Top 5 Tech Stocks to Buy Today According to Brad Gerstner’s Altimeter Capital Management

2. Facebook, Inc. (NASDAQ:FB)

Gerstner’s Stake Value: $1.3 billion

Percentage of Brad Gerstner’s 13F Portfolio: 9.81%

Number of Hedge Fund Holders: 266

Facebook, Inc. (NASDAQ:FB) is a multinational technology company that was founded in 2004. The market capitalization of the company currently is $1.012 trillion.

Gerstner has 3.75 million shares in Facebook, Inc. (NASDAQ:FB) worth $1.3 billion. The fund invested in the company in the first quarter of 2018. The hedge sentiment towards Facebook, Inc. (NASDAQ:FB) increased in the second quarter of 2021. Our data shows that the number of hedge funds having stakes in the company is 257 in the second quarter of 2021, compared to 266 in the previous quarter.

First Eagle Investment Management mentioned Facebook, Inc. (NASDAQ:FB) in its second-quarter 2021 investor letter. Here is what the fund 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.”