Topics:
T. Rowe Price holds big Facebook stake
MarketWatch reports that T. Rowe Price Associates is holding Facebook shares worth more than $400 million. Eight one funds and accounts managed or sub-advised by T. Rowe Price held Class A shares, while 77 funds or accounts run by the firm holding Class B shares. That’s decent news for fund shareholders, though it’s unclear if any one fund stands to make a killing. For most mutual funds, the Facebook investment remains small, which means they will be clamoring for a large allocation most likely. Article
Comments