Girish Kumar’s TenCore Partners is Investing in These 5 Technology Stocks

2. Facebook, Inc. (NASDAQ:FB)

Kumar’s Stake Value: $97,903,000
Percentage of Girish Kumar’s 13F Portfolio: 14.1%
Number of Hedge Fund Holders: 266

Facebook, Inc. (NASDAQ:FB) is a multinational social networking services company based in Menlo Park, California. Ranked 2nd on the list of the 10 technology stocks Girish Kumar’s TenCore Partners is investing in, Facebook, Inc. (NASDAQ:FB) has a market capitalization of $1.05 trillion.

Girish Kumar’s TenCore Partners currently owns 281,565 shares in Facebook, Inc. (NASDAQ:FB), amounting to $97.9 million in worth and accounting for 14.1% 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 worth $40 billion.

In the Q2 2021 investor letter of Kinsman Oak Capital Partners, the fund mentioned Facebook, Inc. (NASDAQ:FB). Here is what they said:

“Our thesis on Facebook is largely playing out. The company overwhelmingly beat Q1 earnings estimates, and the growth outlook continues to look positive from here. Falling yields also benefitted the stock price as well. We continue to believe Facebook is attractively valued at ~12x FY22 EBITDA given its deep economic moat and underrated growth prospects.”