Summitry Cuts Amazon Stake as Institutional Investors Adjust Holdings

Summitry LLC reduced its position in Amazon.com, Inc.'s (NASDAQ:AMZN) stock by 4.0% in the second quarter, according to a recent filing with the Securities and Exchange Commission (SEC). The firm owned 593,631 shares of the e-commerce giant's stock after selling 24,840 shares during the quarter.

Amazon.com comprises about 4.7% of Summitry LLC's portfolio, making it their fourth-largest holding. The total value of their Amazon holdings was approximately $141,486,000 at the end of the most recent reporting period.

In related news, several other large investors have adjusted their stakes in AMZN. Norges Bank purchased a new position in Amazon.com during the fourth quarter worth around $32,868,735,000.

Auto Owners Insurance Co raised its stake in Amazon.com by 27,376.7% in the 4th quarter and now owns 98,448,885 shares of the e-commerce giant's stock worth $2,272,397,000 after purchasing an additional 98,090,585 shares.