5 Best Big Stocks To Invest In

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

Number of Hedge Fund Holders: 271

Amazon.com, Inc. (NASDAQ: AMZN) is a Seattle, Washington-based multinational corporation known primarily for its e-commerce business and its cloud computing service called Amazon Web Services. It is ranked first on our list of 12 best big stocks to invest in.

At the end of the second quarter of 2021, 271 hedge funds in the database of Insider Monkey held stakes worth $60.49 billion in Amazon.com, Inc. (NASDAQ: AMZN), up from 243 the preceding quarter worth $50.42 billion.

Out of the hedge funds tracked by Insider Monkey, billionaire Ken Fisher’s Fisher Asset Management had the most valuable stake in Amazon.com, Inc. (NASDAQ: AMZN) as of the end of the second quarter of 2021, worth close to $6.45 billion, comprising 4.05% of its 13F portfolio. Fisher Asset Management’s stake increased by 4% during the second quarter of 2021.

In its Q2 2021 investor letter, L1 Capital, an investment management firm, mentioned Amazon.com, Inc. (NASDAQ: AMZN). Here is what the firm had to say:

Amazon flipped from being the largest detractor from portfolio performance in the March 2021 quarter, to one of the leading contributors in the June 2021 quarter. We took advantage of negative near-term sentiment in the March 2021 quarter to add to our Amazon investment. We continue to view Amazon as one of the best positioned businesses globally, with its share price still not reflecting fair value.”

You can also take a peek at the 10 High Yield Dividend ETFs to Buy Now and 15 Largest Materials Companies in the US.

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