Jim Langevin Stock Portfolio: 5 Stocks To Consider

1. Meta Platforms, Inc. (NASDAQ:FB)

Number of Hedge Fund Holders: 248    

Meta Platforms, Inc. (NASDAQ:FB) is a diversified technology company. At the end of the third quarter of 2021, 248 hedge funds in the database of Insider Monkey held stakes worth $38 billion in Meta Platforms, Inc. (NASDAQ:FB), down from 266 in the preceding quarter worth $42 billion. 

Latest filings reveal that Langevin purchased CALL options on Meta Platforms, Inc. (NASDAQ:FB) stock worth around $1,000-$15,000 with a strike price of $340 on January 26. The transaction in this regard was not disclosed till early February. 

In its Q1 2021 investor letter, ClearBridge Investments, an asset management firm, highlighted a few stocks and Meta Platforms, Inc. (NASDAQ:FB) was one of them. Here is what the fund said:

“We continued to keep our learnings from 2020 in mind during the quarter as we sought to increase the up capture of the portfolio. We also made adjustments to the portfolio’s top 10 holdings to increase the participation of select stocks, including Facebook, while trimming our weighting to stable names, which now represent 47% of the portfolio. Our repositioning has been encouraging so far with the portfolio performing better on up days in the market while maintaining good down capture during more turbulent sessions.”

You can also take a peek at 10 Cheap Dividend Kings with Over 2% Yield and 12 Best Semiconductor Stocks To Invest In Right Now.

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