5 Best Wide Moat Stocks to Buy According to Hedge Funds

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

Number of Hedge Fund Holders: 269

Amazon.com, Inc. (NASDAQ:AMZN) has substantial scale in e-commerce that’s very difficult for all but the largest retailers to compete with. As of June 2022, Amazon.com, Inc. (NASDAQ:AMZN) had 37.8% of the U.S. e-commerce market which allows the company to realize substantial revenues that management then uses a meaningful percentage to invest in technology and further building its brand.

With better technology and a greater brand, Amazon.com, Inc. (NASDAQ:AMZN) could realize even more profits in the long term.