Local Pensions Partnership Investment 13F: Cuts AMZN Stake by $6.4M
Key Points
- Local Pensions Partnership Investment's recent filing shows a reduction of 25,700 shares in Amazon.com, valued at approximately $6.4 million.
- Local Pensions Partnership Investment held 1,167,390 $AMZN shares at quarter end, down 2.15% from the prior quarter.
- The fund’s holding in Amazon now represents 9.03% of its total reported value of about $3.22 billion.
- As of October 27, 2026, Amazon shares were recently trading around $249.01, which is about 0.4% above the event close of $248.00 on October 23.
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On October 26, 2026, Local Pensions Partnership Investment trimmed its stake in Amazon.com, Inc. by 25,700 shares, bringing its total to 1,167,390 shares valued at approximately $290.9 million. This information comes from the fund's latest Form 13F filing with the SEC.
Local Pensions Partnership's reduction in its Amazon position reflects a 2.15% decrease from its previous holding of 1,193,090 shares. The total reported value of the fund's investments is about $3.22 billion, with Amazon representing 9.03% of that.
AMZN
Amazon.com, Inc.
Where Amazon.com Fits in Local Pensions Partnership's Portfolio
Amazon is the fourth-largest holding in Local Pensions Partnership's portfolio. The recent trim represents a decrease in its Amazon stake, which is now estimated to have gained about 0.4% versus its cost basis.
Other Institutional Activity in Amazon.com
Gf Fund Management increased its holdings in Amazon by 161,459 shares, bringing its total to 1,402,691 shares valued at approximately $349.5 million. In contrast, Marathon Asset Management reduced its stake by 94,715 shares, now holding 332,912 shares worth about $82.9 million. First Horizon cut its position by 2,013 shares, leaving it with 98,601 shares valued at around $24.6 million.
Amazon.com, Inc. Stock Up 0.4%
As of October 27, 2026, Amazon shares traded recently around $249.01, which is about 0.4% above the closing price of $248.00 on October 23. The stock is currently below its 50-day moving average of $255.38 but above its 200-day average of $243.31.
Recent Earnings
Amazon reported trailing twelve-month revenue of approximately $775.7 billion, with an EPS of $12.43. The next earnings report is scheduled for October 29, 2026.
Earnings drift grade
Outlook vs expectations on the last report — not price action.
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Forward outlook
23 analysts raised price targets.
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EPS & revenue
EPS missed estimates by 3.6%. Revenue met estimates.
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Profit surprise
EBITDA beat by 31 percent. Operating income beat by 90 percent.
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Pre-earnings setup
Bar was high, analysts already very bullish.
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Analyst signal
23 target raises.
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Earnings quality
Gross margin up 1.3 points. Operating margin up 1.3 points. Positive free cash flow.
Earnings Call Summary
Amazon had a strong first quarter with $181.5 billion in revenue and record 13.1 percent operating margin. Cloud computing services grew 28 percent year over year, the fastest pace in 15 quarters, driven by artificial intelligence demand. The company is investing tens of billions in data centers and chips, expecting these upfront costs to deliver strong returns in future years as customers pay for the capacity.
Guidance Amazon expects second quarter sales between $194 billion and $199 billion, up from first quarter's $181.5 billion. Operating income should reach $20 billion to $24 billion as the company invests heavily in artificial intelligence and new satellites for the Amazon LEO business.
Slightly positive report. The quarter was acceptable, but the forward setup is not strong.
Insider Buying and Selling at Amazon.com, Inc.
Several insiders sold shares earlier this year. Matthew S. Garman, an officer, sold 14,541 shares on August 21, 2026, valued at about $3.77 million. David A. Zapolsky, another officer, sold 15,430 shares on August 24, 2026, totaling around $4.00 million.
Analysts Set New Price Targets
On October 26, 2026, UBS maintained a Buy rating on Amazon with a price target of $348, up from a prior target of $318. Other firms like Wells Fargo and Cantor Fitzgerald also maintain Overweight ratings with targets of $329 and $310, respectively.
About Amazon.com
Amazon.com, Inc. is a major player in the retail sector, providing a wide range of consumer products, advertising, and subscription services through its online and physical stores. It operates in North America and internationally, and its diverse offerings include electronic devices and cloud services through Amazon Web Services (AWS).
Bottom Line
Investors should keep an eye on Amazon's upcoming earnings report on October 29, 2026, as well as further institutional activity in the stock. The recent trim by Local Pensions Partnership Investment reflects ongoing adjustments in its portfolio strategy.
Related Filing Alerts
Source: Local Pensions Partnership Investment's 13F filing on $AMZN (Oct 26, 2026). 13F filings show holdings as of the end of the reporting quarter and may not reflect the fund's current position. Written by software, not financial advice. How we make alerts