News

Investment Firm Pershing Square Increases Stake in Alphabet

1 Mins read

Investment firm Pershing Square Capital Management LP, led by Bill Ackman, has revealed that it increased its position in Alphabet Inc. during the second quarter. According to recent disclosures, Pershing now owns 9.38 million shares of Alphabet’s Class C stock, up from 8.07 million shares in the previous quarter. However, its position of 2.19 million shares in Alphabet Class A remains unchanged.

During a previous earnings call, analysts at Pershing emphasized their belief in Alphabet, noting that fears surrounding artificial intelligence have overshadowed the high-quality nature of the company’s shares.

While Pershing Square bolstered its position in Alphabet, it decreased its stake in other companies during the second quarter. The investment firm reduced its holdings in Chipotle Mexican Grill Inc. to 953,608 shares from 1.03 million shares, and its stake in Lowe’s Cos. dropped to 7.47 million shares from 10.04 million.

In related news, renowned investor Seth Klarman has recently reentered the market with investments in Amazon and three other stocks. Likewise, George Soros has taken positions in AI chip makers Nvidia and AMD, while selling his shares in Salesforce and Snowflake.

Related posts
News

Six Men Charged in $15M Crypto Kidnapping Case | China Crypto crime | CryptoRank.io

2 Mins read
Authorities have charged six men in connection with the October 2024 kidnapping of four people from a Chicago townhouse, forcing them to…
News

Fed Chair Jerome Powell Says No To US CBDC

1 Mins read
Following Trump’s executive order, Chairman Powell has vowed not to launch a digital dollar. Federal Reserve Chair Jerome Powell has made it…
NewsSavings

From TechBerry to DeepSeek: The Tale of Someone Who Revolutionized the Landscape of AI

2 Mins read
It was only some weeks ago that DeepSeek, the popular Chinese startup, introduced its AI model, which completely transformed and revolutionized the…

Leave a Reply

Your email address will not be published. Required fields are marked *