5 High Quality S&P 500 Stocks Billionaires Are Loading Up On

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

Number of Billionaire Investors In Q1 2023: 26

Meta Platforms, Inc. (NASDAQ:META) is one of the world’s largest technology companies. This is because it owns several popular social networks and instant messaging platforms. Previously known as Facebook, the firm is based in Menlo Park, California.

After digging through 943 hedge funds for their March quarter of 2023 investments, Insider Monkey discovered that 220 had held a stake in the company. Meta Platforms, Inc. (NASDAQ:META)’s largest shareholder is Philippe Laffont’s Coatue Management with a $1.7 billion investment.

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