Billionaire David Shaw’s Quant Models Love These 5 Stocks

In this article, we discuss billionaire David Shaw’s quant models that love these 5 stocks. You can read our detailed analysis of David Shaw’s quant models and go directly to read Billionaire David Shaw’s Quant Models Love These 15 Stocks.

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

Number of Hedge Fund Holders: 225
D.E Shaw’s Stake Value: $903.15 Million
Percent of Portfolio: 0.92%

Meta Platforms, Inc. (NASDAQ:META) is a company that makes products for people to connect and share online. It makes money from ads on its apps, like Facebook and Instagram.

Meta Platforms, Inc. (NASDAQ:META) has turned out to be one of billionaire David Shaw’s top quant stock picks, going by the 150% plus gain year to date. The rally came on the company embarking on a restructuring drive that involved shelving plans in low-growth areas, trimming the workforce, and focusing on high-growth areas. In return, Meta Platforms, Inc. (NASDAQ:META) has benefited from increased spending on advertising, with its sentiments receiving a boost and an increased focus on artificial intelligence instead of the metaverse.

Insider Monkey analyzed the shareholdings of 910 hedge funds for the June quarter of 2023 and found that 225 of them had invested in Meta Platforms, Inc. (NASDAQ:META). The company had Tiger Global Management LLC as its top investor in our database. The firm, which is run by Chase Coleman and Feroz Dewan, had 8.57 million shares of Meta, valued at $2.46 billion.

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