**Warren Buffett and Bill Ackman Take Contrasting Positions on Amazon**
In the fourth quarter of 2022, billionaire investors Warren Buffett and Bill Ackman made opposing moves regarding Amazon (NASDAQ: AMZN). Buffett significantly reduced his Amazon stake by 77%, leaving it at about 0.1% of his portfolio, while Ackman increased his holding by nearly 65%, making it 14% of his portfolio.
Buffett’s cut follows his long-term strategy of value investing, as he initially purchased Amazon shares in early 2019. In contrast, Ackman, known for his activist investing, first acquired Amazon stock in mid-2022. Despite concerns in the tech sector regarding AI investments, Ackman expressed confidence in the tech giant, describing it as a buying opportunity amidst a downturn.
Both investors have historically outperformed the S&P 500, with Ackman achieving a 17% annualized return over the last decade. The divergent strategies highlight different perspectives on Amazon’s future growth potential in the evolving AI landscape.
