Ams Capital Cuts Amazon Stake by Nearly 38%

Ams Capital Ltda recently filed its latest 13F filing with the Securities and Exchange Commission, detailing changes in its portfolio holdings. The firm reduced its stake in Amazon.com Inc. (AMZN) by 37.6% during the first quarter of this year, selling 58,778 shares.

Ams Capital Ltda now owns 97,627 shares of AMZN's stock, which accounts for approximately 8.1% of its investment portfolio. This makes Amazon.com Inc. Ams Capital Ltda's fourth-largest position in terms of holdings value.

The company's holding in Amazon.com was valued at $20,831,000 as of the latest filing with the SEC. The reduction in stake is a notable development, given Amazon's continued dominance in the e-commerce space and its expanding presence in cloud computing through Amazon Web Services (AWS).