Amazon Stake Boosted as E Fund Management Hong Kong Co. Ltd. Increases Holdings

E Fund Management Hong Kong Co. Ltd. has significantly increased its stake in Amazon.com (NASDAQ:AMZN) by 42.7% during the second quarter, according to recent SEC filings.

The company owned approximately 31,295 shares of Amazon's stock after purchasing an additional 9,358 shares during the period, which is worth around $7.46 million and makes up about 2.5% of E Fund Management Hong Kong Co. Ltd.'s portfolio.

This significant increase in stake highlights the growing interest in Amazon among institutional investors. E Fund Management Hong Kong Co. Ltd. now ranks Amazon as its 10th largest holding, underscoring the e-commerce giant's dominance in the market.