Meta Platforms gains new institutional investors as hedge funds increase stakes

In recent SEC Form 13F filings, two financial firms disclosed new purchases of Meta Platforms, Inc. (NASDAQ:META) shares. Canandaigua National Bank & Trust Co. bought 6,101 shares in the second quarter, a transaction valued at roughly $3.44 million. Earlier in the first quarter, S&A Financial Services Inc. acquired 1,508 shares, worth about $863,000. Both filings note that institutional investors and hedge funds collectively own about 80 % of Meta’s outstanding stock, with other funds such as RHL Group LLC, Strategic Wealth Advisors LLC, and Axiom Investment Management also adjusting their positions. The disclosures highlight continued interest from large investors despite Meta’s recent earnings miss and ongoing market volatility.