Meta Platforms Inc Class A (META)
Daily ERM3 factor decomposition: how much of META's variance is explained by the market, its sector, and its subsector — and the ETF notionals that would neutralize each layer.
- Price
- $736.72
- Market cap
- $1.88T
- 23-day vol
- 52.6%
- Sector proxy
- XLC
- Subsector proxy
- FDN
Risk DNA
43% of META's variance is systematic (explainable by market, sector, and subsector factors); the rest is stock-specific.
META carries 57% stock-specific risk against a peer average of 83% — less of what happens here is specific to this name than is typical for its cohort.
ETF hedge ratios
Dollars of ETF to short per $1 of META held — executable hedge weights, not regression betas. L1 hedges market only; L3 adds sector and subsector layers.
| Level | Market (SPY) | Sector (XLC) | Subsector (FDN) | Explained risk |
|---|---|---|---|---|
| L1 | $-1.40 | — | — | 19.2% |
| L2 | $-0.57 | $-1.21 | — | 41.6% |
| L3 | $-0.14 | $-1.05 | $-0.45 | 43.4% |
Data as of October 16, 2026. Updated daily from the ERM3 pipeline.
13F filers holding META
From the most recent quarterly 13F filings in our tracked filer universe, largest reported position first.
- Pershing Square Capital11.1%
- Tiger Global Management6.6%
- Appaloosa Management5.1%
- Coatue Management2.9%
- D. E. Shaw & Co.1.3%
Browse every tracked 13F filer.
Go deeper on META
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