EdgePoint Investment Group Inc., a prominent institutional investor, has acquired a new stake in Amazon.com, Inc. (AMZN) during the first quarter.
According to the company's Form 13F filing with the Securities & Exchange Commission, EdgePoint bought 1,345,120 shares of Amazon's stock, valued at approximately $280,148,000.
This represents about 2.2% of EdgePoint's portfolio and makes AMZN its 17th largest position.
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