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Carmignac Gestion Trims Amazon Stake By 10.6%

Guavy AI Editorial Team
Instruments
AMZN
Share

Carmignac Gestion has trimmed its stake in Amazon.com by 10.6% during the first quarter, reducing its position to 1,409,850 shares.

The value of Carmignac Gestion's holdings in Amazon.com is approximately $293,522,000, making it the firm's 6th biggest holding and accounting for around 4.5% of its total portfolio.

This move follows other institutional investors buying and selling shares of the e-commerce giant; MilWealth Group LLC increased its position by 79%, while Elkhorn Partners Limited Partnership grew its stake by 900%.

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