5 Best Performing Growth Stocks in January and February 2024

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

Number of Q4 2023 Hedge Fund Shareholders: 242

Share Price Performance: 40.65%

Meta Platforms, Inc. (NASDAQ:META) is one of the biggest social media companies in the world. 2024 has been a big year for the firm that has seen it announce a surprise dividend and share plans to buy hundreds of thousands of advanced chips for AI use.

By December 2023 end, 242 out of the 933 hedge funds covered by Insider Monkey’s research had identified themselves as the firm’s investors. The largest Meta Platforms, Inc. (NASDAQ:META) investor among these is Rajiv Jain’s GQG Partners as it owns 11.1 million shares that are worth $3.9 billion.

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