Top 5 Stock Picks of Jason McDougall’s 11 Capital Partners

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

11 Capital Partners’ Stake Value: $42,991,000

Percentage of 11 Capital Partners’ 13F Portfolio: 8.70%

Number of Hedge Fund Holders: 242

Jeff Bezos’ Amazon.com, Inc. (NASDAQ:AMZN) is the most significant holding of 11 Capital Partners, with the hedge fund elevating its position in the company by 20% in Q3 2021, holding 13,087 shares worth roughly $43 million. Amazon.com, Inc. (NASDAQ:AMZN) stock represents 8.70% of the fund’s 13F securities for the period. 

Publishing its Q4 results on February 3, Amazon.com, Inc. (NASDAQ:AMZN) posted earnings per share of $27.75, topping estimates by $24.09. The 137.41 billion revenue jumped 9.44% from the prior-year quarter, but missed estimates by $173.16 million. 

On February 4, after Amazon.com, Inc. (NASDAQ:AMZN) delivered better-than-expected operating income results and guidance, Jefferies analyst Brent Thill said that operating income is likely to improve throughout 2022, as capital spending moderates and the U.S. Prime fees increase. The fourth quarter also represented the fourth consecutive acceleration in Amazon Web Services sales growth, noted the analyst, who kept a Buy rating and a $4,000 price target on Amazon.com, Inc. (NASDAQ:AMZN) shares.

According to Insider Monkey’s third quarter database, 242 hedge funds were bullish on Amazon.com, Inc. (NASDAQ:AMZN), with stakes amounting to $42.5 billion, as compared to 271 funds in the quarter earlier, holding stakes in Amazon.com, Inc. (NASDAQ:AMZN) worth $60.4 billion. Tiger Global Management is one of the leading Amazon.com, Inc. (NASDAQ:AMZN) stakeholders, with 567,870 shares worth $1.86 billion.

Here is what Weitz Investment Management, Inc. has to say about Amazon.com, Inc. (NASDAQ:AMZN) in its Q4 2021 investor letter:

“Several “platform” companies thrived during COVID and have been very strong stocks. In 2021, their businesses continued to thrive, though their stock prices cooled off. Amazon continues to steamroll the competition and grow rapidly, but its stock ended the year about where it began.”

You can also take a look at Michael Burry Stock Portfolio Performance in 2021: 8 Best Picks and Top 10 Stock Picks of Matthew Halbower’s Pentwater Capital Management.

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