This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Hedge Funds Stock Up on Amazon

Updated from August, 14 to reflect change in Tiger Global.

NEW YORK ( TheStreet) -- Institutional investment managers added shares of Amazon (AMZN - Get Report) to their shopping cart during the quarter ending in June, according to Securities and Exchange Commission 13F filings.

The Seattle, Wash.-based company's long-term investment horizon and resulting razor-thin margins did not deter investors in the June quarter, as shares notched a 12.76% gain, compared to a 5.05% loss in the Nasdaq. ending in June. Year-to-date, shares have gained 34.71%.

Tremblant Capital Group -- This hedge fund is a new Amazon shareholder, purchasing 217,957 shares during the quarter.

SAC Capital Advisors LP -- The Connecticut-based hedge fund run by Steven Cohen raised his stake 194,224 shares for a total holding of 308,341.

Tiger Global Management LLC -- Seeded by legendary investor and founder of Tiger Management, Julian Robertson, Tiger Global Management is known as a "Tiger Cub." The fund, founded by Chase Coleman, increased its holding of Amazon by 164,000 shares this quarter, reaching 346,000 shares total.

Tiger Consumer Management LLC -- Not all "Tiger Cubs" added shares of Amazon during the quarter. Tiger Consumer Management, which is focused on the consumer sector, sold its entire position of Amazon during the quarter, or 176,679 shares.

Amazon shares ended slightly higher in Tuesday trading, up 0.32% to close at $233.19.

--Written by Nathalie Pierrepont in New York.

>To submit a news tip, send an email to:

Check out our new tech blog, Tech Trends. Follow TheStreet Tech on your wireless devices.

>Contact by Email.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AMZN $675.34 0.62%
AAPL $118.03 -0.71%
FB $105.41 -0.31%
GOOG $748.15 -0.02%
TSLA $229.64 5.22%


Chart of I:DJI
DOW 17,813.39 +1.20 0.01%
S&P 500 2,088.87 -0.27 -0.01%
NASDAQ 5,116.1430 +13.3350 0.26%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs