US Markets
Home›US Markets›Sectors›Magellan fund cites Meta as a long-term opportunity am…
Magellan fund cites Meta as a long-term opportunity amid tech rebound
The fund said its Magellan Global Opportunities Fund gained 4.3% in Q2 2026, lagging its 12.5% benchmark rise.
Magellan Global Opportunities Fund highlighted Meta Platforms as a key long-term holding in its Q2 2026 investor letter, pointing to the company’s widely used social media and communications network.
According to the letter, Meta’s Family of Apps, including Facebook, Instagram, WhatsApp, and Threads, reaches more than 3.5 billion people every day, and the fund framed the business as a central destination for global digital advertising budgets.
The letter also described the broader quarter as a shift away from a stagflation narrative, with global stocks rising 13.8% and energy prices falling after US Iran tensions eased, while attention moved toward chip stocks and data centre beneficiaries.
In the quarter, the fund said its portfolio gained 4.3%, compared with a 12.5% increase in its benchmark, and it linked the underperformance to bubble-like conditions in semiconductors and data centre supply chains.