Israel Englander’s Stock Portfolio: Top 10 Stocks to Invest in

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

Number of Hedge Fund Holders as of Q4: 262

Millennium Management’s Equity Stake: $1.50 Billion 

Meta Platforms, Inc. (NASDAQ:META), formerly known as Facebook, is a leading multinational technology conglomerate based in Menlo Park, California. The company owns and operates major social media platforms, including Facebook, Instagram, Threads, and WhatsApp, alongside various digital services. In Q4 2024, the company reported exceptional financial results, with revenue rising 21% year-over-year to $48.4 billion, surpassing Wall Street’s forecast of $47 billion. Diluted earnings per share (EPS) saw an impressive 50% increase, reaching $8.02, well above the expected $6.76. This strong performance initially boosted Meta’s stock by nearly 9%, though some of those gains were later pared back. The company’s core digital advertising business remains a key driver of growth, while its advancements in artificial intelligence (AI), including AI-driven content recommendations and marketing tools, have further solidified its competitive position.

Investor confidence in Meta Platforms, Inc. (NASDAQ:META) continues to grow, with institutional interest in the stock surging. As of Q4 2024, Millennium Management held over 2.5 million META shares, valued at almost $1.50 billion, ranking it among Israel Englander’s top investment picks. Hedge fund interest in Meta has also increased, with 262 funds tracked by Insider Monkey holding stakes worth over $59.38 billion by the end of the fourth quarter, up from 235 funds in Q3. This heightened institutional backing reflects strong expectations for the company’s long-term growth, driven by its expanding AI capabilities and dominant presence in the social media and digital advertising markets.

Meta Platforms, Inc. (NASDAQ:META) is expanding its digital ad market share through AI-driven solutions, boosting 2024 revenue by 22%, double the industry’s growth rate. AI tools enhance ad targeting, creativity, and efficiency, increasing advertiser ROI by 32% and reducing acquisition costs by 17%. Advertiser adoption has quadrupled in six months, while ad prices rose 14% in Q4. With new AI innovations like video generation and a projected $513 billion digital ad market by 2027, Meta is poised for continued growth.