Meta Platforms(US:META) Hua Er Jie Jian Wen·2025-11-15 03:48Core Insights - The hedge fund "Tiger Cub" institutions showed significant divergence in their third-quarter holdings, with Tiger Global Management drastically reducing its Meta position by nearly 63%, while Coatue Management increased its Meta holdings, making it their largest position [1][3][7]. Tiger Global Management Adjustments - Tiger Global Management sold approximately 4.7 million shares of Meta, reducing its holdings to about 2.8 million shares, dropping from the largest position to the sixth largest [3][5]. - The fund increased its Amazon holdings to 11.04 million shares, elevating its rank to fourth [3]. Coatue Management Strategy - Coatue Management increased its Meta holdings by about 355,000 shares, raising its position from the second largest to the largest in its portfolio [7]. - The fund also significantly reduced its CoreWeave holdings by 62%, now holding approximately 6.7 million shares, which has fallen to the 16th largest position [7][8]. Viking Global Management Focus - Viking Global Management doubled its holdings in PNC Financial Services Group to nearly 8 million shares, making it the largest position in their portfolio [10][11]. - The fund's strategy contrasts with other "Tiger Cub" funds, focusing on financial stocks rather than technology stocks, with major positions in JPMorgan, Charles Schwab, and Capital One [10][12]. Market Context - Meta's stock price has declined nearly 18% since the end of June, primarily due to investor concerns over the company's substantial spending in emerging areas like AI, with capital expenditures expected to reach $72 billion this year [5][6]. - The adjustments by these hedge funds reflect a broader trend of profit-taking or loss-cutting in the face of high valuations in the tech sector [8].