Hollencrest Dumps Half of Its Amazon Holdings Amid Earnings Optimism
Hollencrest Capital Management reduced its stake in Amazon.com, Inc. by 50.7% during the second quarter of this year. The fund sold 37,555 shares, decreasing its holdings to 36,445 shares.
The total value of Hollencrest's Amazon holdings was $8.69 million as of the latest SEC filing.
This is not an isolated instance; other hedge funds have also made adjustments to their Amazon positions in recent months. Auto Owners Insurance Co., for example, increased its stake by 27,376.7% during the fourth quarter and now owns a massive 98,448,885 shares worth $2.27 billion.