Top 5 Stock Picks of Rajiv Jain’s GQG Partners

In this article, we discuss the top 5 stock picks of Rajiv Jain’s GQG Partners. If you want our detailed analysis of these stocks, go directly to the Top 10 Stock Picks of Rajiv Jain’s GQG Partners.

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

GQG Partners’ Stake Value: $1,597,927,000

Percentage of GQG Partners’ 13F Portfolio: 4.69%

Number of Hedge Fund Holders: 266

As the parent organization of leading social media platforms like Facebook, Instagram, and WhatsApp, Meta Platforms, Inc. (NASDAQ:FB) is one of the Big Five US tech firms, and a top stock in GQG Partners’ Q2 portfolio. Rajiv Jain, via his investment firm, owns stakes worth $1.59 billion in Meta Platforms, Inc. (NASDAQ:FB), as of the end of June, which accounts for 4.69% of Jain’s portfolio.

Billionaire investor Ken Fisher’s Fisher Asset Management is one of the top stakeholders in Meta Platforms, Inc. (NASDAQ:FB), with 7.59 million shares worth $2.57 billion. Overall, 266 hedge funds monitored by Insider Monkey’s database of elite funds were long Meta Platforms, Inc. (NASDAQ:FB) at the end of Q2. 

Meta Platforms, Inc. (NASDAQ:FB) posted Q3 results on October 25, with the EPS for the quarter totaling $3.22, beating estimates by $0.04. Revenue for the period failed to meet forecasted revenue, missing estimates by -$513.23 million at $29.01 billion.

Here is what Polen Capital has to say about Meta Platforms, Inc. (NASDAQ:FB) in its Q3 2021 investor letter:

“Facebook’s stock was pressured on concerns about regulation in the quarter. We are constantly monitoring the potential regulatory risks to Facebook (and all of our holdings). At this point, we see very little chance that regulation changes Facebook’s business model in a meaningful and adverse way. Regarding the recent data shared by a former Facebook employee and the company itself on some of the unfortunate negative consequences of social media, we recognize these types of issues will inevitably linger in different forms and fashions well into the future. We have been focused on the ability of Facebook to identify and mitigate these negative consequences while amplifying the value users typically cite for its apps across a long list of use cases. We continuously monitor the vibrance of the user base on Facebook’s apps to confirm that value.”