Meta Is Rowan Street’s Largest Holding, Driving 19% Annual Compounding Returns
Rowan Street Capital’s Composite returned 11.1% net in 2025 versus the S&P 500’s 17.9%, delivering 252% net over three years compared with the index’s 78%. Meta Platforms is the fund’s largest holding, compounding at roughly 19% annually since its initial investment eight years ago, with shares closing at $677.22 on February 9 after a 7.31% one-month gain and a 5.92% 52-week drop.
1. Fund Performance in 2025
Rowan Street Capital’s Composite posted an 11.1% net return in 2025 versus a 17.9% gain for the S&P 500 Index. Over the past three years, the Composite delivered a cumulative 252% net return compared with the index’s 78%, highlighting the impact of a concentrated, long-term compounding strategy.
2. Meta as Top Fund Holding
Meta Platforms Inc. is the largest position in Rowan Street’s portfolio, first purchased nearly eight years ago and never sold. The holding has compounded at approximately 19% annually over that period as the company consistently grew revenues, earnings and cash flow.
3. Recent Stock Metrics
Meta shares closed at $677.22 on February 9, reflecting a 7.31% increase over the past month and a 5.92% decline over the last 52 weeks. The company’s market capitalization stands at $1.713 trillion, underscoring its scale within the fund’s concentrated strategy.