5 Best Stocks To Invest In According To Brennan Diaz’s Fernbridge Capital Management

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

Fernbridge Capital Management’s Stake Value: $81.18 million
Percentage of Fernbridge Capital Management’s 13F Portfolio: 9.9%
Number of Hedge Fund Holders: 271

Amazon.com, Inc. (NASDAQ:AMZN) is a multinational company that specializes in e-commerce, cloud computing, digital streaming and artificial intelligence. The company is placed third on our list of the 10 best stocks to invest in according to Brennan Diaz’s Fernbridge Capital Management.

On October 5, JPMorgan analyst Doug Anmuth reiterated an Overweight rating on Amazon.com, Inc. (NASDAQ:AMZN) alongside a $4,100 price target on its shares.

According to the Q2 2021 securities filings, Brennan Diaz’s Fernbridge Capital Management holds 23,599 shares in Amazon.com, Inc. (NASDAQ:AMZN), worth more than $81.18 million, representing 9.9% of the investment firm’s portfolio value.

There were 271 hedge funds in our database that held stakes in Amazon.com, Inc. (NASDAQ:AMZN) worth $60.49 billion in the second quarter of 2021, compared to 243 funds in the first quarter with total stakes amounting to approximately $50.4 billion.

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

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.”