Scottish Mortgage repurchases Meta after 2020 exit

The trust first invested in Meta at its 2012 IPO, then named Facebook, establishing a 1.22% position, but at the time of the sale in 2020 SMT had reduce its exposure to 0.32%, according to data from Morningstar Direct. It had been consistently reducing its allocation for several months prior to the sale, but at its October 2016 peak SMT had a 4.99% portfolio allocation. Scottish Mortgage sells out of Illumina For the new purchase, the trust has opened a 1% portfolio position, making Meta the 27th biggest holding in the fund. According to the latest factsheet, SMT has 99 investme...