Triumph Slashes Stake in Amazon, Worth $5.3 Million

Triumph Capital Management, an investment firm, reduced its stake in Amazon.com's (AMZN) shares by 20.5% in the second quarter, according to a recent SEC disclosure.

The company sold 5,742 shares during this period, leaving Triumph with 22,299 shares of Amazon stock worth approximately $5.3 million at the end of the quarter.

This reduction makes up around 1% of Triumph's investment portfolio and ranks Amazon as its 19th largest holding.