Billionaire Steve Cohen’s Top 5 Stock Picks

3. Facebook, Inc. (NASDAQ: FB)

Value: $309,497,000
Percent of Steve Cohen’s 13F Portfolio: 1.5%
No. of Hedge Fund Holders: 242

Facebook ranks 3rd on the list of billionaire Steve Cohen’s top 10 stock picks.  Despite the controversies like data privacy, Facebook remains a social media behemoth, having an ecosystem of apps such as Instagram and WhatsApp under its ownership. As of the end of the fourth quarter, Facebook has 1.84 billion daily active users and 2.8 billion monthly active users. Facebook shares are up 76% over the last 12 months.

According to our database, the number of FB’s long hedge funds positions increased at the end of the fourth quarter of 2020. There were 242 hedge funds that hold a position in Facebook, compared to 230 funds in the third quarter. The biggest stakeholder of the company is SB Management, with 12 million shares, worth $3.3 billion. Facebook ranks 3rd in our list of the 30 Most Popular Stocks Among Hedge Funds: 2020 Q4 Rankings.