Why Top Investors Are Buying Amazon.com, Inc. (AMZN)

According to their latest 13F filings, institutional investors made a series of compelling moves in Amazon.com, Inc. (AMZN), signaling renewed confidence in the e-commerce and cloud giant. Known for its dominant position in online retail, AWS leadership, and expanding advertising business, AMZN continues to attract high-profile funds seeking long-term growth exposure.

Let’s examine some of the most notable changes:

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Tiger Global Management LLC (Chase Coleman)
Shares: 10,685,541
Change: ↑ +4,097,053 (Previously: 6,588,488)
Value: $2.34B

Chase Coleman’s Tiger Global made the largest addition this quarter, boosting its AMZN stake significantly. The aggressive increase reflects growing conviction in Amazon’s cloud and e-commerce moat despite macroeconomic uncertainty.

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Point72 Asset Management, L.P. (Steve Cohen)
Shares: 4,787,438
Change: ↑ +1,636,692 (Previously: 3,150,746)
Value: $1.05B

Steve Cohen’s Point72 increased its position materially, suggesting optimism around Amazon’s profitability trajectory and the scalability of AWS.

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Viking Global Investors LP (Andreas Halvorsen)
Shares: 3,897,092
Change: ↑ +1,175,382 (Previously: 2,721,710)
Value: $0.85B

Viking Global’s incremental buy underscores confidence in Amazon’s capacity to expand margins as logistics investments start to normalize.

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Lone Pine Capital LLC (Steve Mandel)
Shares: 5,033,556
Change: ↑ +680,816 (Previously: 4,352,740)
Value: $1.10B

Lone Pine Capital continued to scale into AMZN, reflecting belief in the company’s multi-year earnings power as e-commerce and cloud tailwinds persist.

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Third Point LLC (Dan Loeb)
Shares: 2,710,000
Change: ↑ +360,000 (Previously: 2,350,000)
Value: $0.59B

Dan Loeb’s Third Point made a moderate addition, consistent with its strategy of owning high-quality growth names trading at compelling valuations.

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Appaloosa LP (David Tepper)
Shares: 2,700,000
Change: ↑ +190,000 (Previously: 2,510,000)
Value: $0.59B

David Tepper added to AMZN this quarter, signaling confidence in its diversified revenue streams spanning retail, cloud, and digital ads.

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Grantham, Mayo, Van Otterloo & Co. LLC (Jeremy Grantham)
Shares: 3,605,807
Change: ↑ +169,835 (Previously: 3,435,972)
Value: $0.79B

Jeremy Grantham’s firm continued to grow its AMZN stake, perhaps seeing value amid tech sector volatility.

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Maverick Capital Ltd (Lee Ainslie)
Shares: 2,060,443
Change: ↑ +107,879 (Previously: 1,952,564)
Value: $0.45B

Lee Ainslie modestly boosted his AMZN position, aligning with Maverick’s approach of scaling into high-quality compounders.

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GAMCO Investors, Inc. (Mario Gabelli)
Shares: 158,451
Change: ↑ +22,267 (Previously: 136,184)
Value: $0.03B

Mario Gabelli made a small but notable increase, continuing GAMCO’s strategy of incremental buying in tech leaders.

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Pershing Square Capital Management, L.P. (Bill Ackman)
Shares: 5,823,316
Change: NEW POSITION
Value: $1.28B

Bill Ackman initiated a brand-new position in AMZN, marking one of the most high-profile entries this quarter. Ackman’s move highlights the company’s attractive long-term fundamentals.

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Giverny Capital Inc. (Francois Rochon)
Shares: 1,174
Change: NEW POSITION
Value: $0.00B

Francois Rochon opened a small initial position in AMZN this quarter. While modest in size, the move reflects Rochon’s interest in adding high-quality growth businesses to Giverny’s portfolio.