Top 5 Stock Picks of Li Ran’s Half Sky Portfolio

2. Facebook, Inc. (NASDAQ:FB)

Li Ran’s Stake Value: $46.7 million

 

Percentage of Li Ran’s 13F Portfolio: 13.68%

Number of Hedge Fund Holders: 266

Facebook, Inc. (NASDAQ: FB) is a California-based technology company founded in 2004 as TheFacebook is a social networking website. Facebook is currently one of the biggest companies in the world and also one of the big five IT companies of the USA and has a market cap of $940.68 billion

First Eagle Investment Management mentioned Facebook, Inc. (NASDAQ:FB) as the leading contributor in their second-quarter 2021 investor letter. Here is what it said:

“Leading contributors in the First Eagle Global Fund this quarter included Facebook, Inc. Class A. Facebook has continued to post impressive results for both revenue and active users of its traditional platforms. In the meantime, the social media giant continues to make progress on new initiatives—like Facebook Horizon (virtual reality) and Facebook Shops (e-commerce)—and maintains attractive monetization optionality around services like Messenger and WhatsApp.”