Palestra Capital Takes $224 Million Bet on Amazon

Palestra Capital Management LLC has taken a significant position in Amazon.com, Inc. (NASDAQ:AMZN) shares, acquiring 942,732 stocks valued at approximately $224,691,000.

This new stake represents around 7.6% of the investment portfolio managed by Palestra Capital, making AMZN its fourth-largest holding.

Other institutional investors have also increased their positions in Amazon.com during the second quarter, including Palogic Value Management L.P., Panoramic Capital LLC, Park West Asset Management LLC, Perennial Investment Advisors LLC, and Permanens Capital L.P.