Hedge fund billionaire Daniel Loeb added several mega-cap and technology companies to his Third Point LLC portfolio in the first quarter of FY26.

The investor placed his bets on Meta Platforms, Inc. (NASDAQ:META) and Alphabet Inc. (NASDAQ: GOOGL), acquiring 90,000 and 175,000 shares, respectively, in the quarter.

META: Recent Key Events

  • Meta posted first-quarter revenue of $56.31 billion, beating analyst estimates of $55.45 billion and adjusted earnings of $7.31 per share, beating estimates of $6.78 per share, according to Benzinga Pro.
  • The company expects second-quarter revenue of $58 billion-$61 billion versus estimates of $59.50 billion.
  • CEO Mark Zuckerberg said the company is increasing its infrastructure capital expenditure forecast for the year, citing higher component costs, particularly in memory pricing.
  • The company acquired Assured Robot Intelligence, a humanoid robotics startup, for an undisclosed sum, adding the team to its Superintelligence Labs research division as it advances its humanoid robotics ambitions.
  • The company is temporarily granting competing AI chatbot developers free access to WhatsApp in Europe as it seeks to resolve escalating antitrust concerns from EU regulators and avoid potentially billions in penalties.
  • Meta has started paying a limited group of creators in USDC (CRYPTO: USDC) via crypto wallets on the Solana (CRYPTO: SOL) and Polygon (CRYPTO: POL) blockchains, beginning with Colombia and the Philippines. The program is expected to expand to more than 160 countries by the end of the year, with Stripe handling payments and USDC issued by Circle.
  • AI Chief, Alexandr Wang, has debunked rumors that the company's SuperIntelligence Lab is staffed with top AI researchers who were poached from rival companies with lucrative pay packages.
  • Meta is moving thousands of employees into new AI-focused divisions while simultaneously cutting roughly 8,000 jobs as Zuckerberg accelerates the company’s massive AI ambitions.

META ETF Exposure: Funds With The Biggest Weightings

  • Capital Group Growth ETF (NYSE:CGGR): 7.92% Weight
  • First Trust Dow Jones Internet Index Fund (NYSE:FDN): 8.55% Weight
  • Natixis Loomis Sayles Focused Growth ETF (NYSE:LSGR): 8.76% Weight

GOOGL: Recent Key Events

  • Alphabet reported quarterly earnings of $5.11 per share, which blew past the analyst consensus estimate of $2.62 and revenue of $109.9 billion beat the Street estimate of $106.93 billion and was up from $90.23 billion in the same period last year. The company also announced a 5% increase in the dividend.
  • The company said Anthropic is committed to spending $200 billion with Google Cloud over five years as part of a recent agreement.
  • Google is reportedly developing an AI personal agent for its Gemini app, capable of performing tasks on behalf of the user.
  • Alphabet and Blackstone Inc. (NYSE:BX) said they are forming a new artificial intelligence cloud and data center venture in the U.S.
  • Google DeepMind has reportedly agreed to hire more than 20 researchers from AI startup Contextual AI and license its technology in a deal valued between $80 million and $90 million.
  • Google and Samsung Electronics Co. (OTC:SSNLF) have unveiled new AI-powered smart glasses featuring Gemini integration, real-time translation and deep Android XR support, marking a major push into next-generation wearable computing.
  • Alphabet announced plans to raise $80 billion through equity offerings in order to help fund investments in AI compute infrastructure, citing "unprecedented customer demand."

GOOGL ETF Exposure And Passive Flow Risk

  • WisdomTree US Quality Growth Fund (NYSE:QGRW): 9.02% Weight
  • Parnassus Core Select ETF (NYSE:PRCS): 9.70% Weight
  • Jensen Quality Growth ETF (NYSE:JGRW): 9.09% Weight

Stock Price Activity: Meta Platforms shares were down 2.26% at $623.60 on Friday. Over the past month, META has gained about 2.1% versus a 2.7% rise in the S&P 500 and is down roughly 7% year-to-date compared to the index’s 9.1% gain.

Alphabet shares were down 0.75% at $365.23 on Friday. Over the past month, GOOGL has declined about 6.3% versus a 2.7% rise in the S&P 500 and is up roughly 17% year-to-date compared to the index’s 9.1% gain. at the time of publication Friday.

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