Amazon.com Stake Sells Off as Point Break Capital Cuts Exposure

Point Break Capital Management LLC reduced its stake in Amazon.com, Inc. by 12.3% in the first quarter, according to a recent SEC filing.

The institutional investor sold 3,101 shares of the e-commerce giant's stock during the quarter, leaving it with 22,072 shares worth $4,597,000 at the end of the reporting period.

Amazon.com comprises 5.2% of Point Break Capital Management LLC's portfolio and is its seventh-largest holding.