InstitutionalPositioningMacro
Five Funds Opened New Meta Positions in Q1.
Five Others Trimmed Theirs.
Five large funds opened brand-new Meta positions in the first quarter, a combined 1.23 billion dollars of fresh money, even as five others trimmed theirs. The same quarter that drew Viking Global, Dragoneer, Renaissance Technologies, Third Point and Soros into the stock for the first time saw Coatue cut a quarter of its position and Millennium halve its own. This was not a consensus move into the stock. It was a two-sided rotation, and the same pattern shows up in Nvidia. The figures come from the 13F filings that large managers submit to the SEC every quarter. They land on the day a new Federal Reserve chair begins his first meeting, so the positioning sits against an unusually quiet macro reading. More on…
·6 min readMETANVDA