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Pangea Capital Doubles Down on Amazon with $19 Million Investment

Guavy AI Editorial Team
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AMZN
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Pangea Capital Gestao de Recursos Ltda., an investment firm, recently made a significant move in the market. The company purchased a new position in Amazon.com, Inc.'s (NASDAQ:AMZN) shares during the first quarter, according to its latest 13F filing with the Securities & Exchange Commission.

The firm acquired 91,221 shares of Amazon's stock, valued at approximately $18,999,000. This investment accounts for 14.5% of Pangea Capital Gestao de Recursos Ltda.'s holdings, making it the second-largest position in its portfolio.

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