Hedge Funds Split on Amazon as Q2 Sentiment Reveals Big Winners and Losers
Hedge funds are exhibiting mixed sentiment towards Amazon (AMZN) as revealed by recent Q2 13F filings. Viking Global significantly increased its position from 1.2M shares to 3.7M, more than tripling its holdings. Baupost Group also boosted its stake from 3.12M to 3.74M shares.
Renaissance Technologies emerged as another significant accumulator, purchasing an additional 2.29M shares worth approximately $546 million. Conversely, Bridgewater dramatically reduced its exposure, slashing its stake from 4.39M shares to 2.03M, a cut exceeding 50%.
Amazon's second-quarter performance provided substantial justification for bullish positioning. The company delivered revenue of $200.61 billion, representing a 19.6% year-over-year gain and surpassing the $197.03 billion analyst consensus.