Billionaire Stanley Druckenmiller Just Loaded Up on Amazon Stock. Should You Follow?

Stanley Druckenmiller and his Duquesne Family Office has been a great hedge fund for investors to track. Because it has more than $100 million in assets, it is required to report holdings to the Securities and Exchange Commission at the end of each quarter. Then, 45 days later, that information is released to the public in a form 13F so observers can track its moves.In the fourth quarter, Druckenmiller opened a new position in Amazon (NASDAQ: AMZN). Prior to the fourth quarter, he didn't own any Amazon shares. However, the fund bought $72 million worth of shares in the quarter, making it around 2% of the total portfolio value. I think this is a great move because Amazon has a ton going for it right now.When you hear Amazon, the first thing that pops into your mind is likely to be its e-commerce platform. This is the most public-facing part of the business, but I think there are far better reasons to own the stock.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool