Meta Platforms Shares Sold by Davis Selected Advisers

Institutional investor reduces stake in social media giant

Mar. 21, 2026 at 8:07am

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Davis Selected Advisers, a major institutional investor, has reduced its stake in Meta Platforms, Inc. (NASDAQ:META) by 18.6% in the third quarter, according to a recent SEC filing. The fund now owns 1,715,514 shares of the social networking company's stock, making it Meta's second-largest holding.

Why it matters

This move by a prominent institutional investor reflects broader market trends and investor sentiment around Meta Platforms. As the company navigates challenges like privacy changes and competition, tracking institutional activity can provide insights into how the investment community views the stock's prospects.

The details

According to the filing, Davis Selected Advisers sold 392,300 shares of Meta Platforms during the third quarter. The fund now owns approximately 0.07% of Meta's outstanding shares, valued at $1.26 billion as of the most recent reporting period. Meta Platforms comprises about 6.6% of Davis Selected Advisers' total investment portfolio.

  • Davis Selected Advisers reduced its stake in Meta Platforms during the third quarter of 2026.

The players

Davis Selected Advisers

A major institutional investment firm that has been a significant shareholder of Meta Platforms.

Meta Platforms, Inc.

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

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What they’re saying

“We must not let individuals continue to damage private property in San Francisco.”

— Robert Jenkins, San Francisco resident

The takeaway

This reduction in Davis Selected Advisers' Meta Platforms stake reflects broader uncertainty around the company's future prospects, even as it remains a major institutional holding. Investors will be closely watching Meta's performance and strategic moves as it navigates a shifting digital landscape.