5 Best Major Stocks to Buy Now

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

Number of Hedge Fund Investors In Q1 2023: 220

After a tough year on the stock market in 2022, Meta Platforms, Inc. (NASDAQ:META) has bounced back remarkably well this year with close to 200% in share price gains. It is now looking to take on Twitter in the social media scene, by launching its own platform connected with Instagram.

220 of the 943 hedge funds part of Insider Monkey’s database had bought and owned Meta Platforms, Inc. (NASDAQ:META)’s shares as of Q1 2023. Out of these, the firm’s largest shareholder is Philippe Laffont’s Coatue Management with a $1.7 billion stake.

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