Deepwater Asset Management Trims Meta Platforms Stake

Hedge fund reduces holdings in social media giant by 7.5% in Q3

Published on Mar. 9, 2026

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Deepwater Asset Management LLC decreased its holdings in Meta Platforms, Inc. (NASDAQ:META) by 7.5% in the third quarter, according to the company's latest 13F filing with the SEC. The fund owned 19,530 shares of the social networking company's stock after selling 1,579 shares during the quarter. Meta Platforms accounts for approximately 5.7% of Deepwater Asset Management's holdings, making the stock its biggest position.

Why it matters

This filing provides insight into the investment decisions of Deepwater Asset Management, a prominent hedge fund. Trims to large positions in major tech companies like Meta can signal broader market sentiment and investor concerns, even as the stock remains a top holding for the fund.

The details

According to the 13F filing, Deepwater Asset Management sold 1,579 shares of Meta Platforms in the third quarter, reducing its total position to 19,530 shares. The fund's holdings in Meta were valued at $14.34 million as of the end of the quarter. Meta Platforms remains Deepwater's largest position, accounting for 5.7% of the fund's total portfolio.

  • Deepwater Asset Management filed its 13F report for the third quarter of 2026 on March 9, 2026.

The players

Deepwater Asset Management LLC

A hedge fund that manages investments in various sectors, including technology.

Meta Platforms, Inc.

The parent company of social media platforms Facebook, Instagram, WhatsApp, and others.

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The takeaway

The reduction in Deepwater Asset Management's Meta Platforms stake, while the stock remains a top holding, could signal broader market concerns about the social media giant's long-term growth prospects or increased competition in the sector. However, the fund's substantial investment in Meta suggests it still sees significant value in the company.