Alyeska Investment Group L.P. Slashes Amazon Stake by 59.6% in Q2

Alyeska Investment Group L.P., a major institutional investor, has reduced its stake in Amazon.com, Inc. (NASDAQ:AMZN) by a significant 59.6% in the second quarter. According to the company's latest filing with the Securities & Exchange Commission, Alyeska Investment Group L.P. owned approximately 1,771,823 shares of Amazon.com's stock after selling 2,616,653 shares during the quarter.

The e-commerce giant makes up around 1.1% of Alyeska Investment Group L.P.'s investment portfolio, making it their 8th largest position. The value of Alyeska Investment Group L.P.'s holdings in Amazon.com was approximately $422,296,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and institutional investors have also modified their holdings of Amazon.com during the second quarter. Bank of America Corp DE purchased a new position in Amazon.com worth about $22,218,775,000, while Bank of New York Mellon Corp acquired a new position valued at approximately $16,341,405,000.