5 Tech Stocks to Buy According Billionaire Chase Coleman

Below is the list of 5 tech stocks to buy according to billionaire Chase Coleman. For a detailed discussion about Chase Coleman’s performance and investment philosophy please 10 Tech Stocks to Buy According to Billionaire Chase Coleman. 

5. Meta Platforms, Inc. (NASDAQ:FB)

Tiger Global Management’s Stake Value: $1.69 billion

Percentage of Tiger Global Management’s Portfolio: 3.69% 

Number of Hedge Fund Holders: 229

Meta Platforms, Inc. (NASDAQ:FB) is one of the oldest members of billionaire Chase Coleman’s portfolio. Shares of the company are down significantly since the beginning of this year due to regulatory challenges. Besides that, the company appears in a strong position to back its share price. 

In the fourth quarter investor letter, Polen Capital, an investment management firm, mentioned a few stocks including Meta Platforms. Here is what Polen Capital stated: 

“We trimmed our position in Meta Platforms (formerly Facebook), balancing the short-term growth headwinds with the long-term opportunity and relocating the proceeds to Amazon. In our view, Meta’s core family of apps (Facebook, Instagram, and WhatsApp) remain strong and well-positioned for future growth from social media advertising and increasingly e-commerce within Meta’s respective apps. That said, we believe Meta’s heavy investment and major push in strategy, capital deployment, and innovation are likely to keep Meta’s earnings growth below what we would have otherwise expected in the medium term.”