Top 5 Stock Picks of Ryan Frick’s Dorsal Capital

2. Facebook, Inc. (NASDAQ:FB)

Frick’s Stake Value: $257,305,000
Percentage of Ryan Frick’s 13F Portfolio: 12.01%
Number of Hedge Fund Holders: 266

Facebook, Inc. (NASDAQ:FB) is a tech company based in the United States. It was founded in 2004, and it stands second on the list of top 10 stock picks of Ryan Frick’s Dorsal Capital. Shares of Facebook, Inc. (NASDAQ:FB) surged 38.66% in the past 12 months.

On September 9, Facebook, Inc. (NASDAQ:FB) joined the big-tech party by creating in-house semiconductors to manufacture more powerful and energy-efficient processors that will be cheaper and give more long-term savings for firms that run power-hungry data centres.

Dorsal Capital holds 740,000 shares in Facebook, Inc. (NASDAQ:FB), worth $257.31 million. This represents 12.01% of their portfolio. The hedge fund increased its stake in the firm by 48% in the second quarter of 2021. The company saw an increase in hedge fund sentiment recently. The number of hedge fund positions climbed to 266 in the second quarter of 2021, compared to 257 positions in the previous quarter.

Polen Capital, in its second-quarter 2021 investor mentioned Facebook, Inc. (NASDAQ:FB). Here is what the fund said:

“Facebook was the top contributor to our return for the second consecutive quarter. The company has over $1 trillion market capitalizations. Yet, based on first quarter 2021 results, FB is currently still growing revenue at over 30% organically! In fact, last quarter Facebook grew revenue 48% year over year. Facebook has generated earnings and intrinsic value growth for many years, driven largely by the mostly free services the company provide to people who can easily choose to stop using them and spend their time elsewhere.

That said, we are regularly asked about the perceived high regulatory risk around Facebook. We examine risks to businesses and, in particular, regulatory risks through a lens of risk exposure versus actual risk. For instance, the antitrust complaints globally against Facebook based on their size, influence, and strong competitive positioning, definitionally exposes these companies to more regulatory risk than much smaller businesses. However, we do not believe risk exposure is the same as actual risk…” (Click here to see the full text)