Institutional investment activity in Amazon stock

During the second quarter of 2026, institutional investors showed significant activity regarding Amazon stock. Thiel Macro LLC, a fund linked to Peter Thiel, rebuilt its U.S. equity portfolio to over $400 million, with Amazon representing its largest single position at approximately $120 million. Thiel Macro’s strategy heavily concentrated on the intersection of energy and technology, dedicating roughly 72% of its portfolio to power and energy-related companies.

Other major hedge fund managers also adjusted their positions in the company. While billionaire-led funds managed by Peter Thiel and David Tepper increased their holdings, Soros Fund Management reduced its position in Amazon by approximately 40%. Despite this reduction, Amazon remains the top position in George Soros’s $8.14 billion portfolio.

This investor interest coincides with Amazon’s heavy investments in artificial intelligence and cloud infrastructure. The company expects to spend $220 billion on data center construction in 2026, following strong performance from Amazon Web Services (AWS), which reported a 37% year-over-year revenue growth and a 64% increase in operating income during the second quarter.