Long Corridor Asset Management Takes $40 Billion Position in Amazon
Long Corridor Asset Management Ltd has taken a significant position in Amazon.com Inc. (AMZN). According to its most recent 13F filing, the fund purchased 169,150 shares of AMZN's stock during the second quarter, valued at approximately $40,315,000.
This represents a new stake for Long Corridor Asset Management Ltd and accounts for about 12.2% of the fund's portfolio, making Amazon.com its second-largest holding.
Other investors have also been active in their stakes in AMZN, with Auto Owners Insurance Co increasing its position by 27,376.7% during the fourth quarter and Bank of New York Mellon Corp buying a new position worth $16,341,405,000 in the second quarter.
The company's stock has seen significant price action recently, with shares opening at $253.71 on Friday.