Do Hedge Funds Have Too Much Confidence In Amazon.com, Inc. (AMZN)?

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Our extensive research has shown that imitating the smart money can generate significant returns for retail investors, which is why we track nearly 750 active prominent money managers and analyze their quarterly 13F filings. The stocks that are heavily bought by hedge funds historically outperformed the market, though there is no shortage of high profile failures like hedge funds' 2018 losses in Facebook and Apple. Let’s take a closer look at what the funds we track think about Amazon.com, Inc. (NASDAQ:AMZN) in this article.” data-reactid=”11″>Our extensive research has shown that imitating the smart money can generate significant returns for retail investors, which is why we track nearly 750 active prominent money managers and analyze their quarterly 13F filings. The stocks that are heavily bought by hedge funds historically outperformed the market, though there is no shortage of high profile failures like hedge funds’ 2018 losses in Facebook and Apple. Let’s take a closer look at what the funds we track think about Amazon.com, Inc. (NASDAQ:AMZN) in this article.

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Amazon.com, Inc. (NASDAQ:AMZN) is the&nbsp;3rd most popular stocks hedge funds at the end of March (see&nbsp;the 30 most popular stocks among hedge funds). Hedge fund sentiment towards AMZN is still near its all time high that was reached at the end of 2018.” data-reactid=”12″>Amazon.com, Inc. (NASDAQ:AMZN) is the 3rd most popular stocks hedge funds at the end of March (see the 30 most popular stocks among hedge funds). Hedge fund sentiment towards AMZN is still near its all time high that was reached at the end of 2018.

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="To most shareholders, hedge funds are viewed as underperforming, outdated investment vehicles of the past. While there are over 8000 funds trading today, Our researchers hone in on the aristocrats of this club, about 750 funds. It is estimated that this group of investors handle the lion's share of the hedge fund industry's total capital, and by observing their inimitable picks, Insider Monkey has brought to light a number of investment strategies that have historically exceeded the S&amp;P 500 index. Insider Monkey's flagship hedge fund strategy surpassed the S&amp;P 500 index by around 5 percentage points annually since its inception in May 2014 through the end of May. We were able to generate large returns even by identifying short candidates. Our portfolio of short stocks lost 30.9% since February 2017 (through May 30th) even though&nbsp;the market was up nearly 24% during the same period. We just shared a list of 5 short targets&nbsp;in our latest quarterly update and they are already down an average of 11.9% in less than a couple of weeks whereas our long picks outperformed the market by 2 percentage points in this volatile 2 week period.” data-reactid=”13″>To most shareholders, hedge funds are viewed as underperforming, outdated investment vehicles of the past. While there are over 8000 funds trading today, Our researchers hone in on the aristocrats of this club, about 750 funds. It is estimated that this group of investors handle the lion’s share of the hedge fund industry’s total capital, and by observing their inimitable picks, Insider Monkey has brought to light a number of investment strategies that have historically exceeded the S&P 500 index. Insider Monkey’s flagship hedge fund strategy surpassed the S&P 500 index by around 5 percentage points annually since its inception in May 2014 through the end of May. We were able to generate large returns even by identifying short candidates. Our portfolio of short stocks lost 30.9% since February 2017 (through May 30th) even though the market was up nearly 24% during the same period. We just shared a list of 5 short targets in our latest quarterly update and they are already down an average of 11.9% in less than a couple of weeks whereas our long picks outperformed the market by 2 percentage points in this volatile 2 week period.

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<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Let's take a gander at the key hedge fund action surrounding Amazon.com, Inc. (NASDAQ:AMZN).” data-reactid=”25″>Let’s take a gander at the key hedge fund action surrounding Amazon.com, Inc. (NASDAQ:AMZN).

What have hedge funds been doing with Amazon.com, Inc. (NASDAQ:AMZN)?

At Q1’s end, a total of 166 of the hedge funds tracked by Insider Monkey were long this stock, a change of -1% from the fourth quarter of 2018. The graph below displays the number of hedge funds with bullish position in AMZN over the last 15 quarters. With hedge funds’ positions undergoing their usual ebb and flow, there exists a few noteworthy hedge fund managers who were boosting their stakes considerably (or already accumulated large positions).

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<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="According to Insider Monkey's hedge fund database, Ken Griffin's Citadel Investment Group has the number one call position in Amazon.com, Inc. (NASDAQ:AMZN), worth close to $5.2213 billion, comprising 2.6% of its total 13F portfolio. On Citadel Investment Group’s heels is Fisher Asset Management, managed by Ken Fisher, which holds a $2.4344 billion position; the fund has 3.3% of its 13F portfolio invested in the stock. Remaining professional money managers that hold long positions comprise Boykin Curry’s Eagle Capital Management, Chase Coleman’s Tiger Global Management LLC and Stephen Mandel’s Lone Pine Capital.” data-reactid=”39″>According to Insider Monkey’s hedge fund database, Ken Griffin’s Citadel Investment Group has the number one call position in Amazon.com, Inc. (NASDAQ:AMZN), worth close to $5.2213 billion, comprising 2.6% of its total 13F portfolio. On Citadel Investment Group’s heels is Fisher Asset Management, managed by Ken Fisher, which holds a $2.4344 billion position; the fund has 3.3% of its 13F portfolio invested in the stock. Remaining professional money managers that hold long positions comprise Boykin Curry’s Eagle Capital Management, Chase Coleman’s Tiger Global Management LLC and Stephen Mandel’s Lone Pine Capital.

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