Tudor Financial Sells Amazon Stake Amidst Institutional Shift
Tudor Financial Inc., a hedge fund, recently reduced its stake in Amazon.com, Inc. (NASDAQ:AMZN) by selling 3,952 shares during the second quarter.
The firm's holdings in Amazon.com were valued at $1,193,000 as of its most recent filing with the Securities and Exchange Commission.
This move comes amidst significant changes in institutional investors' positions in Amazon.com. Auto Owners Insurance Co., for example, increased its holdings by 27,376.7% in the fourth quarter, taking its stake to 98,448,885 shares valued at $2,272,397,000.
Several other hedge funds and financial institutions have also modified their positions in Amazon.com during the same period, with Bank of America Corp DE buying a new position worth $22,218,775,000 and Bank of New York Mellon Corp acquiring a stake valued at $16,341,405,000.