Top 5 Tech Stock Picks of Adam Parker’s Center Lake Capital

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

Center Lake Capital’s Stake Value: $68,803,000

Percentage of Center Lake Capital’s 13F Portfolio: 9.89%

Number of Hedge Fund Holders: 271

Amazon.com, Inc. (NASDAQ:AMZN) is an immensely popular tech stock according to Adam Parker’s Center Lake Capital. The American multinational tech corporation is focused on e-commerce, cloud computing, digital streaming, and artificial intelligence. 

Parker’s Center Lake Capital, as of the end of the second quarter, owns stakes worth $68.8 million in Amazon.com, Inc. (NASDAQ:AMZN), making up 9.89% of Parker’s 13F portfolio. 

Amazon.com, Inc. (NASDAQ:AMZN) is the most popular tech stock amongst the smart money. Of the hedge funds tracked by Insider Monkey, 271 funds were bullish on Amazon.com, Inc. (NASDAQ:AMZN) at the end of June, up from 243 in the previous quarter. 

Credit Suisse analyst Stephen Ju kept an Outperform rating on the stock on October 22, while lowering the price target from $4700 to $4200.

Worm Capital LLC mentioned Amazon.com, Inc. (NASDAQ:AMZN) in its Q3 2021 investor letter. Here is what they said: 

“Our core portfolio as of this writing—TSLA, SPOT, SHOP, ABNB, and AMZN—are all premier examples of companies that use the concept of aggregation of marginal gains to continuously improve their value proposition for customers. After all, what is innovation if not just a continuous search for fractional advantages in business?
Amazon, for instance, accumulates marginal gains by compressing their costs year after year for consumers, creating an infrastructure and logistics network unrivaled by its peers. In the short-term, the market can often misunderstand the intentions of the “marginal gain accumulators,” but over time, their value-creation becomes obvious in hindsight.”