Union Pacific, Brookfield Corp., and Amazon.com, Inc. form a robust foundation for a Buffett-like, diversified portfolio built for long-term growth. UNP offers a near-irreplicable rail network, cyclical exposure to the U.S. economy, and a 20-year dividend growth streak, with potential upside from the Norfolk Southern merger. BN provides unmatched diversification, targeting 20% annual distributable EPS growth, trading at just 6x 2030 expectations, and benefits from asset-light subsidiaries like BAM.

Amazon has a lot to recommend it, such as a dominant cloud computing platform and a big investment in Anthropic. Its shares seem undervalued at recent levels, too.

Amazon and Alphabet will both benefit from their early, large investments in Anthropic. Anthropic has also made large cloud compute commitments to both companies.

Amazon's cloud business is booming. The company should see continued margin expansion in e-commerce.

Pinnacle West Asset Management Inc. bought a new position in shares of Amazon.com, Inc. (NASDAQ: AMZN) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 17,857 shares of the e-commerce giant's stock, valued at approximately $4,256,000. Amazon.com accounts for 2.9% of Pinnacle

Long Corridor Asset Management Ltd purchased a new stake in shares of Amazon.com, Inc. (NASDAQ: AMZN) during the undefined quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 169,150 shares of the e-commerce giant's stock, valued at approximately $40,315,000. Amazon.com accounts for approximately 12.2%

Rakuten Securities Inc. purchased a new position in Amazon.com, Inc. (NASDAQ: AMZN) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 12,062 shares of the e-commerce giant's stock, valued at approximately $2,875,000. Amazon.com comprises about 0.7% of Rakuten Securities

Robinhood Asset Management LLC bought a new stake in Amazon.com, Inc. (NASDAQ: AMZN) during the undefined quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 120,630 shares of the e-commerce giant's stock, valued at approximately $28,751,000. Amazon.com comprises 1.5% of Robinhood

Iyo Bank Ltd. bought a new position in shares of Amazon.com, Inc. (NASDAQ: AMZN) during the undefined quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 48,359 shares of the e-commerce giant's stock, valued at approximately $11,526,000. Amazon.com comprises 3.5% of Iyo Bank

Westpac Banking Corp bought a new stake in shares of Amazon.com, Inc. (NASDAQ: AMZN) during the undefined quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 213,619 shares of the e-commerce giant's stock, valued at approximately $50,914,000. Amazon.com comprises 3.1% of Westpac Banking Corp's investment portfolio, making the stock