Top 5 Smartest Companies To Buy According To Hedge Funds

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

Hedge Fund Investors as of Q3 2022: 177

Meta Platforms, Inc. (NASDAQ:META) is one of the largest social media conglomerates in the world. It owns social media networks Facebook and Instagram as well as WhatsApp, a voice over internet protocol (VOIP) messaging platform. The firm is based in Menlo Park, California.

Meta Platforms, Inc. (NASDAQ:META) has bled market value recently, as its shares are down by nearly 50% over the past 12 months. Despite this, 177 of the 920 hedge funds polled by Insider Monkey had held a stake in the company in Q3 2022.

Meta Platforms, Inc. (NASDAQ:META)’s largest investor is Ken Fisher’s Fisher Asset Management which owns 11 million shares that are worth $1.6 billion.

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