5 Best Wide Moat Stocks To Buy According To Hedge Funds

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

Number of Hedge Fund Investors: 220

Meta Platforms, Inc. (NASDAQ:META) is one of the biggest social media firms in the world. Its economic moat stems from the fact that it has 3 billion active users and the company can use their details to train artificial intelligence models for marketing and other purposes.

By the end of this year’s first quarter, 220 of the 943 hedge funds surveyed by Insider Monkey had held the firm’s shares.  Meta Platforms, Inc. (NASDAQ:META)’s largest hedge fund stakeholder is Philippe Laffont’s Coatue Management since it owns 8 million shares that are worth $1.7 billion.

Follow Meta Platforms Inc. (NASDAQ:META)