Amundi Doubles Down on Amazon with $12 Billion Stake
Amundi, one of the world's largest asset managers, significantly increased its stake in Amazon.com, Inc. (NASDAQ: AMZN) during the first quarter.
The company lifted its position by 14.1%, owning a total of 61,400,503 shares after purchasing an additional 7,590,952 shares.
This makes up about 3.5% of Amundi's investment portfolio and is its fifth largest holding, valued at $12,787,883,000 as of the end of the quarter.