Arrowstreet Capital Boosts Stake in Amazon.com with $6.785 Billion Bet

Arrowstreet Capital Limited Partnership significantly increased its stake in Amazon.com, Inc. (NASDAQ:AMZN) during the first quarter of this year.

The firm's most recent 13F filing with the SEC revealed that it purchased an additional 7,924,943 shares, boosting its total holdings to 32,578,171 shares.

This represents a 32.1% increase in Arrowstreet Capital's position in Amazon.com, making the stock its second-largest holding and accounting for approximately 3.7% of the firm's overall portfolio.

The current market value of Arrowstreet Capital's Amazon.com holdings is around $6.785 billion, which equates to about 0.30% of Amazon.com's outstanding shares.