Harvard University’s $111.3 million Meta position reflects confidence amid investor skepticism over AI capital expenditures and monetization risks.
Harvard University’s endowment retains an $111,310,180 stake in Meta Platforms, ranking it eighth in its Q1 2026 portfolio. The holding persists despite a 12% year-to-date decline in META shares, driven by concerns over elevated capital expenditures tied to AI infrastructure.
Meta’s 35% CapEx-to-sales ratio far exceeds peers like Google (26%) and Pinterest (0.95%), with no clear path to monetizing AI investments. Unlike competitors, Meta lacks a cloud business to offset GPU and data center costs, relying instead on internal ad optimization.
Analysts suggest a potential CapEx reduction or further stock decline could improve valuation attractiveness, though some funds exclude META due to social risk management scores.