"Stanley Druckenmiller of Duquesne Family Office bought 76,100 shares of Meta Platforms and 102,200 shares of Alphabet. They collectively account for 2% of his portfolio. Israel Englander of Millennium Management purchased 793,500 shares of Meta Platforms and 2.2 million shares of Alphabet. They are now his eighth- and fifth-largest holdings, respectively, excluding options."
"Meta Platforms owns three of the four most popular social media networks as measured by monthly active users. Those web properties afford the company insight into consumer likes and dislikes that inform content suggestions and advertising. The ability to engage internet users on such a vast scale has made Meta the second-largest ad tech company. Malik Ahmed Khan at Morningstar recently wrote, "Meta is a digital advertising juggernaut poised to increase its market share." His confidence is partly due to its dominance in social media, but also to its investments in artificial intelligence (AI). Meta has designed custom AI chips and proprietary large language models to improve content recommendations, and its"
"Ken Griffin of Citadel Advisors bought 1.4 million shares of Meta Platforms, now his fourth-largest holding excluding options. He also added 2.5 million shares of Alphabet, though it remains a relatively small position. Philippe Laffont of Coatue Management purchased 355,000 shares of Meta Platforms and 7.3 million shares of Alphabet. They are now his largest and third-largest holdings, respectively."
The Nasdaq Composite entered a new bull market earlier this year, and since 1990 prior Nasdaq bull markets averaged roughly 31% annual returns, implying significant upside potential in 2026 and beyond. Several prominent hedge-fund managers materially increased holdings in Meta Platforms and Alphabet during the third quarter, making them sizable positions in multiple portfolios. Meta owns three of the four largest social networks by monthly active users and ranks as the second-largest ad tech company. Meta invests in artificial intelligence, including custom AI chips and proprietary large language models, to improve content recommendations and advertising effectiveness. Buyers include Stanley Druckenmiller, Israel Englander, Ken Griffin, and Philippe Laffont.
Read at The Motley Fool
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