Renaissance Doubles Down on Amazon with $546M Bet

Renaissance Technologies LLC has significantly increased its investment in Amazon (AMZN) by opening a new $546.0M position, according to a recent SEC filing.

This is not an isolated move; 3,129 institutional investors added shares of AMZN stock to their portfolios in the last quarter, while 2,592 decreased their positions.

The largest recent moves include JPMorgan Chase & Co., which added 167.98 million shares (+inf%) for an estimated $40 billion, and SG Americas Securities, LLC, which added 22.21 million shares (+367.5%) for an estimated $5.29 billion.