Value-focused investment firm CAS Investment Partners established a new position in Meta Platforms (META), acquiring 136,250 shares valued at approximately $76.75 million. Run by founder Clifford Sosin, the firm is known for its highly concentrated, long-term investment approach.
As a delayed 13F disclosure, the filing reflects a stake built during the second quarter ending June 30, 2026. During that period, Meta reported a 28% year-over-year increase in revenue, though profitability was impacted by a significant rise in expenses related to legal charges and heavy investment in AI infrastructure. The new holding immediately constitutes 4.08% of CAS's reported portfolio.