shareholder, owning eight million shares that are worth $1.7 billion.

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