Billionaire Bill Ackman Trims Stake in Google and Uber While Betting on Memestock That’s Up 30% Year-to-Date
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Billionaire Bill Ackman's Pershing Square Capital Management sold shares in Alphabet, Uber, Restaurant Brands International, and Brookfield Corporation in Q3. Despite this, the firm retains a significant stake in Hertz Global Holdings, a memestock up 30% year-to-date. Pershing Square's other holdings include Howard Hughes Holdings, Amazon, Chipotle Mexican Grill, Hilton Worldwide Holdings, and Seaport Entertainment Group. The firm manages $14.643 billion in assets.
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