Amazon’s Annual Letter Will Comfort These Top Institutional Shareholders

CEO Jeff Bezos of Amazon.com (NASDAQ:AMZN) issued the annual letter to shareholders, which addressed certain concerns such as the accusations that Amazon was being run as a “charitable” organization for the benefit of consumers. In response, Bezos noted that the brand reputation will continue to outweigh short-term swings in Amazon’s share price. ”I think long-term thinking squares the circle,” he said.

These institutional firms indicated owning shares of Amazon.com Inc. in Q1 2013. They reported owning a total of 3.763 million shares on 03/31/2013. The shares closed at $266.49 on 03/31/2013.

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Here are the ten largest positions in Amazon.com Inc. at the end of March 31st, 2013.

Fisher Asset Management LLC held 2,402,344 shares on 03/31/2013 worth $640,201,000. This brought the portfolio total to 1.7%.

John W. Bristol & Co. Inc. held 493,011 shares on 03/31/2013 worth $131,383,000. This brought the portfolio total to 2.39%.

Atalanta Sosnoff Capital LLC held 374,010 shares on 03/31/2013 worth $99,670,000. This brought the portfolio total to 2.34%.

British Columbia Investment Management Corp. held 201,715 shares on 03/31/2013 worth $53,755,000. This brought the portfolio total to 0.62%.

Sumitomo Mitsui Asset Management Company LTD held 51,531 shares on 03/31/2013 worth $13,732,000. This brought the portfolio total to 0.4%.

BB&T Corp. held 42,029 shares on 03/31/2013 worth $11,200,000. This brought the portfolio total to 0.46%.

First Citizens Bank & Trust Co. held 38,359 shares on 03/31/2013 worth $10,222,000. This brought the portfolio total to 0.32%.

Advantus Capital Management Inc. held 30,774 shares on 03/31/2013 worth $8,200,963. This brought the portfolio total to 0.36%.

Wolverine Asset Management LLC held 23,306 shares on 03/31/2013 worth $6,210,000. This brought the portfolio total to 0.16%.

Chesley Taft & Associates LLC held 19,591 shares on 03/31/2013 worth $5,221,000. This brought the portfolio total to 0.61%.

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