InstitutionalPositioning
Bridgewater and Appaloosa Both Roughly Doubled Their Amazon Stakes Last Quarter.
Most of Their Peers Were Cutting.
Ray Dalio's Bridgewater and David Tepper's Appaloosa each roughly doubled their Amazon stakes in the first quarter, both reporting the same 208 dollar mark. Most of their large peers were cutting in the same three months. Read across funds rather than one filing at a time, the quarter shows two of the most closely watched managers on Wall Street independently building large Amazon positions at the same price, against a crowd that was mostly stepping back. This is not a recommendation, and it is not a forecast. It is a description of where the most followed institutional money moved last quarter, what it paid, and where the stock has gone since.
·7 min readAMZN