5 Best Large-Cap Stocks to Buy According to Columbus Hill Capital Management

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

Columbus Hill Capital Management’s Stake Value: $62,783,000
Percent of Columbus Hill Capital Management’s 13F Portfolio: 7.5%
Number of Hedge Fund Holders: 271

Amazon.com, Inc. (NASDAQ:AMZN) announced its Q3 earnings on October 28 and reported revenue of $110.8 billion, up 15.3% from the prior-year quarter. The company’s online net sales stood at $49.9 billion.

As of Q2, Columbus Hill owns 18,250 shares in Amazon.com, Inc. (NASDAQ:AMZN), worth $62.7 million. The company represents 7.5% of the hedge fund’s 13F portfolio. Recently, Truist lifted its price target on Amazon.com, Inc. (NASDAQ:AMZN) to 4,000, with a Buy rating on the shares, appreciating the company’s third-party sales and advertising segment.

Of the 873 hedge funds, 271 hedge funds tracked by Insider Monkey were bullish on Amazon.com, Inc. (NASDAQ:AMZN), up from 243 in the previous quarter. The total value of these stakes is over $60.4 billion.

Polen Capital mentioned Amazon.com, Inc. (NASDAQ:AMZN) in its Q3 2021 investor letter. Here is what the firm has to say:

“Amazon has also lagged as its revenue growth is slowing on the very difficult comparisons from last year when this behemoth was growing revenue by over 40%. We still expect exceptional long-term growth and significant margin expansion as the fastest growing (and now large) segments of Amazon are also generating the highest margins.”

You can also take a look at 10 Large-Cap Stocks to Buy According to Anand Parekh’s Alyeska Investment Group and 15 Best Long-Term Stocks To Buy Now

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