5 High Quality S&P 500 Stocks Billionaires Are Loading Up On

2. Amazon.com, Inc. (NASDAQ:AMZN)

Number of Billionaire Investors In Q1 2023: 31

Amazon.com, Inc. (NASDAQ:AMZN) is the leading player in the global electronic commerce industry. It is the largest company that allows both general customers and merchants to purchase products from its platform. However, Amazon.com, Inc. (NASDAQ:AMZN) is not limited only to e-commerce; it has a dominant cloud computing division whose services are utilized by both large and small firms; sells consumer electronics products; and also has a satellite internet division aiming to launch its first spacecraft soon.

By the end of Q1 2023, 243 of the 943 hedge funds part of Insider Monkey’s database had bought and owned Amazon.com, Inc. (NASDAQ:AMZN)’s shares. Its largest investor is Ken Fisher’s Fisher Asset Management with a $4.2 billion stake.

Follow Amazon Com Inc (NASDAQ:AMZN)