Billionaire David Tepper’s Investment Strategy and 5 Favorite Stocks

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

Appaloosa Management’s Q1 2023 Investment: $206.5 million

Share Price Gains Since March 2023: 23%

Amazon.com, Inc. (NASDAQ:AMZN) is the largest electronic commerce firm in the world. Despite its mega cap status, the firm’s shares are rated as Strong Buy on Average. All of the six latest analyst notes covering the shares have rated them as Buy or Overweight.

243 of the 943 hedge funds surveyed by Insider Monkey for their Q1 2023 shareholdings had bought Amazon.com, Inc. (NASDAQ:AMZN)’s shares. Among these, Mr. Tepper’s hedge fund owned two million shares that are worth $206.5 million, while the largest shareholder is Ken Fisher’s Fisher Asset Management with a $4.2 billion stake.

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