Billionaire David Tepper’s Top 5 Stock Picks

4. Facebook, Inc. (NASDAQ: FB)

Value: $549,325,000
Percent of David Tepper’s 13F Portfolio: 8.21%
Number of Hedge Fund Holders: 242

Facebook ranks 4th among billionaire David Tepper’s top 10 stock picks. The social media company’s stock has gained 90% in value over the last 12 months.  Axios recently reported that Facebook is testing partnerships with publishing platforms with plans to help writers monetize their content.  The company is also launching “Instagram Lite” in 170 countries. Facebook ranks 3rd in our list of the 30 Most Popular Stocks Among Hedge Funds: 2020 Q4 Rankings.

As of the end of the fourth quarter, there were 242 hedge funds in Insider Monkey’s database that held stakes in Facebook, compared to 230 funds in the third quarter. SB Management, with 12 million shares of FB, is the biggest stakeholder in the company.