How do the New Strategic Movements Impact Meta Platforms (META)?

Investment management company First Pacific Advisors recently released its “FPA U.S. Core Equity Fund Inc.” first quarter 2023 investor letter. A copy of the same can be downloaded here. The fund delivered a 10.54% net return in the first quarter compared to a 7.50% return for the S&P 500 Index. The fund’s outperformance in the quarter was attributable to its overweight exposure to the Information Technology, Communication Services, and Consumer Discretionary Sectors. In addition,...