Stocks
Waverly Advisors Doubles Down on Amazon with 27.6% Stake Increase
Waverly Advisors LLC has increased its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 27.6% in the first quarter, according to a recent SEC filing.
The fund now owns 614,982 shares of the e-commerce giant's stock after acquiring an additional 133,138 shares during the period.
Amazon.com comprises 1.0% of Waverly Advisors LLC's portfolio, making it its 14th biggest position, with a total value of $128,082,000.
This is not an isolated move by Waverly Advisors; several other large investors have also increased their holdings in Amazon.com during the first quarter.