Amazon.com Gains Major Backer with GCQ Funds Stake

GCQ Funds Management Pty Ltd has acquired a significant stake in Amazon.com Inc., purchasing 483,228 shares of the e-commerce giant's stock valued at approximately $115.17 million in the second quarter.

This represents about 16% of GCQ's investment portfolio, making it the company's largest position.

GCQ Funds Management is not alone in its interest in Amazon.com; several other large investors have also increased their holdings of the stock recently.