Institutional Insights on Meta Platforms' Shareholders
2024-03-12
During the meeting held to discuss Meta Platforms, data from the quarter ending on December 31, 2023, revealed that 3,555 hedge funds were holding approximately 1.84 billion shares of the company. Additionally, 63 exchange-traded funds (ETFs) collectively held 94.36 million Meta shares. Among the top institutional holders of Meta shares were Vanguard Group Inc., BlackRock Inc., FMR LLC, State Street Corp, and JPMorgan Chase & Co.
In the last quarter, 1,580 hedge funds were actively buying Meta shares, while 1,413 were selling their positions. The selling hedge funds offloaded about 116.63 million shares, whereas they purchased around 86.07 million shares. Furthermore, 140 hedge funds doubled down on their positions in Meta, while 22 funds decided to sell at least 90% of their Meta shares.
![Cover photo of the article](https://storage.googleapis.com/shark_public/pictures/p_ladowarka_samochod.png)
The meeting also highlighted the sentiments of various institutions towards Meta Platforms. The most pessimistic institutions included Norges Bank, Bank of America Corp, Wellington Management Group LLP, and Citadel Advisors LLC. Conversely, the most optimistic institutions were Barclays PLC, Capital Research Global Investors, Legal & General Group Plc, Concentrum Wealth Management, and AllianceBernstein L.P.
The data presented during the meeting was sourced from sharkstracker.com, a platform known for providing a data-driven perspective on the market. For those interested in delving deeper into the details, the full article can be accessed at: [SharksTracker Report on Meta](https://www.sharkstracker.com/reports/ReportDetail12:META/?rrr=3).