Amazon Stake Shrinks as Wellington Cuts Holdings

Wellington Management Group LLP, a prominent institutional investor, trimmed its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 11.8% during the second quarter, according to its most recent Form 13F filing with the SEC.

The firm owned 55,060,066 shares of the e-commerce giant's stock after selling 7,340,003 shares during the quarter.

Amazon.com accounts for approximately 2.3% of Wellington Management Group LLP's holdings, making it the company's 7th biggest holding.