Bill Ackman's Q2 Stock Moves: A Closer Look

Pershing Square's Q2 Transactions

Bill Ackman's Pershing Square hedge fund made a series of notable stock purchases and sales in the second quarter of 2023.

Key Buys and Sells

• Purchased over 3 million shares of Nike (NKE) worth around $229 million.
• Increased position in Restaurant Brands International (QSR) by 500,000 shares.
• Sold all remaining shares of Lowe's Companies (LOW).
• Reduced position in Hilton Worldwide Holdings (HLT) by 1.5 million shares.

Portfolio Performance and Valuation

Pershing Square's 13F portfolio value decreased from $10.39 billion to $7.46 billion in Q2 2023, a 28.3% decline.

However, the portfolio had experienced a 16% increase in value in Q1 2023, rising from $8.78 billion to $10.22 billion.

Ackman's Investment Strategy

Bill Ackman is known for his activist investing approach, where he actively engages with companies to improve their operations and drive shareholder value.

He typically invests in a concentrated portfolio of high-quality, large-cap stocks with strong growth potential.

Impact of Social Media Presence

Ackman's strong social media presence has played a role in offsetting recent financial woes.

His Twitter account has over 1 million followers, and he frequently shares insights, updates, and commentary on financial markets and investing.