Marathon Asset Management 13F: Cuts AMZN Stake by $24M
Key Points
- Marathon Asset Management's recent filing shows a reduction of 94,715 shares in Amazon.com, valued at about $23.6 million.
- After this cut, the fund holds 332,912 shares, making up about 6.57% of its total reported value of $1.26 billion.
- As of October 27, 2026, Amazon trades at $249.01, which is about 0.4% above its closing price of $248.00 on October 23.
Get Amazon.com text alerts
We text you when insiders, Congress, analysts or big funds move on $AMZN.
By entering your mobile number and tapping the sign-up button, you provide express written consent to receive recurring automated text messages from TradeTexts at that number, including stock alerts about SEC filings, insider and congress trades, analyst ratings, hedge fund moves, and earnings results. Consent is not a condition of any purchase. Message frequency varies. Messages are not investment advice. Message and data rates may apply. Reply HELP for help and STOP to opt out at any time. See our Terms and Privacy Policy.
Not investment advice. TradeTexts is not a registered investment adviser, and this automated Amazon.com, Inc. alert may contain errors. Disclosures
Marathon Asset Management cut its stake in Amazon.com, Inc. by 94,715 shares in a filing on October 26, 2026. The value of this reduction is approximately $23.6 million, bringing the fund's total holdings to 332,912 shares worth about $82.9 million.
AMZN
Amazon.com, Inc.
Where Amazon.com Fits in Marathon Asset Management's Portfolio
This position now represents about 6.57% of Marathon's total reported value of $1.26 billion. The cut of 94,715 shares reflects a 22.15% decrease in their position, indicating a strategic shift.
Other Institutional Activity in Amazon.com
Several other funds have adjusted their positions in Amazon recently. Tokio Marine Asset Management added 13,954 shares, bringing its total to 553,585 shares worth about $137.9 million. Gf Fund Management increased its stake by 161,459 shares, totaling 1,402,691 shares valued at approximately $349.5 million. Meanwhile, UniSuper Management trimmed its holdings by 332,104 shares, now holding 3,031,276 shares valued at $755.2 million.
Amazon.com, Inc. Stock Up 0.4%
As of October 27, 2026, Amazon shares recently traded around $249.01, slightly above their closing price of $248.00 on October 23. The stock is currently about 13.3% below its 52-week high of $287.20 and about 27% above its 52-week low of $196.00.
Recent Earnings
Amazon reported trailing twelve-month revenue of approximately $775.7 billion, with a net margin of 17.4%. The next earnings report is scheduled for October 29, 2026.
Earnings drift grade
Outlook vs expectations on the last report — not price action.
-
Forward outlook
23 analysts raised price targets.
-
EPS & revenue
EPS missed estimates by 3.6%. Revenue met estimates.
-
Profit surprise
EBITDA beat by 31 percent. Operating income beat by 90 percent.
-
Pre-earnings setup
Bar was high, analysts already very bullish.
-
Analyst signal
23 target raises.
-
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 recently, including Officer Matthew S. Garman, who sold 14,541 shares on August 21, and Officer David A. Zapolsky, who sold 15,430 shares on August 24. These transactions occurred before the recent cuts by institutional investors.
Analysts Set New Price Targets
On October 26, 2026, UBS maintained a Buy rating on Amazon with a new price target of $348. This follows several other firms, including Tigress Financial and Wells Fargo, which maintained their ratings and targets in previous weeks. The consensus among analysts shows a strong buy recommendation with a mean price target of $332.24.
About Amazon.com
Amazon.com, Inc. is a major player in the retail industry, offering a wide range of consumer products and services through its online and physical stores. The company also provides cloud computing services through Amazon Web Services (AWS) and develops various electronic devices.
Bottom Line
Investors should watch for Amazon's upcoming earnings report on October 29, 2026, to gauge the company's performance amid these institutional shifts. Additionally, Marathon's recent position cut may signal changing strategies as the stock trades below its 200-day moving average.
Related Filing Alerts
Source: Marathon Asset Management'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