AMZN
LONGSHORTINSIDER SELLCONGRESS BUYCONGRESS SELLAMAZON COM INC
Research: Finviz ↗·Perplexity ↗
🗄 Viewing archived Q1 2026 data — frozen, no longer refreshed.
News Summary
NeutralAmazon delivered exceptional Q2 earnings (EPS $5.75 vs. $1.82 consensus) with 20% revenue growth and AWS surging 37% to $42.2B, though results were significantly boosted by a $53.4B Anthropic investment gain. However, Q3 guidance disappointed, CapEx was raised to $220B annually amid AI infrastructure spending, free cash flow turned negative (-$7.6B TTM), and the company faces multiple regulatory headwinds including an imminent FTC antitrust trial.
Red flags
- •Q3 2026 guidance ($197-202B) came in below analyst expectations despite strong Q2 beat
- •Free cash flow turned negative at -$7.6B TTM due to massive CapEx acceleration ($54.2B in Q3 alone)
- •CapEx guidance raised to $220B for 2026 (from $200B), representing unsustainable capital intensity and execution risk
- •FTC antitrust trial scheduled with 'Project Nessie' allegations could result in material operating restrictions
- •Q2 EPS beat heavily dependent on $53.4B Anthropic investment gain — underlying operating performance less clear
- •16,000 layoffs announced under 'Project Dawn' along with prior cuts (28,000-30,000 total) signal efficiency concerns despite AI claims
- •EU Digital Markets Act restrictions on data usage and Buy Box presentation may constrain advertising and marketplace growth
- •AWS backlog at $496B is strong but EU regulatory changes threaten government contract access
Funds Buying (5)
| Fund | Manager | Shares Held | ∆ Shares | Position Value | % of Fund | QoQ | Status |
|---|---|---|---|---|---|---|---|
| Pershing Square | Bill Ackman | 11.5M | +1.8M | $2.4B | 17.4% | +19% | Existing |
| Appaloosa LP | David Tepper | 4.3M | +2.1M | $900M | 15.2% | +98% | Existing |
| Baupost Group | Seth Klarman | 3.1M | +997K | $650M | 12.7% | +47% | Existing |
| D1 Capital | Dan Sundheim | 1.8M | +467K | $376M | 3.4% | +35% | Existing |
| Glenview Capital | Larry Robbins | 1.1M | +150K | $221M | 6.0% | +17% | Existing |
Shares Held and Position Value reflect total quarter-end holdings. ∆ Shares is the change from the prior quarter. % of Fund is the position's share of the fund's reported equity portfolio — it drives the size weighting in the conviction score.
Portfolio Context
Where AMZN ranks in each buying fund's book, and the positions immediately around it. What a holding sits next to often says more about the thesis than the position size does.
position #1 of this fund's book
- 1AMAZON COM INC$900M
- 2MICRON TECHNOLOGY INC$563M
- 3ALPHABET INC$497M
- 4UBER TECHNOLOGIES INC$456M
position #1 of this fund's book
- 1AMAZON COM INC$650M
- 2RESTAURANT BRANDS INTL INC$597M
- 3WESCO INTL INC$393M
- 4UNION PAC CORP$374M
position #2 of this fund's book
- 1BROOKFIELD CORP$2,416M
- 2AMAZON COM INC$2,385M
- 3UBER TECHNOLOGIES INC$2,155M
- 4MICROSOFT CORP$2,093M
- 5RESTAURANT BRANDS INTL INC$1,674M
position #4 of this fund's book
- 1CVS HEALTH CORP$589M
- 2GLOBAL PMTS INC$428M
- 3TENET HEALTHCARE CORP$288M
- 4AMAZON COM INC$221M
- 5TEVA PHARMACEUTICAL INDS LTD$201M
- 6THE CIGNA GROUP$133M
- 7ADVANCED MICRO DEVICES INC$132M
position #8 of this fund's book
- 5FLOWSERVE CORP$432M
- 6US FOODS HLDG CORP$395M
- 7CLEAN HARBORS INC$384M
- 8AMAZON COM INC$376M
- 9NU HLDGS LTD$372M
- 10THERMO FISHER SCIENTIFIC INC$356M
- 11SOMNIGROUP INTERNATIONAL INC$347M
Values are quarter-end position sizes. Shown only for funds where AMZN ranks inside their 40 largest equity positions — below that, neighbouring names carry no signal. Adjacency is an inference about a fund's reasoning, not a disclosure of it.
Funds Reducing / Exiting (4)
| Fund | Manager | Shares Held | ∆ Shares | Position Value | % of Fund | QoQ | Status |
|---|---|---|---|---|---|---|---|
| Viking Global | Andreas Halvorsen | 1.2M | -1,931,509 | $249M | 1.9% | -62% | Existing |
| Duquesne Family Office | Stanley Druckenmiller | 46K | -691,720 | $10M | 4.0% | -94% | Existing |
| Berkshire Hathaway | Warren Buffett | 0 | −2.3M | — | 0.2% | -100% | EXITED |
| Lone Pine Capital | Steve Mandel | 0 | −2.4M | — | 4.1% | -100% | EXITED |
Shares Held reflects quarter-end positions for partial reductions. Funds that fully exited show 0 shares held. ∆ Shares is the change from the prior quarter. % of Fund is the prior-quarter position size — how much of the book was sold down.
Signal History
| Quarter | Direction | Funds | Score | vs SPY |
|---|---|---|---|---|
| Q2 2026 | LONG | 10 | 16.28 | +7.0% |
| Q1 2026 | SHORT | 4 | 4.70 | +6.4% |
| Q1 2026 | LONG | 5 | 7.50 | +6.4% |
Same issuer appearing in consecutive quarters — persistent institutional conviction. Returns are frozen at each archived quarter's last refresh.
Insider Activity
| Name | Title | Type | Shares | Price | Value | Filed | Src |
|---|---|---|---|---|---|---|---|
| BEZOS JEFFREY P | Executive Chair | SELL | 1.2M | $286.41 | $346.45M | 2026-08-03 | ↗ |
| Herrington Douglas J | CEO Worldwide Amazon Stores | SELL | 1K | $278.39 | $0.28M | 2026-08-03 | ↗ |
| Herrington Douglas J | CEO Worldwide Amazon Stores | SELL | 1K | $239.77 | $0.24M | 2026-07-01 | ↗ |
| Herrington Douglas J | CEO Worldwide Amazon Stores | SELL | 1K | $266.19 | $0.27M | 2026-06-01 | ↗ |
| Zapolsky David | Senior Vice President | SELL | 9K | $268.53 | $2.49M | 2026-05-22 | ↗ |
| Jassy Andrew R | President and CEO | SELL | 300 | $265.61 | $0.08M | 2026-05-21 | ↗ |
| Garman Matthew S | CEO Amazon Web Services | SELL | 4K | $261.93 | $1.12M | 2026-05-21 | ↗ |
| Garman Matthew S | CEO Amazon Web Services | SELL | 5K | $263.18 | $1.20M | 2026-05-21 | ↗ |
| Garman Matthew S | CEO Amazon Web Services | SELL | 4K | $264.03 | $0.97M | 2026-05-21 | ↗ |
| Garman Matthew S | CEO Amazon Web Services | SELL | 3K | $264.95 | $0.67M | 2026-05-21 | ↗ |
| Garman Matthew S | CEO Amazon Web Services | SELL | 433 | $265.64 | $0.12M | 2026-05-21 | ↗ |
| Herrington Douglas J | CEO Worldwide Amazon Stores | SELL | 4K | $261.88 | $1.10M | 2026-05-21 | ↗ |
| Herrington Douglas J | CEO Worldwide Amazon Stores | SELL | 1K | $263.12 | $0.36M | 2026-05-21 | ↗ |
| Herrington Douglas J | CEO Worldwide Amazon Stores | SELL | 800 | $263.85 | $0.21M | 2026-05-21 | ↗ |
| Zapolsky David | Senior Vice President | SELL | 2K | $261.96 | $0.42M | 2026-05-21 | ↗ |
| Zapolsky David | Senior Vice President | SELL | 2K | $263.17 | $0.51M | 2026-05-21 | ↗ |
| Zapolsky David | Senior Vice President | SELL | 2K | $264.12 | $0.43M | 2026-05-21 | ↗ |
| Zapolsky David | Senior Vice President | SELL | 1 | $265.72 | $0.00M | 2026-05-21 | ↗ |
| Reynolds Shelley | Vice President | SELL | 2K | $261.83 | $0.42M | 2026-05-21 | ↗ |
| Reynolds Shelley | Vice President | SELL | 463 | $263.25 | $0.12M | 2026-05-21 | ↗ |
| Reynolds Shelley | Vice President | SELL | 300 | $263.99 | $0.08M | 2026-05-21 | ↗ |
| Zapolsky David | Senior Vice President | SELL | 1K | $265.12 | $0.27M | 2026-05-21 | ↗ |
| Jassy Andrew R | President and CEO | SELL | 5K | $261.95 | $1.36M | 2026-05-21 | ↗ |
| Jassy Andrew R | President and CEO | SELL | 5K | $263.10 | $1.38M | 2026-05-21 | ↗ |
| Jassy Andrew R | President and CEO | SELL | 6K | $263.95 | $1.50M | 2026-05-21 | ↗ |
| Jassy Andrew R | President and CEO | SELL | 4K | $264.97 | $0.95M | 2026-05-21 | ↗ |
| Garman Matthew S | CEO Amazon Web Services | SELL | 3K | $261.79 | $0.89M | 2026-05-15 | ↗ |
| Garman Matthew S | CEO Amazon Web Services | SELL | 6K | $262.85 | $1.62M | 2026-05-15 | ↗ |
| Garman Matthew S | CEO Amazon Web Services | SELL | 2K | $263.57 | $0.51M | 2026-05-15 | ↗ |
| Herrington Douglas J | CEO Worldwide Amazon Stores | SELL | 1K | $261.74 | $0.27M | 2026-05-15 | ↗ |
| Herrington Douglas J | CEO Worldwide Amazon Stores | SELL | 2K | $262.73 | $0.55M | 2026-05-15 | ↗ |
| Herrington Douglas J | CEO Worldwide Amazon Stores | SELL | 600 | $263.57 | $0.16M | 2026-05-15 | ↗ |
| Jassy Andrew R | President and CEO | SELL | 31K | $275.00 | $8.62M | 2026-05-04 | ↗ |
| Herrington Douglas J | CEO Worldwide Amazon Stores | SELL | 28K | $275.00 | $7.56M | 2026-05-04 | ↗ |
| Herrington Douglas J | CEO Worldwide Amazon Stores | SELL | 1K | $265.65 | $0.27M | 2026-05-01 | ↗ |
| RUBINSTEIN JONATHAN | — | SELL | 4K | $273.02 | $1.01M | 2026-04-30 | ↗ |
| RUBINSTEIN JONATHAN | — | SELL | 4K | $260.00 | $1.00M | 2026-04-24 | ↗ |
| Jassy Andrew R | President and CEO | SELL | 31K | $255.00 | $7.91M | 2026-04-17 | ↗ |
| Herrington Douglas J | CEO Worldwide Amazon Stores | SELL | 21K | $245.00 | $5.02M | 2026-04-14 | ↗ |
| Herrington Douglas J | CEO Worldwide Amazon Stores | SELL | 1K | $210.50 | $0.21M | 2026-04-01 | ↗ |
Congressional Trading
| Member | Chamber | State | Type | Amount Range | Transaction Date | Filed | Src |
|---|---|---|---|---|---|---|---|
| Matthew Robert Van Epps | house | TN07 | SELL | $1,001 - $15,000 | 2026-06-16 | 2026-06-17 | ↗ |
| Daniel Crenshaw | house | TX02 | SELL | $1,001 - $15,000 | 2026-06-01 | 2026-07-16 | ↗ |
| Alan Armstrong | senate | — | BUY | $15,001 - $50,000 | 2026-03-27 | 2026-07-21 | ↗ |
Periodic Transaction Reports filed under the STOCK Act. Amounts are disclosed as ranges, not exact dollar figures.