Top 5 Stock Picks of Scott Ferguson’s Sachem Head Capital

In this article, we discuss the top 5 stock picks of Scott Ferguson’s Sachem Head Capital. If you want to read our detailed analysis of these stocks, go directly to Top 10 Picks of Scott Ferguson’s Sachem Head Capital.

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

Value of Sachem Head Capital’s Stake: $208.6 million

Percentage of Sachem Head Capital’s 13F Portfolio: 5.4%

No. of Hedge Fund Holders: 266

Meta Platforms, Inc. (NASDAQ:FB) is a technology company. It allows users to communicate and exchange information using mobile devices and PCs. The company’s main products are Facebook, Instagram, Messenger, WhatsApp, and Facebook Reality Labs.

Sachem Head Capital allocated 5.4% of its 13F portfolio to Meta Platforms, Inc. (NASDAQ:FB), based on the Q2 filings of the fund.

Polen Capital mentioned Meta Platforms, Inc. (NASDAQ:FB) in its Q3 2021 investor letter. Here is what the fund said:

“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.”