Ray Dalio is Doubling Down on These 5 Stocks

In this article, we discuss the 5 stocks that Ray Dalio is doubling down on. If you want to read our detailed analysis of these stocks, go directly to Ray Dalio is Doubling Down on These 10 Stocks.

5. Meta Platforms, Inc. (NASDAQ:FB)

Number of Hedge Fund Holders: 266   

Percentage Increase in Stake During Q3: 1,198%

Meta Platforms, Inc. (NASDAQ:FB) is a technology firm that helps people make digital connections. Regulatory filings show that Bridgewater Associates owned 26,217 shares in the company at the end of the third quarter of 2021 worth over $8.8 million, representing 0.04% of the portfolio. 

Piper Sandler analyst Thomas Champion recently maintained a Neutral rating on Meta Platforms, Inc. (NASDAQ:FB) stock with a price target of $385, calling the decision of the firm to change brand name from Facebook to Meta a “big, bold, and risky bet”. 

At the end of the second quarter of 2021, 266 hedge funds in the database of Insider Monkey held stakes worth $42 billion in Meta Platforms, Inc. (NASDAQ:FB), up from 257 in the preceding quarter worth $40 billion. 

In its Q1 2021 investor letter, ClearBridge Investments, an asset management firm, highlighted a few stocks and Meta Platforms, Inc. (NASDAQ:FB) was one of them. Here is what the fund said:

“We continued to keep our learnings from 2020 in mind during the quarter as we sought to increase the up capture of the portfolio. We also made adjustments to the portfolio’s top 10 holdings to increase the participation of select stocks, including Facebook, while trimming our weighting to stable names, which now represent 47% of the portfolio. Our repositioning has been encouraging so far with the portfolio performing better on up days in the market while maintaining good down capture during more turbulent sessions.”