5 Best Tech Stocks to Buy According to Billionaire Julian Robertson

2. Facebook, Inc. (NASDAQ: FB)

Robertson’s Stake Value: $46,094,000
Percentage of Julian Robertson’s 13F Portfolio: 9.06%
Number of Hedge Fund Holders: 257

Facebook, Inc. (NASDAQ: FB) is a technology company focusing on communication services and internet content and information. It has taken over WhatsApp and operates Messenger as well. The company falls under the list of the Big Five tech giants and is 2nd on our list of the best tech stocks to buy according to billionaire Julian Robertson.

On June 11th, Facebook, Inc. (NASDAQ: FB) completed its acquisition of BigBox VR. It has also released its Q121 report through which it revealed revenue of $26.17 billion and $9.5 billion in earnings. Facebook, Inc. (NASDAQ: FB) also beat EPS estimates for the quarter by $0.93 with a $3.3 EPS. The stock gained 22.22% in the past 6 months, 25.22% year to date, and has a forward PE ratio of 25.73.

In terms of hedge fund holders, as of Q121, 257 hedge funds held stakes in Facebook, Inc. (NASDAQ: FB) worth over $40 billion, up from Q420 numbers of 242 hedge fund holders with stakes worth $38.2 billion. Tiger Management holds 156,500 shares in the company worth $46 million.

Our calculations show that Facebook, Inc. (NASDAQ: FB) tops our list of the 30 Most Popular Stocks Among Hedge Funds. ClearBridge Investments, in its Q1 2021 investor letter, mentioned Facebook, Inc. (NASDAQ: FB). Here is what ClearBridge Investments has to say about Facebook, Inc. in its letter:

“We continued to keep our learnings from 2020 in mind during the quarter as we sought to increase the up capture of the portfolio. We also made adjustments to the portfolio’s top 10 holdings to increase the participation of select stocks, including Facebook, while trimming our weighting to stable names, which now represent 47% of the portfolio. Our repositioning has been encouraging so far with the portfolio performing better on up days in the market while maintaining good down capture during more turbulent sessions.”