Hedge Fund Manager Louis Bacon’s Top 5 Stock Picks

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

Moore Capital Management Q2 2023 Holdings: $217.25 Million
Number of Hedge Fund Holders: 278

Amazon.com, Inc. (NASDAQ:AMZN) remains hedge fund manager Louis Bacon’s top stock pick as it is in the process of unlocking a new $100 billion business opportunity. Amazon plans to open up its logistics network to third parties that will see it become a freight and shipping juggernaut, according to Bloomberg. The stock is already up by over 50% for the year, benefiting from the artificial intelligence boom and improving fundamentals.

Amazon.com, Inc. (NASDAQ:AMZN) had 278 hedge funds as shareholders in Q2 2023, with a combined stake worth $34.9 billion. The largest stakeholder was Harris Associates, with a stake valued at $2.04 billion.

Follow Amazon Com Inc (NASDAQ:AMZN)

[/company-follow-email]