Billionaire DE Shaw’s Top 5 Stock Picks

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

DE Shaw’s Stake Value:  $1.3 billion

Percentage of DE Shaw’s 13F Portfolio: 1.11%

Number of Hedge Fund Holders: 271

New indications by DE Shaw state that the hedge fund owned 374 thousand shares in the firm at the end of the second quarter, with a worth of $1.288 billion, amounting to 1.11% of the portfolio, increasing the fund’s stakes in the company by 11%.

Revenue of Amazon.com, Inc. (NASDAQ:AMZN) was $113 billion, in contrast to the first quarter’s $108.52 billion.

During the second quarter, 271 hedge funds out of the 873 funds tracked by Insider Monkey held stakes in the multinational worth $60.5 billion while there were 243 hedge funds with $50.4 billion worth of stakes in the previous quarter.

Here is what L1 Capital has to say about Amazon.com, Inc. in its Q2 2021 investor letter:

“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.”