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Hedge Funds Flock to Amazon as Tiptree Advisors Invests Heavily

Guavy AI Editorial Team
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AMZN
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Tiptree Advisors LLC has purchased a new stake in Amazon.com, Inc. (NASDAQ:AMZN) worth approximately $19.2 million.

The fund acquired 80,500 shares of Amazon's stock during the second quarter, making it the company's largest holding at around 11.9% of its portfolio.

This is not an isolated instance; several other hedge funds have also increased their stakes in Amazon recently. Magnolia Capital Advisors LLC and Arini Capital Management Ltd acquired new positions in the e-commerce giant during the second quarter, while Strategic Global Advisors LLC and Port Capital LLC did so as well.

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