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Heron Bay Capital Management Reduces Meta Platforms Stake
Hedge fund cuts holdings in social media giant by 8.8% in Q3
Published on Mar. 11, 2026
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Heron Bay Capital Management, a hedge fund, reduced its holdings in shares of Meta Platforms, Inc. (NASDAQ:META) by 8.8% in the third quarter, according to the company's latest 13F filing with the Securities and Exchange Commission (SEC). The firm now owns 23,953 shares of the social networking company's stock, valued at $17,591,000.
Why it matters
Meta Platforms, formerly known as Facebook, is one of the largest and most influential social media companies in the world. Changes in institutional ownership of its stock can signal broader market sentiment and investment trends around the company.
The details
According to the 13F filing, Heron Bay Capital Management sold 2,306 shares of Meta Platforms during the third quarter, reducing its total position to 23,953 shares. The hedge fund's investment in Meta Platforms now accounts for about 3.3% of its overall portfolio.
- Heron Bay Capital Management reduced its Meta Platforms holdings in the third quarter of 2026.
The players
Heron Bay Capital Management
A hedge fund that has invested in Meta Platforms, formerly known as Facebook.
Meta Platforms, Inc.
A global technology company that operates a family of consumer-facing products and services, including Facebook, Instagram, WhatsApp, and Messenger.
The takeaway
The reduction in Heron Bay Capital Management's stake in Meta Platforms could indicate broader market concerns or a shift in investment strategy, though the reasons behind the move are not explicitly stated. As one of the largest social media companies, changes in institutional ownership of Meta Platforms stock can provide insights into the broader investment landscape.
