Pershing Square Capital Management, led by hedge fund tycoon Bill Ackman, has embarked on a new investment strategy by acquiring a 5.8 million share position in Amazon during the second quarter of this year. Concurrently, the firm augmented its holding of Alphabet Class A shares by 20.8%, elevating its stake to 5.4 million shares. Moreover, Pershing Square has divested from its investment in Canadian Pacific Kansas City, while increasing its equity in Hertz Global, Hilton Global, and the Canadian investment firm Brookfield.
