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Magellan Asset Management Ltd Acquires New Stake in Amazon.com Worth $149 Million

Guavy AI Editorial Team
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AMZN
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Magellan Asset Management Ltd has acquired a new position in Amazon.com (NASDAQ:AMZN) in its second-quarter investment portfolio, according to a recent Form 13F filing with the Securities and Exchange Commission.

The firm purchased 627,789 shares of Amazon's stock, valued at approximately $149.6 million.

Amazon makes up about 3.3% of Magellan Asset Management Ltd's investment portfolio, making it the company's 12th largest position.

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