Cim LLC Cuts Stake in Amazon.com by Nearly 7% Amid Q1 Sell-Off
Cim LLC reduced its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 6.9% during the first quarter, according to a recent SEC filing.
The company sold 6,617 shares of the e-commerce giant's stock, leaving it with 89,777 shares worth $18,698,000 as of its latest filing.
This reduces Amazon.com's share in Cim LLC's holdings to about 2.7%, making it the firm's eleventh-largest position.