Covea Finance Boosts Amazon Stake by 50%

Asset manager adds 167,500 shares of e-commerce giant in Q4

Mar. 24, 2026 at 7:40am

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Covea Finance, a French asset management firm, increased its position in Amazon.com, Inc. (NASDAQ:AMZN) by 50.2% during the fourth quarter, according to a recent 13F filing. The fund now owns 500,899 shares of the e-commerce giant's stock, worth approximately $115.6 million at the end of the reporting period.

Why it matters

Amazon is one of the most widely held and closely watched stocks among institutional investors. Covea Finance's increased stake in the company signals continued confidence in Amazon's growth prospects and dominant position in the e-commerce market.

The details

Covea Finance added 167,500 shares of Amazon to its portfolio in Q4, bringing its total position to 500,899 shares. The asset manager now holds approximately 3.8% of its total investment portfolio in Amazon stock, making it one of the fund's top five holdings.

  • Covea Finance disclosed its increased Amazon stake in a 13F filing for the fourth quarter of 2025.

The players

Covea Finance

A French asset management firm that oversees over $100 billion in client assets.

Amazon.com, Inc.

The e-commerce giant and cloud computing leader, headquartered in Seattle, Washington.

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The takeaway

Covea Finance's increased stake in Amazon underscores the company's status as a must-own stock for many institutional investors. The move highlights Amazon's continued dominance in the e-commerce space and the confidence major funds have in the company's long-term growth potential.