Morris Mark’s Mark Asset Management Latest Portfolio: Top 5 Stock Picks

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

Mark Asset Management’s Stake Value: $43,331,000

Percentage of Mark Asset Management’s 13F Portfolio: 6.36%

Number of Hedge Fund Holders: 271

At the end of the first quarter, Amazon.com, Inc. (NASDAQ:AMZN) remained the most popular stock among the 912 hedge funds we track. 271 hedge funds in our database reported a stake in the online retail giant for that period, down from 279 at the end of 2021. Though Amazon.com, Inc.’s (NASDAQ:AMZN) stock has fallen by nearly 25% since last year, it is still up by almost 175% over the previous five years.

Though the growth of Amazon.com, Inc.’s (NASDAQ:AMZN) online retail business has come down in the last few years, the company continues to make significant investments in that business. Last week, Amazon.com, Inc. (NASDAQ:AMZN) announced that it had won approval from a planning board for a $550 million warehouse in the town of Niagara in New York state.