Key Takeaways Viking Global expanded its Amazon position to 3.7M shares from 1.2M, while Bridgewater slashed its stake by over 50% in Q2 2026. Renaissance Technologies boosted its holdings by
Amazon (AMZN) stock traded at $262.65 during Monday’s opening, positioned comfortably above its 52-week low of $196.00 while remaining under its peak of $287.20. The tech giant maintains a market capitalization of $2.83 trillion with a price-to-earnings ratio of 21.13.
The latest 13F filings for Q2 2026 painted a contrasting landscape among prominent institutional investors. While some hedge funds aggressively accumulated shares, others significantly reduced their exposure.
Viking Global emerged as the quarter’s most aggressive buyer, expanding its holdings by over 200% from 1.2M shares to 3.7M. Duquesne delivered an even more dramatic percentage increase, surging from a modest 46K shares to 542K.
Baupost Group increased its position from 3.12M to 3.74M shares. Appaloosa expanded from 4.32M to 5M shares, while Altimeter Capital grew its stake from 2.09M to 2.43M shares.
Renaissance Technologies emerged as another significant accumulator, purchasing an additional 2.29M shares worth approximately $546M. Lansdowne Partners, Discovery Capital, Corvex Management, and Glenview Capital similarly boosted their Amazon allocations.
Conversely, Bridgewater dramatically reduced its exposure, slashing its position from 4.39M shares to 2.03M. Pershing Square decreased its holdings from 11.5M to 8.6M shares.
D1 Capital substantially downsized from 1.81M to 628K shares. Soros Fund trimmed its position from 1.95M to 1.18M, while Iconiq Capital executed a steep reduction from 251K to merely 52K shares.
Tiger Global, Third Point, Meritage Group, and Scopia Capital were among other firms that decreased their Amazon exposure throughout the quarter.
Amazon’s second-quarter performance provided substantial validation for optimistic investors. The company delivered revenue of $200.61 billion, representing a 19.6% year-over-year expansion and surpassing the $197.03 billion analyst projection.
Earnings per share reached $5.75, dramatically exceeding the consensus forecast of $1.82. This represents a significant outperformance. Net profit margin registered at 17.44% alongside a return on equity of 18.00%.
Amazon Web Services remained a critical growth engine, with market observers highlighting five consecutive quarters of accelerating expansion and customer commitments extending through 2028.
Goldman Sachs upgraded its price objective to $375 on July 31st from a previous $335, maintaining its “buy” recommendation. Bank of America increased its target from $310 to $320, also retaining a “buy” rating. New Street Research established a $350 price target.
Citigroup and Oppenheimer both maintained outperform ratings. Among 59 tracked analysts, 56 assign AMZN a “buy” rating, two recommend “hold,” and one rates it a “strong buy.” The consensus price target averages $322.56.
Institutional ownership accounts for 72.2% of Amazon’s outstanding shares. Company insiders divested 62,650 shares totaling $16.5 million during the past three months, executed exclusively through pre-established Rule 10b5-1 trading arrangements.
Wall Street analysts collectively project full-year earnings per share of $8.05.
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