Neptune's Geffen: Why We Sold Facebook

A trip to Facebook's Silicon Valley HQ prompted Neptune's Robin Geffen sell out of his holding in Facebook, just in time

David Brenchley 11 October, 2018 | 7:53AM
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Facebook app on smartphone, Facebook share price, Cambridge Analytica, stock market

Governance issues led a pair of fund managers to sell all of their Facebook (FB) shares earlier this year, despite holding positive views on US equities in general.

Both Neptune’s Robin Geffen and Artemis’s Simon Edelsten have high weightings to the US in their global funds, at around 50% and 60% respectively, including the tech FAANG stocks.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
Alphabet Inc A2,278.38 USD0.00Rating
Amazon.com Inc3,222.90 USD0.00Rating
Apple Inc127.45 USD0.00Rating
Facebook Inc A315.94 USD0.00Rating
Liontrust Balanced C Acc GBP2.10 GBP0.11Rating
Mid Wynd International Inv Tr PLC O Inc734.02 GBP0.55Rating
Netflix Inc493.37 USD0.00Rating
Tencent Holdings Ltd583.00 HKD0.00Rating
Twitter Inc51.73 USD0.00Rating

About Author

David Brenchley

David Brenchley  is a Reporter for Morningstar.co.uk

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