Diversify Advisory Services, LLC Reduces Amazon Stake in Latest 13F Filing
Diversify Advisory Services, LLC Reduces Amazon Stake in Latest 13F Filing
In its latest SEC 13F filing, Diversify Advisory Services, LLC revealed a reduction in its position in Amazon (NASDAQ: AMZN). The firm sold 5,210 shares of the e-commerce giant, maintaining the overall weight of Amazon in its portfolio at 4.05%. Despite this adjustment, Amazon remains a significant holding for the firm, with a market value of $62.92 million.
A Closer Look at the Trade
The reduction in Amazon shares aligns with a broader trend of portfolio rebalancing. Diversify Advisory Services, LLC's decision to sell 5,210 shares represents a notable adjustment, though the percentage change in the position size remains at 0.0%. Amazon, a leader in the Commerce sector, continues to be a cornerstone of many institutional portfolios due to its dominance in e-commerce and cloud computing.
The current holding represents approximately 4.05% of the firm's portfolio, reflecting its strategic importance. However, the institution does not hold a significant portion of Amazon's total outstanding shares, with ownership at 0.0%.
Why is Diversify Advisory Services, LLC Adjusting Its Amazon Position?
Portfolio adjustments like this often reflect a combination of market conditions, valuation considerations, and broader investment strategies. For Amazon, recent developments in the Commerce industry, competitive dynamics, or changes in growth projections may have influenced this decision.
How Much of Amazon Does Diversify Advisory Services, LLC Own?
As of the latest filing, Diversify Advisory Services, LLC holds Amazon shares worth $62.92 million, representing a modest but meaningful allocation within its portfolio. The holding accounts for 4.05% of the firm's total portfolio value.
Portfolio Impact
This move indicates a slight shift in the firm's overall portfolio composition, potentially aimed at diversifying risk or reallocating capital to other opportunities. With Amazon still representing a significant allocation, Diversify Advisory Services, LLC remains committed to the Commerce sector while exploring other avenues for growth.
For further insights into Diversify Advisory Services, LLC's investment strategies and to view their complete portfolio, view Diversify Advisory Services, LLC’s full real-time portfolio and historical 13F data here.