Amazon Investment Boosts Portfolio Value to $7.77 Million
Point Break Capital Management LLC has invested in Amazon.com, Inc. (NASDAQ:AMZN) by purchasing 32,607 shares worth approximately $7,772,000 in the second quarter.
This purchase represents about 8.5% of Point Break Capital Management's portfolio and makes it the company's fifth-largest position.
Amazon has been in the news recently due to its expansion plans in India, where it is investing around $3 billion through 2030 to strengthen its delivery network.