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Bornite Capital Management LP Delves into Amazon.com with Major New Investment

Guavy AI Editorial Team
Instruments
AMZN
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Bornite Capital Management LP has made a significant new investment in Amazon.com, Inc. (NASDAQ:AMZN), purchasing 237,700 shares valued at approximately $56,653,000 during the second quarter.

This acquisition brings Bornite's holdings of Amazon to 7.1% of its portfolio, making it the company's 2nd largest holding.

The institutional investor's move follows other notable purchases by Silvant Capital Management LLC and Public Employees Retirement System of Ohio, both of which acquired new stakes in Amazon during the same quarter.

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