Pershing Square Reveals $1.3 Billion Amazon Stake

Pershing Square Capital Management, led by Bill Ackman, revealed its Amazon stake was worth nearly $1.3 billion at the end of June. The firm accumulated over 5.8 million Amazon shares. Pershing's second-quarter filing also showed it boosted other tech holdings, including Alphabet and Uber. Amazon's stock has recovered from earlier losses, rising 5.3% year to date.

Pershing Square Capital Management, led by billionaire investor Bill Ackman, has revealed that its Amazon stake was worth nearly $1.3 billion at the end of June. The firm accumulated over 5.8 million Amazon shares during the second quarter [1]. This move comes after the stock tumbled more than 30% earlier this year due to concerns about the generative AI boom and US tariffs [2]. Amazon's stock has since recovered, rising 5.3% year to date as of market close on July 2, 2025 [2].

In addition to its Amazon stake, Pershing Square also boosted its position in Alphabet Inc. (NASDAQ:GOOGL) by 20.8% in the second quarter, increasing its holding to 5.4 million shares [1]. The hedge fund also incrementally added to its stakes in Hertz Global (HTZ), Hilton Worldwide (HLT), and Canadian investment firm Brookfield (BN) [1].

Pershing Square's second-quarter filing showed that the firm's top holding by market value was Uber Technologies Inc., followed by bets on alternative investment firm Brookfield Corp. and Restaurant Brands International Inc. [2].

Amazon's stock has recovered from its losses following President Donald Trump's sweeping tariff announcements on April 2. Shares of Amazon are up 5.3% year to date as of market close on July 2, 2025 [2].

References:
[1] https://seekingalpha.com/news/4485742-bill-ackmans-pershing-square-takes-new-stake-in-amazon-ups-alphabet-in-q2-moves
[2] https://www.bloomberg.com/news/articles/2025-08-14/ackman-s-pershing-details-1-3-billion-size-of-amazon-stake