DAVENPORT & Co LLC Reduces Meta Platforms Stake by 16.5%

Institutional investor sells nearly 67,000 shares of social media giant in Q4 2025

Mar. 28, 2026 at 7:57am

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DAVENPORT & Co LLC, a major institutional investor, reduced its stake in Meta Platforms, Inc. (NASDAQ:META) by 16.5% during the fourth quarter of 2025, according to a recent SEC filing. The firm sold 66,991 shares, leaving it with 339,869 shares of the social networking company's stock, which comprised approximately 1.2% of its investment portfolio.

Why it matters

Meta Platforms, the parent company of Facebook, Instagram, WhatsApp, and other social media platforms, is one of the most closely watched technology stocks. Institutional investors' trading activity in the company's shares can provide insights into broader market sentiment and investment trends.

The details

DAVENPORT & Co LLC's reduced stake in Meta Platforms comes amid ongoing scrutiny and regulatory pressure facing the social media giant. The firm's Q4 2025 holdings were valued at $224,726,000, down from $269,717,000 at the end of the previous quarter.

  • DAVENPORT & Co LLC filed the SEC disclosure on March 28, 2026.
  • The firm sold the 66,991 shares of Meta Platforms during the fourth quarter of 2025.

The players

DAVENPORT & Co LLC

A major institutional investor that manages a diversified portfolio of stocks, including a significant position in Meta Platforms.

Meta Platforms, Inc.

The parent company of Facebook, Instagram, WhatsApp, and other social media platforms, which has faced increasing regulatory scrutiny and public criticism in recent years.

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The takeaway

DAVENPORT & Co LLC's reduced stake in Meta Platforms reflects the broader uncertainty and volatility surrounding the social media giant, as investors weigh the company's growth potential against the regulatory and reputational challenges it continues to face.