Bill Ackman’s Pershing Square Just Bought Netflix and 5 Other Stocks.
Here’s What Investors Need to Know
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. 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.
In Pershing Square Holdings’ interim report, the company initiated new positions in Netflix (NASDAQ:NFLX) and five other stocks. Here’s what investors need to know. Image