Jorge Paulo Lemann’s Hedge Fund 3G Is Betting On These 5 Stocks

1. Meta Platforms Inc (NASDAQ:META)

Number of Hedge Fund Investors: 242

3G Capital’s Q4 2023 Investment Value: $32.74 million

Meta Platforms, Inc. (NASDAQ:META) is an American multinational technology company renowned for providing social networking services and advertising solutions across platforms such as Facebook, Instagram, Threads, and WhatsApp.

Roth MKM analysts maintain a Buy rating and a $500 price target on Meta Platforms, Inc. (NASDAQ:META) as of March 18.

According to Insider Monkey’s fourth-quarter 2023 database, 242 hedge funds held stakes in Meta Platforms, Inc. (NASDAQ:META), collectively valued at $44 billion. This represents an increase from the preceding quarter, where 234 hedge funds held positions valued at $35 billion.

Sequoia Fund stated the following regarding Meta Platforms, Inc. (NASDAQ:META) in its fourth quarter 2023 investor letter:

“Two additional trims, in Meta Platforms, Inc. (NASDAQ:META) and Carmax, were more substantive in nature. When Meta’s stock declined in 2022, we judged it to be significantly mispriced and held our ground through the bottom. We trimmed the position serially last year as the stock soared because we were wary of holding a large position exposed to significant regulatory risks, particularly in Europe. We are comfortable owning Meta at today’s much-reduced weighting and current valuation. The smaller position size reflects our updated assessment of the balance of long-term risk versus reward.”

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