5 Best Stocks to Buy Now According to Billionaire Andreas Halvorsen

2. Amazon Com Inc. (NASDAQ:AMZN)

Viking Global Investors’ Stake Value: $1.4B

Percentage of Viking Global Investors’ 13F Portfolio: 5.57%

Number of Hedge Fund Holdings: 271

As of the first quarter of 2022, Ken Griffin’s Citadel Investment Group is the largest shareholder in Amazon (NASDAQ:AMZN), having a stake value of over $13.1 billion. Viking Global increased their stake in Amazon (NASDAQ:AMZN) by 52%, having a cumulative stake value of almost $1.4 billion.

Amazon Com Inc. (NASDAQ:AMZN) was mentioned by Weitz Investment Management, an investment management firm, in their Q1 2022 investment letter, a copy of which can be obtained here. This is what they had to say:

Amazon.com’s (NASDAQ:AMZN) stock was down modestly in the quarter, but opportunistic purchases helped the position contribute positively to the Fund. Our index short positions against ETFs tracking market indexes provided helpful ballast during the first quarter drawdown but were otherwise detractors for the fiscal year. During the quarter, we covered roughly 20% of our S&P 500 short and 50% of our Nasdaq 100 short at progressively lower prices. Among our long equities, we added materially to high-conviction holdings Amazon.com.”