Retirement Systems of Alabama Adds to Multi-Million Dollar Meta Position

According to a recent Form 13F filing submitted to the SEC, Retirement Systems of Alabama disclosed a noteworthy and bullish position in META stock. Here’s what you need to know about Meta Platforms, Inc., as well as Retirement Systems of Alabama’s position in shares of META stock:

About Meta Platforms, Inc. (NASDAQ: META)

Meta Platforms, Inc. develops products that enable people to connect and share with friends and family through mobile devices, personal computers, virtual reality headsets, wearables, and in-home devices worldwide. It operates in two segments, Family of Apps and Reality Labs. The Family of Apps segment’s products include Facebook, which enables people to share, discover, and connect with interests; Instagram, a community for sharing photos, videos, and private messages, as well as feed, stories, reels, video, live, and shops; Messenger, a messaging application for people to connect with friends, family, groups, and businesses across platforms and devices through chat, audio and video calls, and rooms; and WhatsApp, a messaging application that is used by people and businesses to communicate and transact privately. The Reality Labs segment provides augmented and virtual reality related products comprising virtual reality hardware, software, and content that help people feel connected, anytime, and anywhere. The company was formerly known as Facebook, Inc. and changed its name to Meta Platforms, Inc. in October 2021. Meta Platforms, Inc. was incorporated in 2004 and is headquartered in Menlo Park, California. Learn more about Meta Platforms, Inc. on their website here

Retirement Systems of Alabama Position in META

According to the most recent 13F filed by Retirement Systems of Alabama, the pension manager added 61,225 shares of META stock to it holdings in the recent quarter. That brings their total long position in Meta Platforms, Inc. to 1,508,024 shares, representing approximately 0.0569% of the entire 2,651,550,008 META shares outstanding. Based on the most recent closing price of $117.08 per share of META, the entire Retirement Systems of Alabama position in Meta Platforms, Inc. stock is worth roughly $176,559,449.92.

Summary

Be sure to check out more recent 13F filings here to stay up to date on the latest disclosures from institutional investment managers like Retirement Systems of Alabama. Also be sure to check out more recent 13F filing analysis news here.