Amazon Shareholders See Significant Shifts Amid October Effect Ltd's Reduced Stake
October Effect Ltd has significantly reduced its stake in Amazon.com, Inc. (NASDAQ:AMZN) by selling off 6,271 shares during the second quarter.
This move represents a 51.7% reduction from their previous holdings and indicates that October Effect Ltd no longer considers Amazon to be one of its core investments, as it now comprises only about 1.3% of their investment portfolio.
According to the most recent 13F filing with the Securities & Exchange Commission, October Effect Ltd owned 5,853 shares of Amazon's stock after selling off a portion of its holdings during the quarter.
The total value of their remaining Amazon.com holdings was approximately $1.395 million at the end of the reporting period.