Amazon (AMZN) Stock Jumps on Radar as Q2 Filings Show Biggest Hedge Fund Moves
TLDR
- Viking Global tripled its AMZN position to 3.7M shares while Bridgewater cut its stake by more than half in Q2 2026.
- Renaissance Technologies added 2.29M Amazon shares worth around $546M during the quarter.
- Pershing Square reduced its position from 11.5M to 8.6M shares; D1 Capital cut its holding from 1.81M to 628K.
- Amazon posted Q2 revenue of $200.61 billion, up 19.6% year over year, with EPS of $5.75 beating estimates of $1.82.
- Goldman Sachs raised its price target to $375, with the consensus average sitting at $322.56 and a โModerate Buyโ rating.
Amazon (AMZN) stock opened at $262.65 on Monday, sitting well above its 52-week low of $196.00 and below its high of $287.20. The stock carries a market cap of $2.83 trillion and a P/E ratio of 21.13.
Q2 2026 13F filings revealed a divided picture among major hedge funds. Some went big on AMZN, others headed for the exit.
Viking Global was the standout buyer, more than tripling its position from 1.2M to 3.7M shares. Duquesne made an even bolder percentage move, jumping from just 46K shares to 542K.
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