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Synergy Asset Management Raises Stake in Amazon

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AMZN
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Synergy Asset Management LLC has significantly increased its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 16.3% in the second quarter, according to a recent SEC filing.

The institutional investor now owns 173,957 shares of Amazon's stock after purchasing an additional 24,331 shares during the quarter.

Amazon comprises about 3.9% of Synergy Asset Management LLC's holdings, making it its fifth largest position, with a total value of $41,461,000 as of its most recent filing.

This is not an isolated case; other hedge funds and institutional investors have also made significant changes to their positions in Amazon.com during the second quarter.

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