Concentrated value investor David Rolfe of Wedgewood Partners significantly increased his firm's stake in Amazon (AMZN) during the second quarter of 2026. According to its latest 13F filing, the firm purchased an additional 35,530 shares, a 35.57% increase to its holding. This raised the total position to 135,440 shares, valued at approximately $32.28 million as of the end of the quarter, making it a 6.66% position in the firm's portfolio.
This ownership data was disclosed on August 14 but reflects trades made between April 1 and June 30. During that quarter, Amazon reported strong financial results, with revenues growing 20% to $200.6 billion. A key driver was the accelerated growth of Amazon Web Services (AWS), which saw a 36.7% revenue increase, its fastest in over four years, signaling strong momentum in its cloud and AI segments.