Manufacturers Life Insures Billions in Amazon
The Manufacturers Life Insurance Company has invested $3.56 billion in Amazon.com, Inc.
This is according to Amazon's latest 13F filing with the SEC, which states that The Manufacturers Life Insurance Company purchased a new position in Amazon during the second quarter.
The institutional investor bought approximately 14.9 million shares of Amazon's stock, valued at $3.56 billion, making it the company's fourth-largest holding.