Fjarde Ap-Fonden /Fourth Swedish National Pension Fund 13F: Cuts AMZN Stake by $34M
Fjarde Ap-Fonden reduced its stake in Amazon by 136,284 shares in a recent filing.
Reviewed by automated data checks against the source filing. How we make and check alerts
Fjarde Ap-Fonden /Fourth Swedish National Pension Fund sold 136,284 shares from its stake in Amazon.com, Inc. ($AMZN), a 5.42% decrease, according to a 13F filing with the SEC dated October 15, 2026. It reported 2,378,091 shares worth $592.50 million at the end of the quarter.
Since the filing, $AMZN is down 1.9% to date (from the $254.76 close on Oct 15, 2026).
Find the original: Fjarde Ap-Fonden /Fourth Swedish National Pension Fund 13F filings on SEC EDGAR
AMZN
Amazon.com, Inc.
Key Points
- Fjarde Ap-Fonden trimmed its position in Amazon by 136,284 shares, bringing its total holdings to 2,378,091 shares valued at approximately $592.5 million.
- Amazon shares recently traded around $249.83, which is about 3% below its 50-day moving average and 13% under its 52-week high.
- Analysts have a strong buy consensus on Amazon, with a mean price target of $331.46, significantly above the current trading price.
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Not investment advice. EarningsIQ is not a registered investment adviser, and this automated Amazon.com, Inc. alert may contain errors. Disclosures
Fjarde Ap-Fonden / Fourth Swedish National Pension Fund disclosed in a filing on October 15, 2026, that it trimmed its stake in Amazon.com, Inc. (AMZN) by 136,284 shares. The fund now holds 2,378,091 shares, valued at about $592.5 million.
What Changed in Fjarde Ap-Fonden's Amazon Position
The fund's reduction represents a 5.42% decrease in its Amazon holdings. This adjustment comes as Amazon trades below its 50-day moving average, suggesting a potential shift in market sentiment.
Other Institutional Activity in Amazon.com, Inc.
During the same period, several large institutional investors adjusted their positions in Amazon. Blackrock Inc. grew its holdings by 12,871,805 shares, bringing its total to 748,403,539 shares, valued at approximately $187.1 billion. Vanguard Capital Management LLC added 4,607,444 shares to reach a total of 635,764,130 shares worth about $158.9 billion. State Street Corporation increased its position by 6,754,482 shares, now holding 397,186,958 shares valued at around $99.3 billion. FMR, LLC also raised its stake by 6,958,810 shares, totaling 365,660,364 shares worth about $91.4 billion.
Amazon.com, Inc. Stock Down 1.7%
Amazon shares recently traded around $249.83, which is 3% below its 50-day moving average of $257.52. The stock is trading about 13% under its 52-week high of $287.20 and is currently 27.5% above its 52-week low of $196.00. The average analyst price target for Amazon stands at $331.46, indicating that the stock is currently priced below analyst expectations.
Recent Earnings
Amazon reported trailing twelve-month revenue of $775.68 billion, with an earnings per share (EPS) of $12.43. The company has shown strong financial performance with a net margin of 17.4% and a return on equity (ROE) of 30.6%. Amazon's next earnings report is scheduled for October 29, 2026.
Earnings drift grade
Outlook vs expectations on the last report — not price action.
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Forward outlook
23 analysts raised price targets.
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EPS & revenue
EPS missed estimates by 3.6%. Revenue met estimates.
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Profit surprise
EBITDA beat by 31 percent. Operating income beat by 90 percent.
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Pre-earnings setup
Bar was high, analysts already very bullish.
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Analyst signal
23 target raises.
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Earnings quality
Gross margin up 1.3 points. Operating margin up 1.3 points. Positive free cash flow.
Earnings Call Summary
Amazon had a strong first quarter with $181.5 billion in revenue and record 13.1 percent operating margin. Cloud computing services grew 28 percent year over year, the fastest pace in 15 quarters, driven by artificial intelligence demand. The company is investing tens of billions in data centers and chips, expecting these upfront costs to deliver strong returns in future years as customers pay for the capacity.
Guidance Amazon expects second quarter sales between $194 billion and $199 billion, up from first quarter's $181.5 billion. Operating income should reach $20 billion to $24 billion as the company invests heavily in artificial intelligence and new satellites for the Amazon LEO business.
Slightly positive report. The quarter was acceptable, but the forward setup is not strong.
Insider Buying and Selling at Amazon.com, Inc.
Insider selling has also been noted, with several executives selling shares recently. On August 21, officer Matthew S. Garman sold 14,541 shares valued at about $3.77 million. Officer David A. Zapolsky sold 15,430 shares for around $4.00 million on August 24. Douglas J. Herrington sold 1,000 shares on two occasions, with values of approximately $254,770 and $251,500 on September 1 and October 1, respectively.
Analysts Set New Price Targets
Analysts remain bullish on Amazon. On September 30, 2026, Rosenblatt maintained a buy rating with a target price of $360.00, up from $335.00. TD Cowen reiterated its buy rating with a target of $350.00 on October 5. On October 6, Tigress Financial also maintained a buy rating but raised its target to $385.00 from $315.00. Recently, Wells Fargo and Cantor Fitzgerald maintained their overweight ratings with targets of $329.00 and $310.00, respectively.
About Amazon.com, Inc.
Amazon.com, Inc. is a major player in the retail space, offering a wide range of consumer products, advertising, and subscription services through both online and physical stores. The company operates in various segments, including North America and Amazon Web Services (AWS), and continues to innovate with its electronic devices and media content offerings.
Bottom Line
Keep an eye on Amazon as it approaches its next earnings date on October 29, 2026. The recent adjustments from Fjarde Ap-Fonden and other large investors highlight ongoing changes in institutional sentiment, which may influence future performance. Note that the filing reflects holdings as of the reporting period and may not represent current positions.
Related Filing Alerts
Source: Fjarde Ap-Fonden /Fourth Swedish National Pension Fund's 13F filing on $AMZN (Oct 15, 2026). 13F filings show holdings as of the end of the reporting quarter and may not reflect the fund's current position. Find the original filing: Fjarde Ap-Fonden /Fourth Swedish National Pension Fund 13F filings on SEC EDGAR. Written by software, not financial advice. How we make alerts