Railway Pension Investments Cuts Amazon Stake by 11% Amid Broader Institutional Shift

Railway Pension Investments Ltd decreased its holdings in Amazon.com by 11.2% in the second quarter, selling 125,760 shares and owning 996,040 shares at the end of the period.

The e-commerce giant's stock makes up about 3.0% of Railway Pension Investments Ltd's investment portfolio, making it the company's seventh largest position with a value of $237,396,000.

This is not an isolated change; several other institutional investors have recently bought and sold Amazon.com shares, including Bank of America Corp DE, which purchased a new stake worth about $22,218,775,000 in the second quarter.