Is Facebook Inc (FB) a Good Stock to Invest In?

As industrywide interest jumped, some big names were breaking ground themselves. Citadel Investment Group, managed by Ken Griffin, initiated the largest call position in Facebook Inc (NASDAQ:FB). Citadel Investment Group had $455.7 million invested in the company at the end of the quarter. Matthew Knauer and Mina Faltas’s Nokota Management also made a $224.5 million investment in the stock during the quarter. The other funds with brand new FB positions are David Tepper’s Appaloosa Management LP, Gabriel Plotkin’s Melvin Capital Management, and Yen Liow’s Aravt Global.

Let’s go over hedge fund activity in other stocks – not necessarily in the same industry as Facebook Inc (NASDAQ:FB) but similarly valued. We will take a look at General Electric Company (NYSE:GE), AT&T Inc. (NYSE:T), Wells Fargo & Co (NYSE:WFC), and China Mobile Ltd. (ADR) (NYSE:CHL). This group of stocks’ market values match FB’s market value.

As you can see these stocks had an average of 58 hedge funds with bullish positions at the end of September and the average amount invested in these stocks was $8.84 billion. On the other hand, the total value of hedge funds’ holdings in Facebook is much higher – $16.28 billion.  Wells Fargo & Co (NYSE:WFC) is the most popular stock in this table. On the other hand China Mobile Ltd. (ADR) (NYSE:CHL) is the least popular one with only 20 bullish hedge fund positions. Compared to these stocks Facebook Inc (NASDAQ:FB) is more popular among hedge funds. Considering that hedge funds are fond of this stock in relation to its market cap peers, it may be a good idea to analyze it in detail and potentially include it in your portfolio.