Value investing icon Seth Klarman's Baupost Group increased its holdings in Amazon.com Inc. by 20.04% during the second quarter of 2026, according to a recent SEC filing. The purchase of over 620,000 shares elevated Amazon to the fund's top position, representing 16.48% of its reported portfolio. This move raised Baupost's total investment in the e-commerce and cloud computing giant to 3.74 million shares, valued at approximately $892.3 million as of June 30.
Investors monitor 13F filings for insights into the strategies of prominent money managers, though it's important to remember these reports are released with a delay and reflect positions held at the end of the previous quarter. During the period of Baupost's increased investment, Amazon reported strong Q2 financial results, with a 20% increase in net sales and significant growth in its AWS cloud division.