One of the stocks most seen on the list of hedge fund selling lists in the first quarter of this year was Meta Platforms (NASDAQ: META). Among the well-known billionaire hedge fund managers selling the stock were David Tepper, owner of the Carolina Panthers NFL team and founder of Appaloosa Management; Karthik Sarma of SRS Investment Management; and Philippe Laffont of Coatue Management.

Given the stock's huge run in 2023, it should be of little surprise that these well-known investors are taking some profits from the stock.

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Source Fool.com