"Unafraid of concentration risk, Ackman channels billions into select names he believes are undervalued giants, as evidenced by past winners like Chipotle Mexican Grill ( ) and Hilton Worldwide Holdings ( ). His strategy prioritizes quality management and long-term moats over diversification. In the first quarter, he launched a blockbuster stake in Uber Technologies ( ), acquiring 30.3 million shares worth $2.21 billion at the time - now valued at $2.8 billion and comprising 21% of his $13.7 billion portfolio. Yet, he hasn't added since, content with the position amid Uber's rally."
"Ackman's plunge into Amazon wasn't impulsive; it was a calculated strike amid market jitters. Back in May, Pershing Square disclosed the purchase after Amazon's shares cratered over 30% from the start of the year, hammered by generative AI hype fizzling and fears of U.S. tariffs under President Trump. Ackman liquidated a prized stake in Canadian Pacific ( ) to fund the move, calling the exit "with regret" but prioritizing Amazon's superior prospects . Chief Investment Officer Ryan Israel told clients it was the "most substantial move," betting on earnings resilience as tariffs proved less biting than feared for consumers."
Bill Ackman uses activist, conviction-driven investing with concentrated stakes in select companies. He favors quality management and long-term moats over broad diversification. In Q1 he acquired 30.3 million Uber shares for $2.21 billion, now worth $2.8 billion and representing 21% of a $13.7 billion portfolio. He did not add to Uber as the position appreciated. In Q2 he purchased 5.82 million Amazon shares for $1.2 billion, funded by selling Canadian Pacific, growing the Amazon position to $1.3 billion or 9.3% of the portfolio. The Amazon buy followed a >30% share decline amid AI hype and tariff concerns, and Pershing Square bet on earnings resilience.
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