Bill Ackman Boosts Bets on Amazon and Alphabet Amid Q2 Portfolio Update

Legendary investor Bill Ackman is boosting his bets on several Magnificent Seven stocks, including Amazon.com Inc, Alphabet Inc Class A, and Alphabet Inc Class C, according to a 13F filing. Ackman's Pershing Square Capital Management increased positions in four stocks: Alphabet Inc Class A, Hertz Global Holdings, Hilton Worldwide Holdings, and Brookfield Corporation. Ackman also exited his position in Canadian Pacific Kansas City and added a new stake in Amazon.com Inc.

Legendary investor Bill Ackman's Pershing Square Capital Management has made significant moves in its Q2 portfolio, with new investments and increased stakes in several key stocks. The hedge fund's latest 13F filing reveals that Ackman has bolstered his position in Amazon.com Inc. (NASDAQ:AMZN) and Alphabet Inc. (NASDAQ:GOOGL), while also increasing stakes in Hertz Global Holdings (NASDAQ:HTZ), Hilton Worldwide Holdings (NYSE:HLT), and Brookfield Corporation (BN.TO). Additionally, Ackman exited his position in Canadian Pacific Kansas City (NYSE:CP) [1].

Ackman's top holdings include Uber Technologies (NYSE:UBER), Brookfield Corporation (BN.TO), Restaurant Brands International (NYSE:QSR), and Amazon.com Inc. (NASDAQ:AMZN). Uber remains Ackman's largest holding, followed by Brookfield Corporation. The new purchase of Amazon.com Inc. positions the e-commerce giant as one of the top five holdings in the portfolio [2].

Pershing Square's Q2 portfolio shows a significant focus on technology and e-commerce giants. Ackman's new purchase of Amazon.com Inc. (NASDAQ:AMZN) totaled nearly $1.3 billion at the end of June, with the hedge fund accumulating more than 5.8 million shares. The hedge fund also increased its stake in Alphabet Inc. (NASDAQ:GOOGL) by 21% during the second quarter [3].

In addition to these new investments, Ackman has exited his position in Canadian Pacific Kansas City (NYSE:CP), a railway operator. The fund's latest moves indicate a strategic shift towards technology and consumer staples sectors [2].

Bill Ackman's Pershing Square Capital Management continues to demonstrate a long-term investment strategy, focusing on companies with strong growth prospects. The hedge fund's latest portfolio changes reflect Ackman's belief in the potential of technology and e-commerce giants, as well as his interest in consumer staples and real estate sectors [3].

References:
[1] https://www.ainvest.com/news/bill-ackman-boosts-bets-magnificent-7-stocks-pershing-square-q2-portfolio-revealed-2508/
[2] https://news.bloomberglaw.com/international-trade/ackmans-pershing-details-1-3-billion-size-of-amazon-stake
[3] https://finance.yahoo.com/news/bill-ackman-bets-2-magnificent-212245570.html