Legendary Value Investor Bill Miller’s Portfolio: Top 5 Stock Picks

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

Miller Value Partners’ Stake Value: $119.1 million

Percentage of Miller Value Partners’ 13F Portfolio: 2.76%

Number of Hedge Fund Holders: 242

Miller Value Partners owned 36,254 Amazon.com, Inc. (NASDAQ:AMZN) shares during the third quarter of this year. This stake was worth $119 million and represented 2.76% of its portfolio. 242 of the 867 hedge funds surveyed by Insider Monkey during the same time period owned the company’s shares.

For its fiscal Q3, Amazon.com, Inc. (NASDAQ:AMZN) disappointed Wall Street for its revenue and GAAP EPS, by missing estimates for both and posting $110 billion and $6.12 in the segments, respectively. Cowen raised the company’s price target to $4,500 in December 2021, stating that growth should accelerate next year.

Ken Fisher’s Fisher Asset Management is Amazon.com, Inc. (NASDAQ:AMZN)’s largest investor according to Insider Monkey’s research. It has a $6.3 billion stake via 1.9 million shares.

Polen Capital mentioned Amazon.com, Inc. (NASDAQ:AMZN) in its Q3 2021 investor letter, outlining that:

“Amazon has also lagged as its revenue growth is slowing on the very difficult comparisons from last year when this behemoth was growing revenue by over 40%. We still expect exceptional long-term growth and significant margin expansion as the fastest growing (and now large) segments of Amazon are also generating the highest margins.”

You can also take a peek at the 10 Best Stocks for Dividends and 10 Cloud Computing Stocks to Buy According to Cathie Wood.

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