5 Best Tech Stocks to Buy According to Billionaire Ken Griffin

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1. Facebook, Inc. (NASDAQ: FB)

Value: $839,157,000
Percent of Ken Griffin’s 13F Portfolio: 0.22%
No. of Hedge Fund Holders: 242

Facebook tops the list of the 10 best stocks to buy according to billionaire Ken Griffin. Recently, Deutsche Bank recently upped its forecasts for Facebook, citing an upbeat ad spending, delays in Apple’s iOS privacy changes and the company’s pivot towards becoming an ecommerce platform.  The firm raised its price target for FB stock to $385 from $355.

According to our database, the number of Facebook’s long hedge funds positions increased at the end of the fourth quarter of 2020. There were 242 hedge funds that hold a position in FB compared to 230 funds in the third quarter. The biggest stakeholder of the company is Masayoshi Son’s SB Management, with 12 million shares, worth $3.3 billion. Based on our calculations, Facebook ranks 3rd in our list of the 30 Most Popular Stocks Among Hedge Funds.

You can also take a peek at Tiger Cub Billionaire Stephen Mandel’s Top 10 Stock Picks and David Einhorn’s Top 10 Stock Picks.

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