5 Stocks to Buy in 2022 According to Mark Massey’s AltaRock Partners

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

AltaRock Partners’ Stake Value: $414,816,000
Percentage of AltaRock Partners’ 13F Portfolio: 10.57%
Number of Hedge Fund Holders: 279

Amazon.com, Inc. (NASDAQ:AMZN) is a worldwide technology corporation that provides online retail buying services. In Q1 2022, Ken Fisher’s Fisher Asset Management was a notable shareholder of Amazon.com, Inc. (NASDAQ:AMZN), with 2.36 million shares worth $7.70 billion.

Amazon.com, Inc. (NASDAQ:AMZN) is a new arrival in Mark Massey’s portfolio, as his hedge fund bought about 127,246 shares of the company, worth $414.82 million in the first quarter of 2022. As of the end of the fourth quarter of 2021, 279 hedge funds in Insider Monkey’s database held stakes in Amazon.com, Inc. (NASDAQ:AMZN), an increase compared to 242 funds in the preceding quarter.

On May 18, Amazon.com, Inc. (NASDAQ:AMZN) announced the introduction of the next-generation Fire 7 and Fire 7 Kids tablets, stating that they will improve its most affordable tablet’s speed, performance, and value.

Here is what Baron Funds had to say about Amazon.com, Inc. (NASDAQ:AMZN) in its Q1 2022 investor letter:

“Jeff Bezos sums up the current market behavior well in his 2000 shareholder letter where he quoted Benjamin Graham’s famous statement that, in the short term, a stock market is a voting machine, while in the long term, it is a weighing machine, saying that Amazon (NASDAQ:AMZN) is a “company that wants to be weighed, and over time we will be – over the long term, all companies are. In the meantime, we have our heads down working to build a heavier and heavier company.”

We have a lot of conviction that our businesses are doing the same – working to build heavier and heavier companies.”