Meta Platforms (META): An Example of the Strength of Long-Term Investment

Group 1: Fund Performance - Rowan Street Capital's fund remained unchanged in Q3 2025, with a return of +0.22%, leading to a year-to-date return of +20.4% net of fees, outperforming the S&P 500's +14.8% [1] - Over the past three years, the firm's capital compounded at approximately +54.2% annually, resulting in a cumulative return of +266%, significantly exceeding the S&P 500's +24.9% annualized gain [1] Group 2: Meta Platforms, Inc. (NASDAQ:META) - Meta Platforms, Inc. has been the largest holding for Rowan Street Capital for several years, compounding over 21% annually since the initial purchase over seven years ago, showcasing its competitive advantages and operational excellence [3] - As of October 22, 2025, Meta's stock closed at $733.41 per share, with a market capitalization of $1.84 trillion, despite a one-month return of -3.58% and a 52-week gain of 30.11% [2] - In Q2 2025, Meta reported revenue of $47.5 billion, reflecting a 22% increase in both reported and constant currency [4]