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In Bezos Split, Indexers Weigh a Wonky Question Worth $6 Billion

Jan. 11, 2019, 4:34 PM

Jeff and MacKenzie Bezos’s split has created a puzzle for index investors: Who gets their stock in Amazon.com Inc.?

Regulatory filings show Jeff Bezos owns almost 79 million shares of the company, worth about $130 billion as of yesterday. If MacKenzie takes a chunk in a settlement—or either party needs to liquidate their assets to meet divorce expenses—those could become part of the company’s freely traded stock. In turn, that could boost the company’s weighting in indexes including the S&P 500—sending tracker funds on a small Amazon shopping spree.

“From the perspective of the index, you’d need to a ...

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