Debunking Ken Fisher: Performance, Fees, Net Worth

1. Amazon.com, Inc. (NASDAQ:AMZN)

Amazon.com, Inc. (NASDAQ:AMZN) was Fisher’s second-largest holding at the end of the second quarter, in which the fund cut its stake by 16% to 1.70 million shares worth $1.65 billion. The eCommerce giant’s stock has had a great run, amid the strong growth registered by the company. Amazon.com, Inc. (NASDAQ:AMZN)’s cloud platform, AWS, is the market leader, with a share of 34%, trailed by a far margin by Microsoft Corporation (NASDAQ:MSFT) with a share of 11%, according to Synergy Research. Amazon.com, Inc. (NASDAQ:AMZN) has also acquired Whole Foods, which allows it to compete in the grocery retail business, where it has all the resources to stay ahead of competition, and which it can use to expand its Prime membership and offer grocery deliveries cheaper and faster. At the end of June, Amazon.com, Inc. (NASDAQ:AMZN) was the second most-popular stock among the funds we track at Insider Monkey, with 132 investors long the stock, up from 129 funds a quarter earlier.

Follow Amazon Com Inc (NASDAQ:AMZN)