Lee Ainslie's Maverick Capital reduced its position in Amazon by 12.82% during the second quarter of 2026, according to a recent SEC filing. The hedge fund sold approximately 300,000 shares, bringing its total holding to 2.02 million shares valued at $481.66 million as of June 30. It's important to remember that 13F filings are submitted to the SEC quarterly and released with a delay, so this disclosure reflects trading activity that occurred between April and June of this year and is not indicative of the firm's current holdings.
While the specific motive for the trade was not disclosed, Maverick Capital is known for its intensive, bottom-up research approach to stock picking rather than making broad macroeconomic bets. The reduction in the Amazon stake caused the e-commerce and cloud giant's weight in Maverick's reported portfolio to decrease from 5.57% to 4.25%. This trade follows a period where Amazon has been making significant capital expenditures, particularly in the build-out of its AI and cloud computing infrastructure.