Stocks
Kerrisdale Advisers Sells 2,855 Amazon Shares Worth $13.32 Million
Kerrisdale Advisers LLC has a significant stake in Amazon.com, Inc. (AMZN) worth $13.32 million. In its most recent filing with the SEC, Kerrisdale revealed that it decreased its holdings in AMZN by 4.9% during the second quarter.
The institutional investor owned 55,891 shares of Amazon's stock after selling 2,855 shares during the period. This accounts for about 3.4% of Kerrisdale Advisers LLC's portfolio, making it the company's fifth-largest position.
Several other institutional investors and hedge funds have also made changes to their positions in AMZN recently. Red Crane Wealth Management LLC increased its position by 2.3% in the first quarter, while Robinson Smith Wealth Advisors LLC boosted its holdings by 0.7% during the same period.