Bill Ackman's fund added to bets on the Google parent's class C stock, as well as Hilton.
Bill Ackman's Pershing Square Capital stepped up a bet in Google-parent company Alphabet while lowering a large stake in Lowe's during the second quarter, according to a regulatory filing. Ackman's firm purchased roughly 1.3 million shares of Alphabet's class C stock, bringing that position to $1.1 billion, according to the hedge fund's latest 13F filing with the Securities and Exchange Commission.
Meanwhile, the firm parted with more than 25% of its position in home improvement and supplies company Lowe's , bringing Pershing's total position to $1.6 billion in the second quarter, down from about $2 billion. Pershing Square also downsized holdings in Chipotle and Restaurant Brands International . The firm's position in Canadian Pacific Railway dissolved in the second quarter, the filing showed, which is the result of its merger with Kansas City Southern.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bill Ackman’s Pershing Square boosts Alphabet stake, cuts back on Lowe’sBill Ackman's Pershing Square Capital Management boosted its position in Alphabet Inc. during the second quarter, according to recent disclosures.
Read more »
Critics warn California bill protecting school officials would punish parents who speak out at board meetingsA new bill is advancing in the California legislature that would criminalize harassment of any school official. The bill's vague language, critics said, will punish parents for speaking out.
Read more »
Pritzker says bill holds gun makers accountable for ‘unsafe marketing'A new bill signed by Illinois Gov. J.B. Pritzker will aim to hold gun manufacturers accountable for what leaders call “unsafe marketing practices,” but Republicans warn the measure is likely headed for legal challenges.
Read more »
ChatGPT: AI Chatbot Aces AP Biology Test, Amazing Bill GatesInsider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know.
Read more »
‘My heart stopped’: Kroger shopper stunned by nearly $2,800 grocery billAn online shopper says she was stunned by a grocery bill that came in as thousands of dollars owed.
Read more »
Gov. JB Pritzker signs bill aimed at hold gun industry accountable at Chicago safety conferenceGov. JB Pritzker spoke at the annual Everytown for Gun Safety conference in Chicago on Saturday.
Read more »