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Druckenmiller and Wood both buy Amazon and Alphabet in Q2
Druckenmiller’s Amazon stake rose 1,083% in Q2, while AWS growth accelerated to 37% year over year and operating margin climbed to about 39.4%.
Yahoo Finance reports that both Stanley Druckenmiller and Cathie Wood added positions in Amazon and Alphabet based on Q2 13F filings.
Druckenmiller’s Duquesne ended Q2 with 541,600 Amazon shares worth roughly $129 million, a reported 1,083% increase, while Wood’s ARK raised its Amazon stake 18%, finishing at about 1.59 million shares worth about $379 million.
For Alphabet, Druckenmiller opened a new position of 336,300 shares worth roughly $120 million, about 2.31% of his portfolio, and Wood increased ARK’s stake 45% to about 1.04 million shares worth approximately $369 million.
The article ties the bullish case for Amazon to AWS, noting that cloud revenue grew 37% year over year in Q2, AWS backlog reached $496 billion and the segment’s annualized revenue rate is cited at $169 billion, with AWS operating margin rising to about 39.4%.