Prominent investors rekindle affection for Amazon in Q2 as stock price jumps

Several prominent investors including hedge fund Baupost Group and mutual fund giant Fidelity bought or increased their holdings in retailer Amazon.com during the second quarter as its stock surge helped fuel Wall Street’s rally.

Baupost Group owned 963,946 shares in Amazon on June 30, according to a regulatory filing made late on Friday. Soros Fund Management owned 769,061 Amazon shares at the end of the second quarter, representing an increase of more than 8% in its holdings. And Senator Investment Group boosted its ownership by 35% to hold 440,000 shares at the end of the quarter, their filing showed.