John Armitage's Egerton Capital significantly increased its stake in Amazon (AMZN) during the second quarter of 2026, boosting its share count by 51.2%. The firm's position grew from 2.36 million to 3.57 million shares, with the reported market value climbing to $851.7 million. This raised Amazon's weight in Egerton's portfolio from 5.46% to 8.23%, making it one of the fund's largest holdings.
As with all 13F filings, this disclosure reflects trades made in the quarter ending June 30, 2026, and was publicly filed on July 21. The substantial purchase occurred before Amazon reported strong Q2 results on July 30, which featured an unexpected acceleration in its AWS cloud computing division, with revenue for the unit surging 36.7%.