2026년 2월 22일 · Unknown · financial · 출처 Seeking Alpha
[Amazon fulfillment center building in Las Vegas]
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Hedge fund positioning in Amazon (AMZN [https://seekingalpha.com/symbol/AMZN]) was mixed in Q4 2025, with several large institutional holders trimming exposure while a handful of high-profile managers boosted stakes or initiated new positions.
Among the largest shareholders, JPMorgan reduced its common stock holdings by 12%, cutting more than 22.6 million shares to 160.0 million shares. Morgan Stanley made a modest 1% reduction but remains a major holder with more than 161.5 million shares.
The most notable reduction came from Berkshire Hathaway, which slashed its Amazon stake by 77%, reducing holdings from 10 million shares to roughly 2.3 million. Third Point trimmed its position by 23%, while Tiger Global lowered exposure by 9%. Appaloosa also reduced its stake by 13%.
On the other hand, several managers increased exposure meaningfully. Pershing Square boosted its holdings by 65%, adding nearly 3.8 million shares. Point72 lifted its stake by 68%, while Coatue increased holdings by 14%. Whale Rock raised its position by 28%, and Duquesne expanded its stake by 69%.
New positions also emerged during the quarter. Baupost initiated a sizeable stake of 2.1 million shares, while Renaissance Technologies opened a position of nearly 891,000 shares. 3G Capital established a smaller new holding of 130,000 shares.
Elsewhere, Soros Fund Management increased its common position by 6%.
Eminence Capital, Ark Invest, Corvex, Bridgewater, and Goldman Sachs maintained largely steady positions in Q4 2025, with only marginal percentage changes during the quarter.
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