""Retail is a landmine and you just don’t know who is going to be disrupted by Amazon. You are seeing money rotate into names where people feel comfortable with companies that won’t be Amazon'ed away,” said Scott Moore, a portfolio manager at Buffalo Funds.
More has shifted his portfolio from traditional department stores and into companies such as Home Depot Inc, whose bulky, heavy items are hard to ship profitably, he said.
Overall, actively managed large-cap funds now hold more restaurant, home improvement, and leisure stocks - all sectors in which Amazon does not yet compete - than at any other time in the last five years, according to Morningstar data, while they have steadily cut holdings of apparel and department stores over the same period." #amazon