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Encore Global Management LP Buys into Amazon.com Inc.

Guavy AI Editorial Team
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AMZN
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Encore Global Management LP, a hedge fund, has acquired shares of Amazon.com Inc. (NASDAQ:AMZN), the e-commerce giant's stock. According to a recent filing with the Securities & Exchange Commission, Encore Global Management LP purchased 16,500 shares in the second quarter, valued at approximately $3,933,000.

The newly acquired shares account for about 3.9% of Encore Global Management LP's portfolio and make Amazon.com its fifth largest holding.

This is not an isolated investment; several other hedge funds have also modified their holdings of the company in recent quarters.

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