Ken Griffin’s Citadel Is Piling Into These 5 Stocks

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

Number of Hedge Fund Holders: 224   

Percentage Increase in Stake During Q4: 99%

Meta Platforms, Inc. (NASDAQ:FB) is a diversified tech firm. According to the latest data, Citadel owned 2.4 million shares of Meta Platforms, Inc. (NASDAQ:FB) at the end of the fourth quarter of 2021 worth $815 million, representing 0.16% of the portfolio. The company has been in the Citadel portfolio since the second quarter of 2012. 

Hedge funds have been shedding Meta Platforms, Inc. (NASDAQ:FB) from their portfolios as inflation rises. At the end of the fourth quarter of 2021, 224 hedge funds in the database of Insider Monkey held stakes worth $31.8 billion in Meta Platforms, Inc. (NASDAQ:FB), compared to 248 in the preceding quarter worth $38.5 billion. 

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 Meta Platforms, Inc. (NASDAQ:FB), 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.”