5 Best Stocks To Invest In According To Brennan Diaz’s Fernbridge Capital Management

1. Meta Platforms Inc. (NASDAQ:FB)

Fernbridge Capital Management’s Stake Value: $109 million
Percentage of Fernbridge Capital Management’s 13F Portfolio: 13.3%
Number of Hedge Fund Holders: 266

Meta Platforms Inc. is a multinational technology conglomerate holding based in Menlo Park, California. Known primarily for its social networking services and platforms, the company tops our list of the 10 best stocks to invest in according to Brennan Diaz’s Fernbridge Capital Management.

According to our database, 266 hedge funds held stakes worth $42 billion in Meta Platforms Inc, up from 257 hedge funds in the previous quarter with stakes worth more than $40.9 billion. As of Q2 2021, Fernbridge Capital Management owns 313,621 shares in Meta Platforms Inc., valued at $109 million and representing 13.3% of the investment firm’s total holdings value.

On October 7, JPMorgan analyst Doug Anmuth reiterated an Overweight rating on Facebook, Inc. (NASDAQ:FB) alongside a $450 price target on the company’s shares.

First Eagle Investment Management, an investment management firm, in its Q2 2021 investor letter, mentioned Facebook, Inc. (NASDAQ:FB). Here is what the fund said:

“Leading contributors in the First Eagle Global Fund this quarter included Facebook, Inc. Class A. Facebook has continued to post impressive results for both revenue and active users of its traditional platforms. In the meantime, the social media giant continues to make progress on new initiatives—like Facebook Horizon (virtual reality) and Facebook Shops (e-commerce)—and maintains attractive monetization optionality around services like Messenger and WhatsApp.”

You can also take a peek at 15 Best New Tech Stocks to Buy Now and 10 Best Tech Stocks to Buy According to Japanese Billionaire Masayoshi Son

Follow Insider Monkey on Twitter