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2023-05-16

Arrowstreet, Coatue Management Among Big Hedge Funds Buying Meta in Q1

Prominent hedge funds including Arrowstreet Capital LLC, D1 Capital Partners and Coatue Management L

Arrowstreet, Coatue Management Among Big Hedge Funds Buying Meta in Q1

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Shares of the company are now up nearly 100% for the year to date.</p><p>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.</p><p>T Rowe Price Group Inc and Nuveen Asset Management were the largest buyers among mutual fund companies, with each firming adding slightly more than 6 million shares of the company.</p><p>Norges Bank, the central bank of Norway, was the largest seller among all firms, unloading more than 35 million shares during the quarter. 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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.T Rowe Price Group Inc and Nuveen Asset Management were the largest buyers among mutual fund companies, with each firming adding slightly more than 6 million shares of the company.Norges Bank, the central bank of Norway, was the largest seller among all firms, unloading more than 35 million shares during the quarter. 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