JP Morgan’s Top 5 Stock Picks for 2023

4. Meta Platforms, Inc. (NASDAQ:META)

JPMorgan’s Q3 2023 Investment Value: $14.5 billion

Meta Platforms, Inc. (NASDAQ:META) is the biggest social media company in the world, primarily known for its social networking platform Facebook. The firm is widely believed to be one of the biggest beneficiaries of the AI revolution due to the massive amounts of data that it has at its disposal.

As of Q2 2023 end, 225 out of the 910 hedge funds profiled by Insider Monkey had held a stake in the company. Meta Platforms, Inc. (NASDAQ:META)’s biggest hedge fund investor in Q3 was Peter Rathjens, Bruce Clarke, and John Campbell’s Arrowstreet Capital due to its $3.4 billion investment.

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