Was Alexander West’s Blue Pool Capital Right About These 5 Stocks?

In this article, we discuss top 5 stock picks of Alexander West’s hedge fund as of the end of the third quarter and assess their performance over the past 12 months. To see the background and context of this article and read about more stocks, go to Was Alexander West’s Blue Pool Capital Right About These 10 Stocks?

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

Blue Pool Capital’s Stake Value: $40,800,000

Stock performance over the past 12 months through November 25: -46%

Increasing its position in Amazon.com, Inc. (NASDAQ:AMZN) by 9% during the third quarter, Blue Pool Capital owns a total of 12,420 shares of the company, worth $40.8 million, representing 2.93% of the fund’s Q3 investments. 

Monness Crespi analyst Brian White on December 27 stated that Amazon.com, Inc. (NASDAQ:AMZN) shares have trailed this year’s “healthy market rally” after a strong stock performance in 2020, but the company is “uniquely positioned to exit this crisis as one of the biggest beneficiaries of accelerated digital transformation.” He has a Buy rating and a $4,500 price target on Amazon.com, Inc. (NASDAQ:AMZN) shares.

Among the hedge funds tracked by Insider Monkey, Fisher Asset Management is one of the largest Amazon.com, Inc. (NASDAQ:AMZN) stakeholders as of Q3 2021, with a $6.3 billion position in the company. 

Here is what Davis Opportunity Fund has to say about Amazon.com, Inc. (NASDAQ:AMZN) in its Q3 2021 investor letter:

“E-commerce, online search and advertising, social media and software are another component of the portfolio that have proven, attractive businesses. The online portion of the Fund is currently dominated by such market leaders as Amazon.com. We are attracted to these names based on the size and rapid expansion of their market opportunities globally, their ability to generate and grow new revenue sources through constant innovation, ample operating leverage as they continue to scale and capable, focused, highly competitive leadership teams. If purchased at sensible prices, these types of businesses in our experience can contribute meaningfully to long-term results.”