Empirical Capital Management Doubles Down on Amazon

A leading institutional investor, Empirical Capital Management LLC, has significantly increased its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 69.8% during the second quarter.

The company's holdings in Amazon.com are now worth $28,982,000, making it their fifth-largest holding and accounting for 7.9% of their portfolio.

This increase is part of a broader trend, as several other large investors have also been buying into Amazon shares during the same period.