Updated from August, 14 to reflect change in Tiger Global.
NEW YORK ( TheStreet) -- Institutional investment managers added shares of Amazon (AMZN) 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: firstname.lastname@example.org. Check out our new tech blog, Tech Trends. Follow TheStreet Tech on your wireless devices. >Contact by Email. Follow @nrpierrepont
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV