Janus Henderson Global Technology and Innovation Fund released its Q3 2025 investor letter, showing strong results in the technology sector. The fund returned 9.19% in the quarter, outperforming the S&P 500 and MSCI All Country World Information Technology Index. Check out the fund’s top five holdings for 2025.

Amazon.com, Inc. (NASDAQ: AMZN) was highlighted in Janus Henderson’s investor letter, offering consumer products, advertising, and subscription services. The stock had a one-month return of 1.08% and closed at $232.14 per share on December 10, 2025, with a market cap of $2.482 trillion.

In the Q3 2025 investor letter, Janus Henderson Global Technology and Innovation Fund mentioned Amazon.com, Inc. (NASDAQ: AMZN) underperforming despite strong e-commerce and advertising performance. Analysts remain optimistic about Amazon.com (AMZN) ranking as the top position among hedge funds, with 332 portfolios holding the stock.

Amazon.com, Inc. (NASDAQ: AMZN) reported $180.2 billion in revenue in Q3 2025, up 12% year-over-year. While Amazon has potential, analysts believe certain AI stocks offer greater upside with less risk. For a free report on a highly undervalued AI stock poised to benefit from current trends, check out their recommendation.

Read more at Yahoo Finance: Here’s Janus Henderson Global Technology and Innovation Fund’s Views on Amazon.com (AMZN)