Tiger Global’s 15 Long-Term Stock Picks

Page 15 of 15

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

Number of Hedge Fund Holders: 235

Meta Platforms, Inc. (NASDAQ:META) engages in the development of products that enable people to connect and share with friends and family. The firm is the largest holding in the 13F portfolio of Tiger Global and has featured in this portfolio consistently since late 2016. At the end of the third quarter of 2024, Tiger Global owned over 7.4 million shares in the tech firm worth close to $4.2 billion, representing 18.2% of the 13F portfolio. This stake has neither been added to nor sold over the past three quarters by the fund.

Tiger Global first purchased a stake in Meta Platforms, Inc. (NASDAQ:META) in the third quarter of 2012, comprising over 11 million shares. However, it sold off this holding within months. In 2016, when it bought a stake in the tech giant again, it purchased shares at an average price of $122.81. The stock is presently trading at over $611 per share.

While we acknowledge the potential of Meta Platforms, Inc. (NASDAQ:META) as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than Meta Platforms, Inc. (NASDAQ:META) but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: 8 Best Wide Moat Stocks to Buy Now and 30 Most Important AI Stocks According to BlackRock.

Disclosure: None. Insider Monkey focuses on uncovering the best investment ideas of hedge funds and insiders. Please subscribe to our free daily e-newsletter to get the latest investment ideas from hedge funds’ investor letters by entering your email address below.

Page 15 of 15