5 Most Popular Retail Investor Stocks in 2024

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

Number of Q4 2023 Hedge Fund Shareholders: 242

Meta Platforms, Inc. (NASDAQ:META) is the holding company for Facebook, WhatsApp, and Instagram. Its shares underwent a bloodbath after the first quarter results reported in April 2024 as investors punished the firm for the high costs required to fuel AI growth.

As of December 2023 end, 242 out of the 933 hedge funds profiled by Insider Monkey were Meta Platforms, Inc. (NASDAQ:META) investors. Rajiv Jain’s GQG Partners owned the biggest stake which was worth $3.9 billion.

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