Institutional investors adjust stakes in Starbucks and Amazon

Wealthfront Advisers LLC acquired 97,828 shares of Starbucks Corporation during the second quarter, a position valued at approximately $9,997,000. Other institutional activity includes Norges Bank acquiring a new stake in Starbucks in the fourth quarter valued at roughly $1.23 billion, while Jefferies Financial Group Inc. and Swiss Life Asset Management Ltd both increased their holdings.

In separate institutional movements, Wealthcare Advisory Partners LLC reduced its stake in Amazon.com, Inc. by 10.4% during the second quarter, leaving the firm with 110,006 shares. Conversely, Norges Bank established a significant new position in Amazon during the fourth quarter valued at approximately $32.87 billion, and Auto Owners Insurance Co increased its holdings by over 27,000% during the same period.