Investment management firm Alphyn Capital Management has released its investor letter for the fourth quarter of 2022. The same can be downloaded from here. The fund posted his 20.4% return in the fourth quarter compared to his 7.6% return for the S&P 500 index. The fund’s return in 2022 was -20.8% compared to -18.1% for the S&P 500 Index. As of December 31, 2022, the top 10 positions accounted for 78% of the portfolio, which held 1% of his in cash. Plus, check out the fund’s top five holdings to see our best picks for 2022.
Alphyn Capital highlighted stocks such as Amazon.com, Inc. (NASDAQ:AMZN) in its fourth quarter investor letter. Headquartered in Seattle, Washington, Amazon.com, Inc. (NASDAQ:AMZN) offers consumer products and subscriptions. On January 30, 2023, Amazon.com, Inc. (NASDAQ: AMZN) stock closed at $100.55 per share. His one-month return for Amazon.com, Inc. (NASDAQ:AMZN) was 19.70% of his, and the company’s stock has lost 32.78% in value over the past 52 weeks. Amazon.com, Inc. (NASDAQ:AMZN) has a market capitalization of $1.26 trillion.
Alphyn Capital made the following comments about Amazon.com, Inc. (NASDAQ:AMZN) in its fourth quarter 2022 investor letter:
“I read a great analysis Amazon.com, Inc. (NASDAQ:AMZN) retail margins are published by In Practice. It is a leading research service that publishes high-quality, well-researched transcripts of interviews with former employees of publicly traded companies.
Their analysis delved into Amazon’s retail operations, an area investors are concerned about. Many worry that the segment will never be profitable and without AWS Amazon wouldn’t be able to make a profit in retail even after 20+ years. The recent increase in capital expenditures and the accompanying decline in free cash flow in the quarter have exacerbated these concerns. Additionally, Amazon’s public financial reporting obscures some details, making it difficult to estimate the retailer’s true margins…” (Click here to read the full story)
Amazon.com, Inc. (NASDAQ:AMZN) ranks second on a list of the 30 most popular hedge funds. According to our database, 269 hedge fund portfolios held his Amazon.com, Inc. (NASDAQ: AMZN) as of the end of the third quarter, compared with 252 last quarter.
We covered Amazon.com, Inc. (NASDAQ:AMZN) in a separate article and shared a list of the world’s most valuable e-commerce companies. Additionally, for investor letters from hedge funds and other leading investors, visit the Hedge Fund Investor Letters Q4 2022 page.
Disclosure: None. This article was originally published on Insider Monkey.