In our first installment of IR Insights, we’re going to focus on social media giant Facebook, which is enjoying more than just growth in its user base and share price. Professional money managers have taken notice, accumulating shares in Facebook at a roughly 2 to 1 ratio. Based on the ownership data available from S&P Capital IQ, professional investors have added over 100 million shares in the company, while only 49 million shares have been sold.*
The largest recent buyer into Facebook is Boston-based asset manager Columbia, which expanded its position by 4.5 million shares to a total of nearly 20 million shares. It joins a host of other Facebook buyers who have also increased their positions by over 2 million shares, each. They include Susquehana International, UBS, Citadel, and 8 other professional money managers.
But not every pro shares the enthusiasm in Facebook. New York-based hedge fund manager D.E. Shaw, in particular, was the largest seller of Facebook based on the *most recent data available, shedding nearly 4.4M shares. Some other bearish investors in Facebook that have been heavily selling include Societe Generale, Renaissance Technologies, MFS and HSBC.
*Source: S&P Capital IQ as of October 21, 2015