Hedge Funds (including Baupost?) Have Never Been This Bullish On Facebook Inc (FB)

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Before we spend countless hours researching a company, we like to analyze what insiders, hedge funds and billionaire investors think of the stock first. This is a necessary first step in our investment process because our research has shown that the elite investors' consensus returns have been exceptional. In the following paragraphs, we find out what the billionaire investors and hedge funds think of Facebook Inc (NASDAQ:FB).” data-reactid=”12″>Before we spend countless hours researching a company, we like to analyze what insiders, hedge funds and billionaire investors think of the stock first. This is a necessary first step in our investment process because our research has shown that the elite investors’ consensus returns have been exceptional. In the following paragraphs, we find out what the billionaire investors and hedge funds think of Facebook Inc (NASDAQ:FB).

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Facebook Inc (NASDAQ:FB) was in 213 hedge funds’ portfolios at the end of the first quarter of 2020. FB investors should pay attention to an increase in activity from the world’s largest hedge funds of late. There were 198 hedge funds in our database with FB holdings at the end of the previous quarter. Our calculations also showed that FB ranked #3 among the 30 most popular stocks among hedge funds (click for Q1 rankings and see the video for a quick look at the top 5 stocks).” data-reactid=”13″>Facebook Inc (NASDAQ:FB) was in 213 hedge funds’ portfolios at the end of the first quarter of 2020. FB investors should pay attention to an increase in activity from the world’s largest hedge funds of late. There were 198 hedge funds in our database with FB holdings at the end of the previous quarter. Our calculations also showed that FB ranked #3 among the 30 most popular stocks among hedge funds (click for Q1 rankings and see the video for a quick look at the top 5 stocks).

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Video: Watch our video about the top 5 most popular hedge fund stocks.” data-reactid=”15″>Video: Watch our video about the top 5 most popular hedge fund stocks.

The top 10 stocks among hedge funds returned 185% since the end of 2014 and outperformed the S&P 500 Index ETFs by more than 109 percentage points. We know it sounds unbelievable. You have been dismissing our articles about top hedge fund stocks mostly because you were fed biased information by other media outlets about hedge funds’ poor performance. You could have doubled the size of your nest egg by investing in the top hedge fund stocks instead of dumb S&P 500 ETFs. Below you can watch our video about the top 5 hedge fund stocks right now. All of these stocks had positive returns in 2020.

Chase Coleman of Tiger Global

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="At Insider Monkey we leave no stone unturned when looking for the next great investment idea. For example, we believe electric vehicles and energy storage are set to become giant markets, and we want to take advantage of the declining lithium prices amid the COVID-19 pandemic. So we are checking out investment opportunities&nbsp;like this one. We read hedge fund investor letters and listen to stock pitches at hedge fund conferences. Our best call in 2020 was shorting the market when S&amp;P 500 was trading at 3150 after realizing the coronavirus pandemic’s significance before most investors. Keeping this in mind let’s take a glance at the new hedge fund action surrounding Facebook Inc (NASDAQ:FB).” data-reactid=”25″>At Insider Monkey we leave no stone unturned when looking for the next great investment idea. For example, we believe electric vehicles and energy storage are set to become giant markets, and we want to take advantage of the declining lithium prices amid the COVID-19 pandemic. So we are checking out investment opportunities like this one. We read hedge fund investor letters and listen to stock pitches at hedge fund conferences. Our best call in 2020 was shorting the market when S&P 500 was trading at 3150 after realizing the coronavirus pandemic’s significance before most investors. Keeping this in mind let’s take a glance at the new hedge fund action surrounding Facebook Inc (NASDAQ:FB).

Hedge fund activity in Facebook Inc (NASDAQ:FB)

Heading into the second quarter of 2020, a total of 213 of the hedge funds tracked by Insider Monkey were long this stock, a change of 8% from the previous quarter. By comparison, 176 hedge funds held shares or bullish call options in FB a year ago. With the smart money’s sentiment swirling, there exists an “upper tier” of notable hedge fund managers who were boosting their stakes significantly (or already accumulated large positions).

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<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Among these funds, Tiger Global Management LLC held the most valuable stake in Facebook Inc (NASDAQ:FB), which was worth $1459.6 million at the end of the third quarter. On the second spot was Citadel Investment Group which amassed $1210.5 million worth of shares. Eagle Capital Management, AQR Capital Management, and D1 Capital Partners were also very fond of the stock, becoming one of the largest hedge fund holders of the company. In terms of the portfolio weights assigned to each position Harvard Management Co allocated the biggest weight to Facebook Inc (NASDAQ:FB), around 33.71% of its 13F portfolio. Immersion Capital is also relatively very bullish on the stock, dishing out 29.16 percent of its 13F equity portfolio to FB.” data-reactid=”39″>Among these funds, Tiger Global Management LLC held the most valuable stake in Facebook Inc (NASDAQ:FB), which was worth $1459.6 million at the end of the third quarter. On the second spot was Citadel Investment Group which amassed $1210.5 million worth of shares. Eagle Capital Management, AQR Capital Management, and D1 Capital Partners were also very fond of the stock, becoming one of the largest hedge fund holders of the company. In terms of the portfolio weights assigned to each position Harvard Management Co allocated the biggest weight to Facebook Inc (NASDAQ:FB), around 33.71% of its 13F portfolio. Immersion Capital is also relatively very bullish on the stock, dishing out 29.16 percent of its 13F equity portfolio to FB.

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