Academy Capital Management Invests $58 Million in Amazon Shares
Academy Capital Management has acquired a new stake in Amazon.com, Inc. (NASDAQ:AMZN) shares during the second quarter, according to its latest disclosure with the Securities & Exchange Commission.
The firm bought 246,188 shares of AMZN's stock, valued at approximately $58,676,000.
This acquisition represents about 7.8% of Academy Capital Management's portfolio, making Amazon.com its fourth-largest holding.