From Yahoo Finance: 2025-05-24 19:00:00

Bill Ackman is quietly working on building a modern-day version of Berkshire Hathaway with his Pershing Square Capital Management, making major purchases and tariff comments. His $900 million deal to acquire 9 million shares of Howard Hughes Holdings aims to mirror Berkshire’s long-term, shareholder-oriented principles. Ackman also invested in Amazon, confident in its ability to weather tariff impacts and grow earnings.

Pershing Square manages a concentrated portfolio of 11 stocks, delivering strong returns over the past decade. Ackman’s team believes Amazon can tackle any slowdown in its cloud business, AWS. The company’s stock has recovered, up 11% in the past month, though down 8% for the year. Amazon reported Q1 earnings and revenue above expectations but gave a cautious Q2 outlook due to tariff uncertainties.

Ackman also made significant moves in the first quarter, including a new stake in Uber valued at $2.8 billion. Alongside the Uber investment, he added to stakes in Brookfield Corp., Howard Hughes, and Hertz, while reducing positions in Chipotle, Canadian Pacific, Hilton, and Alphabet’s Class C shares. Ackman fully exited his Nike position in Q1.



Read more at Yahoo Finance: Billionaire Bill Ackman bets big on battered e-commerce giant