BY CONTINUING TO USE THIS SITE, YOU ARE AGREEING TO OUR USE OF COOKIES. REVIEW OUR PRIVACY & COOKIE NOTICE
X
HOME > OUR THINKING > Corporates > BLOG

Amazon Made This Investor $2.5B In One Day

With Amazon reporting a surprise $79 million in profit in their latest quarterly results, many institutional money managers with substantial positions in the internet giant stood to profit handsomely as the stock jumped 11% in aftermarket trading on October 22. But none fared better than Los Angeles-based asset manager, Capital Research. Several of the funds managed by Capital Research like The Growth Fund of America and American Funds Fundamental Investors are some of the largest current mutual fund holders in Amazon.*  

*Furthermore, Capital Research is the second largest holder of Amazon stock behind Jeff Bezos, when factoring in these two funds and all other reported equity assets by the firm. Overall, Capital Research’s 39.6 million share position in Amazon increased in value by nearly $2.5 billion dollars Thursday afternoon. Perhaps even more impressive about Capital Research’s stock-picking prowess is that Amazon is their single largest portfolio holding. 

*Source: S&P Capital IQ. Data as of Oct 23, 2015.  

Subscribe to Insights