Dennis Hong's ShawSpring Partners reduced its position in Amazon (AMZN) by 15.81% during the second quarter of 2026, according to a recent SEC filing. The firm sold an estimated $7.03 million worth of shares, bringing its total holding to 157,020 shares valued at $37.42 million as of June 30. Despite the sale, Amazon remains a significant holding for the investment firm, with its portfolio weight increasing from 14.51% to 16.13%.
It is important to note that 13F filings are submitted to the SEC 45 days after the end of a quarter, so this disclosure reflects a portfolio snapshot from June 30, 2026, and not necessarily a current holding. The filing, dated August 14, 2026, does not reveal the specific reasons for the adjustment to their Amazon position.