Sei Investments Co. Doubles Down on Amazon with $2.19 Billion Stake
Sei Investments Co., a financial institution, has significantly increased its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 10.2% during the first quarter. The fund now owns 10,492,826 shares of Amazon's stock after purchasing an additional 974,583 shares.
This acquisition makes Amazon the fourth-largest holding in Sei Investments Co.'s portfolio, accounting for approximately 2.0% of its total holdings. At the end of the most recent quarter, Amazon was valued at $2,185,341,000.
Other institutional investors have also increased their stakes in Amazon, including MilWealth Group LLC and Elkhorn Partners Limited Partnership, which saw significant growth in their holdings during the fourth quarter.