12 Best Stocks to Buy According to Billionaire David Abrams

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

Abrams Capital Management’s Stake: $215 Million

Meta Platforms, Inc. (NASDAQ:META) has been a staple in the 13F portfolio of Abrams Capital Management for many years. The fund first purchased a stake in the tech giant back in late 2018. This position comprised just under a million shares. Only minor adjustments were made to this position for a year. In 2020, this holding was increased by 18% to 1.2 million shares. Till the last quarter of 2023, the fund did not make major changes to this bet. However, in the fourth quarter of 2022, it upped this stake more than 80% to around 2.2 million shares. The holding was subsequently reduced to 620,000 shares and then to under 400,000 shares by early 2025. Filings for the fourth quarter of 2025 show that the fund has trimmed the stake by another 17% to around 325,000 shares.

Meta Platforms, Inc. (NASDAQ:META) is among the top stock picks of elite investors because of a variety of factors. The firm is often viewed as the most efficient and undervalued AI-integrated advertising business in the world. Latest numbers indicate that AI-driven recommendations in Reels and Threads have pushed Meta’s Family Daily Active People to over 3.48 billion as of Q1 2026, a 6% year-over-year increase. Meta also maintains a Price/Earnings to Growth (PEG) ratio of approximately 1.15. For hedge funds, this indicates that the stock is not priced for perfection compared to peers like NVIDIA or Microsoft, which often trade at much higher multiples.