Bridger Management LLC Doubles Down on Amazon with $14.9M Investment
Bridger Management LLC has purchased new holdings in Amazon.com, Inc. (NASDAQ:AMZN) valued at approximately $14,961,000.
The institutional investor bought 62,771 shares of the e-commerce giant's stock in the second quarter, making it their 2nd largest position, accounting for about 10.0% of Bridger Management LLC's portfolio.
This is not an isolated move; several other large investors have also made changes to their positions in Amazon.com. Glenview Trust Co bought a new position in Amazon.com in the second quarter valued at approximately $165,244,000, while North Star Asset Management Inc. acquired a new position in Amazon.com during the second quarter valued at approximately $53,182,000.
AWS and AI infrastructure remain a central bullish case for Amazon's stock, with analysts arguing that its roughly $200 billion 2026 capital-expenditure plan reflects substantial demand for AWS computing, custom chips, and AI capacity. However, concerns about AI spending outpacing monetization may pressure AMZN's valuation despite strong AWS demand.