Meta stock’s $434 billion metamorphosis into a top S&P 500 performer this year didn’t surprise everyone. Some investors’ giant buys of the stock proved well timed.
By rocketing 143% this year, Meta stock added $434 billion in shareholder wealth in just six months. That puts it back as the eighth-most valuable stock in the S&P 500.
That’s been a massive windfall for the largest investors. Just the top 10 holders of Meta stock gained nearly $200 billion this year. Founder Mark Zuckerberg alone gained more than $60 billion this year on the stock. He owns more than 347 million shares of the company, amounting to a 13.6% stake — larger than anyone else’s. READ MORE