Meta Platforms (META) Increased Its Capex Estimation in 2026. Here’s Why

Core Insights - Baron Fifth Avenue Growth Fund reported a 5.7% gain in Q3 2025, underperforming the Russell 1000 Growth Index's 10.5% and the S&P 500 Index's 8.1% returns [1] - Year-to-date, the fund is up 14.4%, compared to 17.2% for the Russell 1000 Growth Index and 14.8% for the S&P 500 Index [1] Fund Performance - The fund's performance in Q3 2025 was significantly lower than the benchmarks, indicating potential challenges in stock selection or market conditions [1] - The fund's top 5 holdings can be reviewed for insights into its best investment picks for 2025 [1] Meta Platforms, Inc. Insights - Meta Platforms, Inc. (NASDAQ:META) reported a one-month return of 2.16% and a 52-week gain of 4.44%, with a closing stock price of $640.87 and a market capitalization of $1.615 billion as of December 1, 2025 [2] - The company experienced a quarterly revenue growth of 22%, attributing part of this success to AI, which is expected to enhance productivity and increase advertising returns [3] - Meta's projected capital expenditures for 2026 were raised to $100 billion, exceeding Wall Street's expectations by $30 billion, reflecting confidence in AI's potential [3] Hedge Fund Interest - Meta Platforms, Inc. ranked third among the 30 most popular stocks among hedge funds, with 273 hedge fund portfolios holding its shares at the end of Q3 2025, up from 260 in the previous quarter [4] - The company reported revenue of $51.2 billion in Q3 2025, marking a 26% increase, or 25% when adjusted for constant currency [4]