Dev Kantesaria’s Stock Portfolio: Top 5 Stocks

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In this article, we will take a look at the top 5 stocks in Dev Kantesaria’s Q2 portfolio. If you wish to see our detailed analysis of Kantesaria’s history, investment philosophy, and hedge fund performance, go directly to Dev Kantesaria’s Stock Portfolio: Top 9 Stocks.

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

Valley Forge Capital Management’s Stake Value: $270.79 million
Percentage of Valley Forge Capital Management’s 13F Portfolio: 10.52%
Number of Hedge Fund Holders: 271

Multinational e-commerce giant Amazon.com, Inc. (NASDAQ:AMZN), considered to be the world’s most valuable brand, is one of the Big Five companies in the US information technology sector.

On October 21, Baird analyst Colin Sebastian maintained an Outperform rating on Amazon.com, Inc. (NASDAQ:AMZN), alongside a $4000 price target on its shares.

Of the 873 elite funds tracked by Insider Monkey, 271 held stakes in Amazon.com, Inc. (NASDAQ:AMZN) worth $60.49 billion in the second quarter of 2021, compared to 243 funds in the first quarter with total stakes amounting to around $50.4 billion.

Valley Forge Capital Management, as of Q2 2021, holds 78,715 shares in the company, worth more than $270.79 million, and representing 10.52% of the investment firm’s portfolio.

Ken Fisher’s Fisher Asset Management is among the most notable stakeholders in Amazon.com, Inc. (NASDAQ:AMZN), with over 1.87 million shares worth more than $6.45 billion.

Madison Funds, in its Q3 2021 investor letter, mentioned Amazon.com, Inc. (NASDAQ:AMZN). Here is what the fund had to say:

“We did add a modest new position weight to the portfolio in the quarter in Amazon.com, Inc. stock (AMZN). We acknowledge that many aspects of Amazon’s merit as an investment are well appreciated. However, our work leads us to conclude that shares are attractive. Leadership positions in both e-commerce and cloud computing provide the company with significant durable competitive advantages in industries that we think can produce above average growth over the next decade. Over the past year, AMZN shares have trailed the market as investors debate near-term growth prospects following the pandemic-induced e-commerce demand. Additionally, margins have been depressed due to Amazon’s unprecedented increases in spending to build out fulfillment and in-house logistics capabilities – Amazon will build out more square footage this year and last than it did cumulatively over the previous 10 years, more than doubling its in-house delivery capacity. We like the investments Amazon is making and believe they will further advantage the company relative to other retailers, making it nearly impossible for competitors to match the same level of delivery speed and convenience. With its large and frequently engaged customer base, Amazon has multiple mechanisms to make money, including selling advertising and enhanced subscription services. Within the cloud business, we forecast Amazon Web Services (AWS) leveraging its strengths in Infrastructure-as-a-service (IaaS) to move into higher value segments of cloud computing (such as platform-as-a-service: PaaS), allowing the company to continue outgrowing the overall IT sector with strong profitability. While Amazon shares have performed extremely well over the long-term, we think near-term concerns about whether Amazon will earn a return on its accelerated investments provide an opportunity now for investors willing to look through the investment period. Our view is that the investments likely earn strong returns and extend Amazon’s competitive advantages and aboveaverage growth.”




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