5 Best Tech Stocks to Buy According to Japanese Billionaire Masayoshi Son

2. Facebook, Inc. (NASDAQ: FB)

Number of Hedge Fund Holders: 257   

Facebook, Inc. (NASDAQ: FB) stock has returned more than 55% to investors in the past twelve months. The company operates as a technological corporation and owns several large social media brands. It is placed second on our list of 10 best tech stocks to buy according to Japanese billionaire Masayoshi Son. SB Management is in possession of over 10.8 million shares in Facebook that are worth more than $3.1 billion. However, the firm has trimmed its stake in Facebook by 10% compared to the fourth quarter of 2020. 

On June 28, Facebook, Inc. (NASDAQ: FB) stock jumped more than 3.5% and the firm reached over $1 trillion in market capitalization, one of a handful of tech companies to do so, as an antitrust lawsuit against the firm was dismissed.  

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.”