Stocks
Focused Alpha LLC Puts Big Bet on Amazon.com Stock
Focused Alpha LLC has taken a significant position in Amazon.com, Inc. (NASDAQ:AMZN) shares.
The fund purchased approximately $9,408,000 worth of AMZN stock during the second quarter, buying 39,475 new shares.
This represents around 2.4% of Focused Alpha LLC's total holdings, making Amazon its ninth-largest position in their portfolio.
Amazon.com accounts for a substantial portion of the fund's investments, and this move is one of several significant transactions from various institutional investors over the past few quarters.