5 Stocks to Buy Now According to Michael Pausic’s Foxhaven Asset Management

1. Facebook, Inc. (NASDAQ:FB)

Pausic’s Stake Value: $509.6 million
Percentage of Michael Pausic’s 13F Portfolio: 13.91%
Number of Hedge Fund Holders: 266

Facebook, Inc. (NASDAQ:FB) is a multinational social networking services company based in Menlo Park, California.  The company has a market capitalization of $1.00 trillion, and is ranked 1st on the list of the 10 stocks to buy now according to Michael Pausic’s Foxhaven Asset Management.

Michael Pausic’s Foxhaven Asset Management currently holds owns 1.46 million shares in Facebook, Inc. (NASDAQ:FB), amounting to $509.6 million in worth and accounting for 13.91% of the fund’s portfolio. At the end of the second quarter of 2021, 266 hedge funds in the database of Insider Monkey held stakes worth $42 billion in Facebook, Inc. (NASDAQ:FB), compared to 257 in the previous quarter’s worth $40 billion.

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 look at 10 Best Stocks To Buy According To Billionaire Larry Robbins and 10 New Penny Stocks Redditors are Buying.

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