Steve Cohen Stock Portfolio: Top 10 Stock Picks

Page 5 of 5

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

Market value of shares owned: $519,639,361

% of portfolio: 0.67%

Meta Platforms, Inc. (NASDAQ:META) is one of the 10 Best Stocks in Steve Cohen’s Portfolio.

On May 23, 2026, Morningstar reported that Meta Platforms, Inc. (NASDAQ:META) had quietly launched a new free app called Forum on Apple’s App Store without a public announcement. This new standalone iOS application, dedicated entirely to Facebook Groups, streamlines group activity into a focused workspace. Closely resembling Reddit, the Forum prioritizes discussion-first feeds and nickname posting. The app also offers an AI-powered “Ask” search tab over traditional social timelines. The rollout marks a broader app offensive for Meta Platforms, Inc. (NASDAQ:META), as the company also recently launched “Instants,” a Snapchat-like platform that offers disappearing photo sharing. A Meta spokesperson gave the following comment.

We test lots of new products publicly to see what people find interesting and useful to their experiences across our apps.

In another development, on May 26, 2026, Registered Investment Advisor, JLens, urged Meta Platforms, Inc. (NASDAQ:META) shareholders to vote FOR Shareholder Proposal 8 at the annual meeting on May 27, 2026. The proposal is backed by the proxy advisory firm Glass Lewis and calls for a transparent report assessing the company’s effectiveness in combating antisemitism and online hate. JLens notes that unmitigated extremist content actively compromises advertiser safety, risking Meta Platforms, Inc. (NASDAQ:META)’s core revenue channels.

Founded in 2004, Meta Platforms, Inc. (NASDAQ:META) is a global technology conglomerate with headquarters in California. The company builds technologies that help people connect, find communities, and grow businesses through its “Family of Apps.”

While we acknowledge the potential of META to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than META and that has 100x upside potential, check out our report about the cheapest AI stock.

Click to continue reading and see the 5 Best Stocks in Steve Cohen’s Portfolio.

Disclosure: None. Follow Insider Monkey on Google News.

Page 5 of 5
1281292 - 11759070 - 1