True North Advisors 13F: Cuts META Stake by $1.9M

True North Advisors trimmed its stake in Meta Platforms, Inc. META by 14.5% during the third quarter, according to a Form 13F filing disclosed on October 22, 2026. The firm sold 2,569 shares during the period, leaving it with 15,062 shares valued at about $10.9 million. Meta Platforms closed at $697.52 on the day of the filing.

META Meta Platforms, Inc.

$697.52 ▲ +7.52% year to date

1M 3M YTD

Daily close · Oct 21, 2026

What Changed in True North Advisors's Meta Platforms Position

The fund reduced its holdings from 17,631 shares down to 15,062 shares, marking a 14.5% decrease over the quarter. The remaining stake holds a market value of roughly $10.9 million based on reported figures.

Other Institutional Activity in Meta Platforms

Other institutional investors have also adjusted their portfolios around the social media company. Sagespring Wealth Partners grew its holdings by 2,214 shares, ending with 31,902 shares worth about $23.1 million after a 7.5% increase.

Meta Platforms, Inc. Stock Down 6.5%

Meta Platforms recently traded around $648.91 as of October 23, 2026, which is down about 7.0% from its $697.52 close on the filing date. The stock moves within a 52-week range between $520.26 and $779.82.

Recent Earnings

The company posted trailing twelve month revenue of $228.2 billion and earnings of $29.31 per share. Its net profit margin stands at 29.8% alongside a return on equity of 29.8%.

Dividend

Meta Platforms pays an annual dividend rate of $2.10 per share, yielding 0.3% with a low payout ratio of 7.9%.

Insider Buying and Selling at Meta Platforms, Inc.

Chief Operating Officer Javier Olivan completed four separate stock sales ahead of the filing. He sold 1,575 shares on September 28 for $1.18 million, 1,575 shares on October 5 for $1.14 million at an average price of $728.08, 1,575 shares on October 12 for $1.14 million at $728.10 per share, and 1,575 shares on October 19 for $1.11 million at $707.20 per share.

Analysts Set New Price Targets

Wall Street firms updated their views on the stock around the filing date. UBS maintained its Buy rating while lifting its price target to $892.00 from $884.00 on October 22. Citigroup kept a Buy rating and raised its target from $895.00 to $905.00 on the same day. DA Davidson maintained a Buy rating and bumped its target to $800.00 from $700.00. BMO Capital kept a Market Perform rating while raising its target to $685.00 from $580.00, and Evercore ISI Group maintained an Outperform rating with an increased target of $870.00 from $860.00. The stock carries a consensus strong buy recommendation with a mean target price of $817.87 across 58 analyst opinions.

About Meta Platforms

Meta Platforms develops digital applications and hardware that help people stay connected through mobile devices, computers, virtual reality headsets, and smart glasses. Its ecosystem includes popular social media apps and Reality Labs hardware development, reaching users across the globe.

Bottom Line

Institutional adjustments like True North Advisors' reduction provide a window into portfolio management trends. Investors continue to monitor upcoming financial results and analyst projections for the communication services provider.