Hedge Funds Review: Amazon.com Inc’s New Position Changes in 2024
The latest 13F filings reveal trends among hedge fund managers regarding Amazon.com Inc (Symbol: AMZN), as 19 funds reported holdings for the 09/30/2024 period. A common approach among investors can signal market trends worth exploring.
However, it’s crucial to remember that 13F filings only reflect long positions disclosed to the SEC. Funds are not required to reveal short positions. For instance, a fund may be holding Amazon stock while simultaneously betting against it through options. Thus, a long position may mislead observers into thinking a fund is bullish, while the overall strategy could be a bearish one.
Despite this limitation, analyzing groups of 13F filings offers valuable insights, especially when comparing different reporting periods. Below is a summary of changes in AMZN positions from the latest batch of filings:
| Fund | New Position? | Change In Share Count | Change In Market Value ($ in 1000’s) |
|---|---|---|---|
| TriaGen Wealth Management LLC | Existing | –6,899 | –$1,389 |
| Cahaba Wealth Management Inc. | Existing | +532 | +$11 |
| Harfst & Associates Inc. | Existing | –146 | –$165 |
| First Bancorp Inc ME | Existing | –70 | –$93 |
| BlueDrive Global Investors LLP | Existing | UNCH | –$451 |
| Sander Capital Advisors Inc. | Existing | –686 | –$1,133 |
| Meridiem Investment Management Ltd. | Existing | +14,520 | –$5,749 |
| Kraft Asset Management LLC | Existing | +115 | +$13 |
| Clarity Wealth Advisors LLC | Existing | –349 | –$184 |
| Seamount Financial Group Inc. | Existing | –2,715 | –$846 |
| Everett Harris & Co. CA | Existing | –6,207 | –$8,261 |
| Crosspoint Financial LLC | Existing | UNCH | –$11 |
| Ferguson Wellman Capital Management Inc. | Existing | –38,171 | –$11,137 |
| Trilogy Capital Inc. | Existing | +241 | –$17 |
| Barden Capital Management Inc. | Existing | +37 | –$95 |
| Koss Olinger Consulting LLC | Existing | +787 | +$11 |
| Gilliland Jeter Wealth Management LLC | Existing | –661 | –$450 |
| Echo Wealth Management LLC | Existing | +1,461 | +$202 |
| Corundum Group Inc. | Existing | –3,172 | –$683 |
| Aggregate Change: | –41,383 | –$30,427 | |
In the latest filings, seven funds increased their AMZN shares from 06/30/2024 to 09/30/2024, while ten funds reduced their holdings. Notably, Kraft Asset Management LLC exited its position in AMZN as of 09/30/2024.
Examining broader trends, we found that among all funds reporting on AMZN for the 09/30/2024 period, a reduction in holdings was notable. Overall, the funds decreased their aggregate share count from 147,085,093 to 142,723,810 shares, marking a decline of approximately 4,361,283 shares or -2.97%. The top three funds holding AMZN as of 09/30/2024 are encouraging indicators for further observation.
We will continue to track the latest 13F filings from hedge funds, offering insights from these aggregated reports. While individual filings can mislead due to their focus on long positions, the cumulative data across groups of funds can reveal significant trends worthy of deeper analysis, especially for companies like Amazon.com Inc (Symbol: AMZN).
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Also see:
• American International Group Average Annual Return
• FLXS Historical PE Ratio
• FFIC YTD Return
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
