Bill Ackman’s Pershing Square Just Bought Netflix and 5 Other Stocks. Here’s What Investors Need to Know.
After raising $5 billion in new capital in late April, Ackman and his team wasted no time putting money to work.
Overview
Say what you want about the stock market being overvalued, but billionaire investor Bill Ackman is putting money to work.
Fresh off a $5 billion raise through the combined initial public offering of Pershing Square USA, a closed-end fund, and Pershing Square Inc, the management company making investment decisions for all associated Pershing funds, Ackman did not waste much time.
Details
In a post on the social platform X on June 15, Ackman stated that 85% of the new capital had already been deployed, and now we know what Ackman was buying.
Source
Originally published at www.fool.com.
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