Billionaire Englander’s 5 Biggest PUT Positions

In this article, we discuss the 5 stocks that Israel Englander has PUT positions on. If you want to read about some more stocks that Englander has PUT positions on, go directly to Billionaire Englander’s Biggest PUT Positions.

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

Number of Hedge Fund Holders: 225    

Meta Platforms, Inc. (NASDAQ:META) is a tech firm that owns and runs social media platforms.  Latest 13F filings show that Millennium Management owned PUT options on 6.3 million shares of Meta Platforms, Inc. (NASDAQ:META) at the end of September 2023 worth $1.8 billion, representing 0.95% of the portfolio of the fund. 

On October 31, investment advisory Citi maintained a Buy rating on Meta Platforms, Inc. (NASDAQ:META) stock with a price target of $425. 

At the end of the second quarter of 2023, 225 hedge funds in the database of Insider Monkey held stakes worth $30 billion in Meta Platforms, Inc. (NASDAQ:META), compared to 220 in the preceding quarter worth $25 billion. 

In its Q3 2023 investor letter, Weitz Investment Management, an asset management firm, highlighted a few stocks and Meta Platforms, Inc. (NASDAQ:META) was one of them. Here is what the fund said:

“As for other quarterly contributors, Alphabet, Inc., (GOOG) and Meta Platforms, Inc. (NASDAQ:META) added to their exceptional year-to-date returns. Meta Platforms and Alphabet were the true year-to-date standouts. After steep declines in 2022, both stocks rebounded sharply due to a combination of solid fundamentals, disciplined operational execution, and improved sentiment. Despite outsized gains and attention, we think both Alphabet and Meta remain undervalued.”