Prominent hedge funds including Arrowstreet Capital LLC, D1 Capital Partners and Coatue Management LLC were among the investors that bought shares of Meta Platforms Inc in the first quarter of the year, amid an eye-popping rebound in the Facebook-parent’s stock.
Wall Street with better than expected earnings and steeper cost-cutting, while at the same time announcing a $40 billion share buyback. Shares of the company are now up nearly 100% for the year to date.
Arrowstreet Capital added about 5 million shares during the quarter, brining its total position to slightly more than 7 million shares, while Coatue more than doubled its position in the company by buying 4.2 million shares. Winslow Capital Management, meanwhile, initiated a new position in the firm by buying about 927,000 shares, and D1 Capital Partners bought slightly more than 1 million shares.
Norges Bank, the central bank of Norway, was the largest seller among all firms, unloading more than 35 million shares during the quarter. Two Sigma Investments sold its entire stake of about 569,000 shares, while Glenview Capital Management, run by billionaire Larry Robbins, sold its entire stake of about 526,000 shares, according to filings.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Longtime Agent Amanda Kogan Pivots To Management, Joining Aaron Kogan ManagementEXCLUSIVE: Amanda Kogan, the longtime agent known for focusing on non-scripted television, documentaries and podcasts, is making a career pivot, joining her husband Aaron as a manager at Aaron Kogan Management
Lire la suite »
TSMC added by Macquarie, Fidelity and Coatue after Buffett cut stake -filingsBig investment firms including Macquarie Group Ltd , Fidelity and hedge funds Tiger Global Management and Coatue Management LLC were among the largest buyers of U.S. listed shares of Taiwanese contract chipmaker TSMC , in the first quarter, according to regulatory filings.
Lire la suite »
Vice Media to be bought out of bankruptcy by lenders including Fortress and Soros Fund ManagementVice said it's going to be a bought by a lender consortium including Fortress Investment Group, Soros Fund Management and Monroe Capital for $225 million.
Lire la suite »
Clinical Management of Bartonellosis: Assessing Key Concepts and Considerations📍 Are you up-to-date on how to make an appropriate diagnosis of Bartonella infection? MedEd RareDisease 🖥️
Lire la suite »
J Balvin Signs With Roc Nation for ManagementThe Colombian star’s career will now be overseen by the firm’s Jay Brown and Chris Knight.
Lire la suite »
Elliott Management slams NRG's Vivint buy, calling it 'worst deal' in a decadeActivist investor Elliott Management slams NRG's Vivint buy, calling it 'worst deal' in a decade
Lire la suite »