Stocks
PCM Encore Doubles Down on Amazon with New Stake
PCM Encore LLC has acquired a new stake in Amazon.com, Inc. (AMZN) shares, purchasing 51,255 shares valued at approximately $12,216,000 in the second quarter. This investment accounts for around 2.1% of PCM Encore LLC's portfolio, making it their 8th biggest holding.
Other institutional investors have also increased or decreased their holdings in AMZN recently. Auto Owners Insurance Co boosted its stake by 27,376.7%, purchasing an additional 98,090,585 shares and now owning a total of 98,448,885 shares worth $2,272,397,000.
Amazon has been making headlines with several key developments this week, including a long-term deal with Generac to supply backup generators for its data centers, valued at approximately $2.4 billion in 2027 and 2028.