The sale does not reflect a change in our long-term attitude on the company. It's simply a matter of portfolio discipline.
Shortly after the opening bell, we will be selling 30 shares of Meta Platforms at roughly $490 each. Following the trade, Jim Cramer's Charitable Trust will own 293 shares of META, decreasing its weighting in the portfolio to 4.5% from 4.98%. When one of our stocks outperforms for an extended period, we run into the high-quality problem of that stock becoming too big of a position in the portfolio. That's where we currently find ourselves with Meta Platforms .
To be sure, Monday's sale reflects no changes to our long-term view on the Instagram and Facebook parent, which is why the company is still one of our larger positions. We see Meta as gaining share in the digital advertising market, partly because its use of AI tools has driven superior returns on investments for advertisers.
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