We recently published a list of 10 Best Stocks to Buy According to Billionaire Chris Rokos. In this article, we are going to take a look at where Meta Platforms, Inc. (NASDAQ:META) stands against other best stocks to buy according to billionaire Chris Rokos.
Chris Rokos is a highly respected British hedge fund manager who co-founded Brevan Howard Asset Management in 2002 before departing to establish his own firm in 2015, Rokos Capital Management, which now stands as one of the world’s largest macro hedge funds. After graduating from university, Rokos joined UBS in London. Within a year, he joined Goldman Sachs, where he spent three years, first in derivative structuring, then swap market making, and finally proprietary trading. Later on, he would join the budding Brevan Howard Asset Management, becoming one of the firm’s most successful traders, delivering almost $4 billion in profits for the fund during his time there. He later brought this expertise over to his own fund, with Rokos Capital specializing in global macroeconomic strategies, utilizing the billionaire’s skill in trading interest rates and currencies.
Rokos Capital Management’s 13F assets had risen to more than $6 billion by the end of the fourth quarter of 2024, placing it among Europe’s largest hedge funds. While it seems contradictory, the hedge fund’s main selling point might be the volatility of its returns. The firm went through a 44% rise in 2020, which was followed by a 26% decline in 2021. Later in 2022, when the S&P 500 fell more than 18%, the hedge fund enjoyed its best year on record, rising 51%.
According to Bloomberg, Chris Rokos’ hedge fund climbed 4.5% in the first two weeks of April as bond rates rose after President Trump’s announcement of punitive tariffs aimed at reshaping global trade. These gains increased Rokos’ returns this year to 8%. Trump’s April 2 tariff announcement shook global markets, with uncertainty spreading even to Treasuries, which are typically seen as a safe haven. A variety of explanations have been proposed as to what triggered the turbulence, including foreign governments dumping US debt and hedge funds unwinding highly leveraged deals. That said, this isn’t the first time Rokos has benefited from Trump’s presidency. The billionaire made almost $1 billion in profit in a single day in November, one of his largest trading sessions since establishing his firm in 2015, as Trump’s election triumph spurred a global spike in asset prices.
Our Methodology
For this list, we picked stocks from Rokos Capital Management’s 13F portfolio as of the end of the fourth quarter of 2024. These equities are also popular among other hedge funds.
Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).
Is Meta Platforms, Inc. (META) the Best Stock to Buy According to Billionaire Chris Rokos?
Rokos Capital Management’s Stake as of Q4 2024: $274.54 million
Number of Hedge Fund Holders: 262
Meta Platforms, Inc. (NASDAQ:META) is a renowned technology company best known for its flagship platforms, Facebook, Instagram, and WhatsApp, as well as its pioneering breakthroughs in augmented reality (AR) and virtual reality (VR).
On April 17, Truist Securities lowered its price target for Meta Platforms, Inc. (NASDAQ:META) from $770 to $700 while maintaining a Buy rating on the stock. The firm justified its change by citing the probable impact of tariffs, notably on Chinese direct-to-consumer imports, as well as a weaker US consumer market. Meta Platforms, Inc. (NASDAQ:META) is expected to announce revenues for the first quarter in line with consensus projections, with the upper end of its guidance at $41.7 billion, representing a 14% growth year-over-year. Truist also revised its growth forecasts for the second quarter and the full year of 2025 in response to the aforementioned tariff implications. The firm expects Meta Platforms, Inc. (NASDAQ:META) management to issue second-quarter revenue projections ranging from $41.5 billion to $44 billion, reflecting a 6% to 13% increase.
Meta Platforms, Inc. (NASDAQ:META) achieved a record $164.5 billion in total revenue in 2024, a 22% increase from 2023. Its net income increased by 59% to a record $62.3 billion in 2024, equivalent to $23.86 in EPS. In fiscal Q4 2024, the total amount of ad impressions supplied across Meta Platforms, Inc.’s (NASDAQ:META) services increased by 6%.
Nightview Capital stated the following regarding Meta Platforms, Inc. (NASDAQ:META) in its Q4 2024 investor letter:
“Core Opportunity: Meta Platforms, Inc.’s (NASDAQ:META) platforms—Instagram, Facebook, WhatsApp, and Messenger—reach nearly half the world’s population daily, making it one of the most powerful advertising ecosystems globally. With investments in AI and augmented reality (AR), we believe Meta is also creating significant optionality for long-term growth.
Overall, META ranks 3rd on our list of stocks to buy according to billionaire Chris Rokos. While we acknowledge the potential for META as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than META but trades at less than 5 times its earnings, check out our report about this cheapest AI stock.
