Top 5 Stock Picks of Anand Desai’s Darsana Capital Partners

3. Facebook, Inc. (NASDAQ:FB)

Desai’s Stake Value: $295,554,000

Percentage of Anand Desai’s 13F Portfolio: 8.4%

Number of Hedge Fund Holders: 266

Mark Zuckerberg’s Facebook, Inc. (NASDAQ:FB) was founded in 2004 and is headquartered in Menlo Park, California. It is one of the biggest technology companies in the world.

Darsana Capital Partners holds a total of $295.554 million worth of shares in Facebook, Inc. (NASDAQ:FB). The number of hedge funds that held stakes in Facebook has increased from 257 in Q1 to 266 in Q2 this year.

In the Q2 2021 investor letter of First Eagle Investment Management, the fund mentioned Facebook, Inc. (NASDAQ:FB). Here is what they said:

“Leading contributors in the First Eagle Global Fund this quarter included Facebook, Inc. Class A. Facebook has continued to post impressive results for both revenue and active users of its traditional platforms. In the meantime, the social media giant continues to make progress on new initiatives—like Facebook Horizon (virtual reality) and Facebook Shops (e-commerce)—and maintains attractive monetization optionality around services like Messenger and WhatsApp.”