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Tech Industry

Janus halves Amazon stake in last year

Janus Capital, a large mutual fund company, has cut its stake in Amazon by nearly 50 percent over the past 12 months, according to a filing with the Securities and Exchange Commission Friday. The mutual fund company, which has a large presence in the tech industry, holds slightly more than 19 million shares in the online retailer, or a 5.3 percent stake. Those holdings are down from the 37 million shares, or nearly 10.5 stake, the company held last February, according to filings with the Securities and Exchange Commission. Over the past year, Amazon's shares have plummeted with the rest of the tech sector, falling to around $13 from a 52-week high of $85.93.

Janus Capital, a large mutual fund company, has cut its stake in Amazon by nearly 50 percent over the past 12 months, according to a filing with the Securities and Exchange Commission Friday. The mutual fund company, which has a large presence in the tech industry, holds slightly more than 19 million shares in the online retailer, or a 5.3 percent stake. Those holdings are down from the 37 million shares, or nearly 10.5 stake, the company held last February, according to filings with the Securities and Exchange Commission. Over the past year, Amazon's shares have plummeted with the rest of the tech sector, falling to around $13 from a 52-week high of $85.93.