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Worm Capital, LLC, an independent investment advisor, released its 2022 yearly investor letter. A copy of the same can be downloaded here. The Long-Only Equity Growth Strategy of the firm returned -64.55% in 2022 compared to the -18.10% return for the S&P 500 TR Index. In addition, you can check the top 5 holdings of the fund to know its best picks in 2022.
Worm Capital highlighted stocks like Amazon.com, Inc. (NASDAQ:AMZN) in the yearly 2022 investor letter. Headquartered in Seattle, Washington, Amazon.com, Inc. (NASDAQ:AMZN) provides consumer products and subscriptions. On February 14, 2023, Amazon.com, Inc. (NASDAQ:AMZN) stock closed at $99.70 per share. One-month return of Amazon.com, Inc. (NASDAQ:AMZN) was 4.44%, and its shares lost 36.94% of their value over the last 52 weeks. Amazon.com, Inc. (NASDAQ:AMZN) has a market capitalization of $1.022 trillion.
Worm Capital made the following comment about Amazon.com, Inc. (NASDAQ:AMZN) in its yearly 2022 investor letter:
“Amazon.com, Inc. (NASDAQ:AMZN): In Amazon we believe we hold a behemoth with two near monopolies in e-commerce and cloud computing, to go along with several other ancillary opportunities.
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Amazon.com, Inc. (NASDAQ:AMZN) is in 2nd position on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 269 hedge fund portfolios held Amazon.com, Inc. (NASDAQ:AMZN) at the end of the third quarter, which was 252 in the previous quarter.
We discussed Amazon.com, Inc. (NASDAQ:AMZN) in another article and shared RiverPark Large Growth Fund’s views on the company. In addition, please check out our hedge fund investor letters Q4 2022 page for more investor letters from hedge funds and other leading investors.