Stocks
Altman Advisors Doubles Down on Amazon with $9 Billion Bet
Altman Advisors Inc., a financial firm, has made a significant investment in Amazon.com, Inc. (NASDAQ:AMZN) during the second quarter. According to its latest SEC filing, Altman Advisors bought 39,801 shares of Amazon's stock valued at approximately $9,486,000.
This acquisition makes Amazon the sixth largest holding in Altman Advisors' portfolio, accounting for around 3.4% of their total investment value.
Other institutional investors have also increased their stakes in Amazon. For instance, Red Crane Wealth Management LLC boosted its position by 2.3% in the first quarter and now owns 1,663 shares worth $346,000.