Amazon Becomes Second-Largest Holding for Summitry LLC
Summitry LLC significantly increased its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 22.6% during the first quarter, according to a recent disclosure with the SEC. The institutional investor now owns 618,471 shares of Amazon's stock after purchasing an additional 114,037 shares during the period.
Amazon accounts for 4.5% of Summitry LLC's holdings, making it the company's second-largest holding. The value of these holdings is approximately $128.8 million as of its most recent SEC filing.
The increase in Amazon's stock price has also led to a surge in institutional interest in the e-commerce giant. Several other investors, including Red Crane Wealth Management LLC and Sfam LLC, have also increased their stakes in Amazon during the first quarter.