What smart money is saying about Meta Platforms

META · Communication Services · Internet Content & Information · Market cap $1639.44B

15 funds in our archive have pitched Meta Platforms — most recently Longriver Partners Fund in July 2026.

Company profile

Meta Platforms Inc., which operated as Facebook, Inc. until its October 2021 rebranding, is a technology enterprise focused on developing innovative products that empower people globally to connect and share with their friends and family. These services are accessible across a variety of digital platforms, including mobile phones, personal computers, virtual reality devices, and wearables. The company's activities are organized into two principal divisions: the Family of Apps and Reality Labs. The Family of Apps segment encompasses well-known platforms such as: Facebook, where users can share content, participate in discussions, explore new interests, and build connections. Instagram, a vibrant community dedicated to sharing visual media like photos and videos, sending private messages, and utilizing features such as user feeds, ephemeral stories, short video reels, live streams, and integrated shopping functionalities. Messenger, a dedicated application that facilitates text, audio, and video communications, enabling individuals to communicate with their social networks, communities, and even businesses across different devices and operating systems. WhatsApp, a widely adopted and secure messaging service employed by individuals and enterprises for private communication and financial transactions. The Reality Labs division concentrates on pioneering augmented and virtual reality technologies. This segment is responsible for creating consumer-grade hardware, sophisticated software, and engaging content, all aimed at fostering a sense of connection among people, regardless of their physical location or time zone. Meta Platforms Inc. was founded in 2004 and its corporate headquarters are situated in Menlo Park, California.

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Reported positions

Bought

Sold

Letters

Position history

Between Q4 2024 and Q3 2026, 20 fund letters reported a position in Meta Platforms — 4 opened or added to the position, 2 trimmed or exited.

Fund letters reporting a position in Meta Platforms, by quarter
Quarter	Letters	Bought	Sold	Theses
Q3 2026	2	0	0	1
Q2 2026	11	4	1	2
Q1 2026	7	0	1	2
Q4 2025	0	0	0	6
Q3 2025	0	0	0	1
Q2 2025	0	0	0	1
Q4 2024	0	0	0	2

Fund activity · 21 positions · 6 moves

HoldsGuinness Global Innovators Fund
July 2026
“Meta priced a $30 billion bond deal in October, its largest in years, while Oracle has been the most aggressive borrower of the group, raising $43 billion in debt over the past year and planning more.”
Read the letterMeta Platforms
HoldsLongriver Partners Fund
July 2026
“Our Fund has been invested in TSMC and Meta since 2023, and Nvidia since 2025.”
Read the letterMeta Platforms
HoldsLongriver Partners Fund
July 2026
“Our Fund has been invested in TSMC and Meta since 2023, and Nvidia since 2025.”
Read the letterMeta Platforms
AddedMatrix Asset Advisors Capital Markets Commentary
June 2026
“We added to the portfolio’s holdings in Intuit, Lowe’s, Medtronic, Meta (Facebook), Nike, PepsiCo, TE Connectivity, Thermo Fisher Scientific, and Tyson Foods.”
Read the letterMeta Platforms
AddedWedgewood Partners Large Cap Focused Strategy
June 2026
“During the quarter, we were unusually busy. We bought Hermès and sold Tractor Supply Company, Zoetis, and CDW. We increased positions in Chubb, Progressive, Meta, Amazon, Microsoft, and Visa. We trimmed United Rentals, Alphabet, and Taiwan Semiconductor Manufacturing.”
Read the letterMeta Platforms
ExitedHardman Johnston Global Equity (Hardman Johnston Global Advisors)
June 2026
“We fully liquidated our investments in Commerzbank AG, Meta Platforms Inc. Class A, and Universal Display Corp.”
Read the letterMeta Platforms
HoldsClearBridge Investments ESG Investment
June 2026
“ClearBridge owns both Meta and Alphabet in several portfolios,”
Read the letterMeta Platforms
HoldsMontaka Global (Montaka Global Fund
June 2026
“Declines in ServiceNow, Microsoft, KKR, Salesforce and Meta Platforms were among the largest detractors from portfolio performance over the 12 months.”
Read the letterMeta Platforms
New positionIronvine Capital Partners Quarterly Investor Letter
June 2026
“We initiated a position in Meta in our Concentrated strategy and added to our existing position in Core during the second quarter.”
Read the letterMeta Platforms
HoldsHarding Loevner Global Equity
June 2026
Listed in Harding Loevner Global Equity’s reported holdings.
Read the letterMeta Platforms
HoldsGiverny Capital Asset Management Model Portfolio
June 2026
Listed in Giverny Capital Asset Management Model Portfolio’s reported holdings.
Read the letterMeta Platforms
HoldsBaron Opportunity Fund
June 2026
Listed in Baron Opportunity Fund’s reported holdings.
Read the letterMeta Platforms
AddedVision Capital Fund
June 2026
“We deployed some of that new capital to 10 of our existing positions (in alphabetical order): Cloudflare (NET), MercadoLibre (MELI), Meta (META), Nu (NU), Palantir (PLTR), Pro Medicus (PME), Sea Limited (SE), ServiceNow (NOW), Shopify (SHOP), and Zscaler (ZS).”
Read the letterMeta Platforms
HoldsRoyal London AM Global Equity Enhanced Fund
June 2026
Listed in Royal London AM Global Equity Enhanced Fund’s reported holdings.
Read the letterMeta Platforms
HoldsFlexible Equity Fund
March 2026
“Meta Platforms (META) detracted from performance despite continuing to deliver results ahead of consensus expectations.”
Read the letterMeta Platforms
HoldsBuffalo Growth Fund
March 2026
“Meta Platforms, Inc. 5.46”
Read the letterMeta Platforms
HoldsHardman Johnston Large Cap Equity
March 2026
“Comcast Corp. United States 1.3 Diversified Telecommunication Services Meta Platforms Inc. Class A United States 2.4 Interactive Media & Services”
Read the letterMeta Platforms
TrimmedMar Vista U.S. Quality Premier Portfolio
March 2026
“During the quarter-end rebalance of the Quality Premier strategy, we added to our holdings in Danaher (DHR), Netflix (NFLX) and Linde plc (LIN), and trimmed Intuit (INTU) and Meta Platforms (META).”
Read the letterMeta Platforms
HoldsHL Global Carbon Transition Equity
March 2026
Listed in HL Global Carbon Transition Equity’s reported holdings.
Read the letterMeta Platforms
HoldsBuffalo Blue Chip Growth Fund
March 2026
Listed in Buffalo Blue Chip Growth Fund’s reported holdings.
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HoldsGiverny Capital Asset Management (GCAM) model portfolio
March 2026
Listed in Giverny Capital Asset Management (GCAM) model portfolio’s reported holdings.
Read the letterMeta Platforms

Also mentioned · 34

These funds discuss Meta Platforms — as a competitor, benchmark or comparable — without disclosing a position in it.

MentionedGuinness Global Equity Income Fund
July 2026
“more than doubling as Amazon, Alphabet, Microsoft, Meta and Oracle continue to commit capital to AI compute capacity.”
Read the letterMeta Platforms
MentionedGuinness Global Quality Mid Cap Fund
July 2026
“Meta priced a $30 billion bond deal in October, its largest in years, while Oracle has been the most aggressive borrower of the group, raising $43 billion in debt over the past year with more planned.”
Read the letterMeta Platforms
MentionedAlpha Wealth Fund The Insiders Fund
July 2026
“Meta is already discussing selling its "excess" computing capacity, and SpaceX recently leased surplus AI data center capacity to Anthropic and Alphabet.”
Read the letterMeta Platforms
MentionedGuinness Pan-European Equity Income Fund
July 2026
“First, the big four hyperscalers (Amazon, Microsoft, Alphabet and Meta) issued guidance that their combined 2026 capital expenditure would be $650-725bn, up 60-77% year-on-year.”
Read the letterMeta Platforms
MentionedCDT Capital VNAV Strategy
July 2026
“The lack of a coherent AI strategy is drawing the ire of shareholders that are being asked to foot the bill for a $130 to $145B AI buildout with no comprehensible plan insight.”
Read the letterMeta Platforms
MentionedCDT Capital VNAV
July 2026
“Meta Earnings: The lack of a coherent AI strategy is drawing the ire of shareholders that are being asked to foot the bill for a $130 to $145B AI buildout with no comprehensible plan insight.”
Read the letterMeta Platforms
MentionedHosking Partners
June 2026
“In a reversal, Alphabet and Meta have recently conducted secondary offerings to ensure they do not fall behind in the spending race.”
Read the letterMeta Platforms
MentionedHotchkis & Wiley Value Opportunities
June 2026
“The big spenders are Alphabet, Amazon, Meta, Microsoft, Oracle, CoreWeave, Nebius, and SpaceX.”
Read the letterMeta Platforms
MentionedHotchkis & Wiley Large Cap Fundamental Value
June 2026
“The big spenders are Alphabet, Amazon, Meta, Microsoft, Oracle, CoreWeave, Nebius, and SpaceX.”
Read the letterMeta Platforms
MentionedHotchkis & Wiley Large Cap Disciplined Value
June 2026
“The big spenders are Alphabet, Amazon, Meta, Microsoft, Oracle, CoreWeave, Nebius, and SpaceX.”
Read the letterMeta Platforms
MentionedWarden Capital War Cap
June 2026
“such as Meta or SpaceX.”
Read the letterMeta Platforms
MentionedPacker & Co Investigator Trust
June 2026
“AI Capital Expenditure Boom (Google, Microsoft, Amazon, Meta & Oracle) Investors are on board, paying handsome prices for America’s tech giants.”
Read the letterMeta Platforms
MentionedGoodhart Partners Global Smaller Companies Fund
June 2026
“Combined AI capex: Microsoft, Alphabet, Meta, Amazon, Oracle.”
Read the letterMeta Platforms
MentionedDeep Sail Capital Partners
June 2026
“The company serves enterprise AI companies and the hyperscalers, including Google, Meta, Dell, HPE, IBM, Juniper Networks, and Oracle Corporation, among others.”
Read the letterMeta Platforms
MentionedBrasada CM Brasada Private Accounts
June 2026
“cash flow flush hyperscalers like Amazon, Microsoft, Alphabet, and Meta.”
Read the letterMeta Platforms
MentionedGuinness Global Equity Income Fund
June 2026
“Expected FY26 hyperscaler capex has risen from around $298bn in December 2024 to $737bn by May of this year, more than doubling as Amazon, Alphabet, Microsoft, Meta and Oracle continue to commit capital to AI compute capacity.”
Read the letterMeta Platforms
MentionedEmerald Focused Equity Strategy
June 2026
“Meta is reportedly preparing to rent out computing capacity to third parties, an implicit admission it has built more infrastructure than its own AI products currently require.”
Read the letterMeta Platforms
MentionedArtisan Partners US Select Equity Fund
June 2026
“The global property and casualty insurance needs of businesses such as Coca-Cola or American Express or Meta are not as simple as underwriting a state-mandated liability policy for a Toyota Camry.”
Read the letterMeta Platforms
MentionedSaltLight Capital Co‑Investor Letter
June 2026
“we see ample room for Meta and Microsoft to commoditise intelligence and earn money elsewhere.”
Read the letterMeta Platforms
MentionedArtisan Partners Global Value Fund
June 2026
“The global property and casualty insurance needs of businesses such as Coca-Cola or American Express or Meta are not as simple as underwriting a state-mandated liability policy for a Toyota Camry.”
Read the letterMeta Platforms
MentionedCDT Capital (CDT)
June 2026
“Meta is at it again.”
Read the letterMeta Platforms
MentionedMD SASS Concentrated Value
June 2026
“including Amazon, Microsoft, Meta, and Alphabet, but also the broader market.”
Read the letterMeta Platforms
MentionedCDT Capital
June 2026
“Meta is at it again.”
Read the letterMeta Platforms
MentionedHorizon Kinetics Market Commentary
June 2026
“Metcalfe’s Law, which is well-known in the computer sciences—though not frequently used in economics—has been evident in the initial valuations of companies like Facebook (now Meta) and Tencent, as well as Internet usage in general.”
Read the letterMeta Platforms
MentionedArtisan Partners Select Equity Strategy
June 2026
“The global property and casualty insurance needs of businesses such as Coca-Cola or American Express or Meta are not as simple as underwriting a state-mandated liability policy for a Toyota Camry.”
Read the letterMeta Platforms
MentionedHorizon Kinetics
June 2026
“Five companies have announced plans to spend a combined $720 billion on such expansion— Amazon ($198 billion); Microsoft ($146 billion), Alphabet ($186 billion); Meta ($132 billion); and Oracle ($56 billion).”
Read the letterMeta Platforms
MentionedBronte Capital Amalthea Fund
June 2026
Named in a table in Bronte Capital Amalthea Fund’s letter.
Read the letterMeta Platforms
MentionedDistillate Capital
June 2026
“Hyperscalers (Alphabet, Amazon, Meta, Microsoft, & Oracle) lagged amid concerns about returns on their enormous investments, while semiconductor and tech equipment companies benefiting from this spending surged.”
Read the letterMeta Platforms
MentionedBaron SMID Cap ETF
June 2026
“There are numerous reports of so-called “tokenmaxxing” being curtailed by companies such as Tesla, Meta, Accenture, and Walmart.”
Read the letterMeta Platforms
MentionedTAMIM Fund: Global High Conviction Unit Class
May 2026
“we expected lay-offs - tick:- see Meta, Atlassian, Oracle, Amazon amongst others.”
Read the letterMeta Platforms
MentionedHolland Advisors VT Holland Advisors Equity Fund
May 2026
“Meta: Sentiment/Investment cycles ▪ Example of occasional very inefficient markets”
Read the letterMeta Platforms
MentionedHL Global Equity
May 2026
“Company Market Sector Alphabet US Comm Services Amazon.com US Cons Discretionary TSMC Taiwan Info Technology NVIDIA US Info Technology Samsung Electronics South Korea Info Technology Microsoft US Info Technology Schneider Electric France Industrials Meta Platforms US Comm Services ASML Netherlands Info Technology Netflix US Comm Services”
Read the letterMeta Platforms
MentionedAlger International Opportunities Fund I
March 2026
“the company’s key smart glasses partner Meta may be falling behind in the generative AI race.”
Read the letterMeta Platforms
MentionedBrown Advisory Large‑Cap Sustainable Growth
March 2026
“During the first quarter of 2026, consensus estimates for 2026 and 2027 capital expenditures among Amazon (AMZN), Microsoft (MSFT), Meta (META), Alphabet (GOOGL) and Oracle(ORCL) cumulatively increased by 25% and 23% respectively, largely to support data center demand – inclusive of chips and related equipment.”
Read the letterMeta Platforms

Fund coverage · 15 theses

Longriver Partners Fund
July 2026
Meta Platforms is using AI to improve a highly productive advertising system and monetizes its own products without depending on external model providers.
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Wedgewood Partners Large Cap Focused Strategy
June 2026
Meta Platforms uses its scale and AMD-related economic hedge to offset DRAM inflation and support future returns.
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Ironvine Capital Partners
June 2026
Meta Platforms benefits from powerful data and distribution advantages, and AI should make its ad platform more effective and reinforce its lead.
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Polen Global Growth
March 2026
Meta Platforms is a global advertising platform with AI monetization, massive user reach, and attractive valuation-driven growth potential.
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Polen Focus Growth
March 2026
Meta Platforms is a global digital advertising platform with strong AI monetization, massive user reach, and attractive long-term earnings growth.
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Baron Durable Advantage Fund
December 2025
Meta Platforms is leveraging AI to improve engagement and ad performance with long-term monetization optionality despite near-term investment concerns.
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YCG Investments
December 2025
Meta Platforms is the largest social network with powerful network effects and AI-driven ad targeting that sustains engagement and monetization across a 3.5 billion-user ecosystem.
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Mar Vista US Quality Premier
December 2025
Meta Platforms is sustaining robust growth while investing heavily in AI infrastructure that the managers expect will catalyze future revenue and free cash flow expansion.
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Rowan Street
December 2025
Meta Platforms is a dominant social and advertising platform whose founder-led long-term investments are enhancing ad effectiveness and cash generation, supporting continued compounding.
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Pershing Square
December 2025
Meta Platforms, Inc. is a dominant, fast-growing digital ad business with vast AI upside trading at a discounted multiple.
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Baron Fifth Avenue Growth Fund
December 2025
Meta Platforms is a dominant social network benefiting from AI-driven engagement and ad improvements with long-term monetization optionality despite elevated near-term AI spend.
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Artisan Global Value Strategy
September 2025
Meta is significantly increasing its capex investments, targeting $70 billion in 2023, with strong incremental returns expected from AI enhancements, despite some initiatives currently lacking economic value.
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Longriver Partners Fund
June 2025
Meta has built world-class AI infrastructure and automation for its ad platform, but without a compelling consumer-facing product, it risks powering the future of AI from behind the scenes while rivals like OpenAI capture the end-user and the upside.
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Nightview capital
December 2024
Meta is a dominant force in global advertising, leveraging its extensive platform reach, AI advancements, and innovations in wearables to drive long-term growth.
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Loomis Sayles Global Growth Fund
December 2024
Meta is a high-quality company positioned for strong growth through its competitive advantages in online advertising, with a significant market share potential and currently undervalued in the market.
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