Billionaire Seth Klarman of Baupost Group Is Piling Into Dual Industry Leader Amazon and Dumping Shares of a High-Flying Chief Rival
In a significant portfolio shift revealed through recent regulatory filings, value investing legend Seth Klarman has initiated a substantial new position in Amazon.com Inc. (AMZN), acquiring over 2.1 million shares to make it the second-largest holding at Baupost Group. This move comes as Klarman reduced exposure to Alphabet Inc. (GOOG), a key player in digital … Read more