Trump Tariff Turmoil Hits ValueAct's Amazon Stake, But Well-Timed Salesforce Sell Pays Off
Benzinga (Fri, 11-Apr 2:57 AM)
ValueAct Holdings, L.P. initiated a position in Amazon.com Inc. (NASDAQ:AMZN) in the fourth quarter of 2024, purchasing 536,900 shares worth approximately $122 million, according to a 13F-HR filing with the U.S. Securities and Exchange Commission on Feb. 14.
What Happened: Since then, Amazon’s stock has dropped 20.81% from $228.86 to $181.22 as of Thursday’s close, largely due to pressure from President Donald Trump‘s newly implemented tariff policies.
The decline reduced ValueAct’s Amazon investment by about $25 million to roughly $97 million.
Meanwhile, the San Francisco-based activist hedge fund reduced its Salesforce Inc. (NYSE:CRM) position by 1,015,800 ...
