Amazon Sees Major Institutional Investment from Black Cypress Capital Management

Black Cypress Capital Management LLC made a significant investment in Amazon.com, Inc. (NASDAQ:AMZN) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission.

The institutional investor purchased 55,363 shares of Amazon's stock, valued at approximately $13,195,000. This represents a new position for Black Cypress Capital Management LLC in Amazon.com, which comprises about 8.8% of its investment portfolio and is the company's fifth-largest holding.

This investment is just one example of the ongoing interest from institutional investors in Amazon.com, with other hedge funds and companies also making changes to their positions in the business during the second quarter.