Girish Kumar’s TenCore Partners is Investing in These 5 Technology Stocks

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In this article, we discuss the technology stocks Girish Kumar’s TenCore Partners is investing in. If you want to see our detailed analysis of Kumar’s history, investment philosophy, and hedge fund performance, go directly to Girish Kumar’s TenCore Partners is Investing in These 10 Technology Stocks.

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

Kumar’s Stake Value: $59,618,000
Percentage of Girish Kumar’s 13F Portfolio: 8.58%
Number of Hedge Fund Holders: 271

Amazon.com, Inc. (NASDAQ:AMZN) is a multinational company that specializes in e-commerce, cloud computing, digital streaming and artificial intelligence. Ranked 5th on the list of the 10 technology stocks Girish Kumar’s TenCore Partners is investing in, Amazon.com, Inc.(NASDAQ:AMZN) has a market capitalization of $1.76 trillion.

Girish Kumar’s TenCore Partners currently owns 17,330 shares of Amazon.com, Inc. (NASDAQ:AMZN), amounting to $59.61 million in worth and representing 8.58% of the fund’s portfolio. There were 271 hedge funds in our database that held stakes in Amazon.com, Inc. (NASDAQ:AMZN) in the second quarter of 2021, compared to 243 funds in the first quarter.

Out of the hedge funds being tracked by Insider Monkey, Martyn Taylor’s Crake Asset Management is a leading shareholder in Amazon.com, Inc. (NASDAQ: AMZN) with 68,500 shares worth more than $235 billion.

Amazon.com, Inc. (NASDAQ:AMZN) last released its earnings report on July 28, 2021, with reported earnings per share at $15.12, beating estimates of $12.22. Earnings for the e-commerce giant are expected to grow by 29.57% in the coming year.

In the Q2 2021 investor letter of L1 Capital, the fund mentioned Amazon.com, Inc. (NASDAQ:AMZN). Here is what the fund said:

Amazon flipped from being the largest detractor from portfolio performance in the March 2021 quarter, to one of the leading contributors in the June 2021 quarter. We took advantage of negative near-term sentiment in the March 2021 quarter to add to our Amazon investment. We continue to view Amazon as one of the best positioned businesses globally, with its share price still not reflecting fair value.”

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