Amazon’s Hedge Fund Holdings Shift: A Close Look at Recent 13F Filings
The latest 13F filings for the quarter ending September 30, 2024, reveal that Amazon.com Inc (Symbol: AMZN) was held by 14 hedge funds. When multiple hedge fund managers share similar investments, it’s wise to investigate further.
Understanding 13F Filings
It’s essential to note that 13F filings don’t provide the complete picture. Funds are only required to disclose their long positions to the SEC, meaning they aren’t obliged to share their short positions. For instance, a fund might short a stock but also maintain a long position, which would reflect bullish sentiment when viewed out of context. Therefore, while 13F filings give insight, they may not fully represent a fund’s outlook on a stock.
Changes in Amazon Holdings
Looking at the recent 13F filings, here are the changes in AMZN positions among various funds:
| Fund | New Position? | Change In Share Count | Change In Market Value ($ in 1000’s) |
|---|---|---|---|
| Barclays PLC | Existing | –7,060,989 | –$1,596,721 |
| Howard Capital Management Group LLC | Existing | +897 | –$2,294 |
| Passumpsic Savings Bank | Existing | –502 | –$248 |
| Advisory Resource Group | Existing | –25 | –$79 |
| Bard Financial Services Inc. | Existing | –3,180 | –$997 |
| Virtu Financial LLC | Existing | –13,458 | –$3,035 |
| Westside Investment Management Inc. | Existing | +629 | –$271 |
| SOA Wealth Advisors LLC. | Existing | –145 | –$490 |
| Morse Asset Management Inc | Existing | –1,714 | –$913 |
| Tri Ri Asset Management Corp | NEW | +52,706 | +$10 |
| SkyView Investment Advisors LLC | Existing | +214 | –$71 |
| Wealthquest Corp | Existing | +588 | –$4 |
| Tudor Financial Inc. | NEW | +3,863 | +$720 |
| Chelsea Counsel Co. | Existing | –340 | –$146 |
| Aggregate Change: | –7,021,456 | –$1,604,539 | |
Overall Hedge Fund Movement
During this period, four funds increased their AMZN positions, while eight decreased theirs. Two new positions were also established. An aggregate analysis of AMZN holdings across all the funds reveals a total increase of 544,086,379 shares, moving from 5,852,116,883 shares as of June 30, 2024, to 6,396,203,262 shares at the end of September. This represents an increase of approximately 9.30%.
As we continue to monitor the latest 13F filings, we’ll highlight meaningful trends and insights from various hedge fund managers. While it’s important to approach individual filings with caution, aggregating data across groups of funds provides valuable context that can inform investment decisions, specifically regarding Amazon.com Inc (Symbol: AMZN).
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
