Pelham Capital Lifts Stake in Amazon

Pelham Capital Ltd., an investment firm, increased its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 12.1% during the second quarter, according to a recent filing with the Securities & Exchange Commission.

The fund owned 71,730 shares of Amazon's stock after buying an additional 7,755 shares during the period.

Amazon.com makes up approximately 9.7% of Pelham Capital Ltd.'s portfolio, making it its fourth-largest holding.

Pelham Capital Ltd.'s holdings in Amazon.com were worth $17,096,000 at the end of the most recent quarter.

This is not an isolated case; several other institutional investors have also increased their stakes in Amazon during the second quarter.