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Third Point trims about 10% of Amazon stake as shares pull back
The trim was roughly 10%, and other large investors increased holdings during the same period, shifting the signal away from a broader loss of confidence.
MarketBeat Ratings says investor Dan Loeb's Third Point trimmed its Amazon.com Inc. stake by about 10% as the stock slid back from record highs.
The outlet frames the change as routine portfolio housekeeping rather than an abrupt bearish call, noting the reduction was not large enough to suggest a wholesale exit, and that Amazon remained one of Third Point’s largest disclosed positions after the sale.
MarketBeat Ratings also points to activity by other major funds, including increases by Seth Klarman’s Baupost fund, tech-focused Coatue Management, and David Tepper’s Appaloosa, presenting a broader picture of institutional appetite rather than retreat.
It concludes that the key question is not the hedge fund move itself, but what has been weighing on Amazon’s shares recently, with the explanation linked to developments around its earnings.