US Markets
Home›US Markets›M&A & Deals›Druckenmiller and Wood both add to Amazon and Alphabet…
Druckenmiller and Wood both add to Amazon and Alphabet stakes
Amazon’s AWS grew 37% year over year in the second quarter, and operating margin rose to about 39.4% even as free cash flow was negative on a trailing-twelve-month basis.
Yahoo Finance reports that both Cathie Wood’s ARK Investment Management and Stanley Druckenmiller’s Duquesne Family Office added to their stakes in Amazon and Alphabet based on second-quarter 13F filings.
Duquesne increased its Amazon stake by 1,083% to 541,600 shares worth $129 million. ARK boosted its Amazon position by 18% to about 1.59 million shares worth $379 million, representing 2.46% of its portfolio. For Alphabet, Druckenmiller opened a new position of 336,300 shares worth $120 million, or 2.31% of his portfolio, while Wood raised her Alphabet stake by 45% to about 1.04 million shares worth $369 million.
The article says supporters of Amazon point to AWS momentum, including 37% year-over-year growth in the second quarter, the fifth consecutive quarter of accelerating growth, and a backlog of $496 billion that rose by $130 billion in a single quarter. It also highlights that AWS operating margin increased to about 39.4%, up 6.5 percentage points year over year, which management attributed to efficiency gains, better capacity management, and fixed-cost control.
Bears counter that Amazon’s free cash flow turned negative in the recent quarter, with a $7.6 billion trailing-twelve-month outflow, according to the piece. The company also raised its capex guidance for 2026 to $220 billion from $200 billion and said it still expects insufficient capacity to meet demand this year or next, keeping spending elevated.