Pershing Square, the $15.5 billion hedge fund firm found by Bill Ackman, has built a new stake in Google parent Alphabet Inc worth $1.1 billion during the first quarter of the year, according to a report by Reuters
Pershing Square, the $15.5 billion hedge fund firm found by Bill Ackman, has built a new stake in Google parent Alphabet Inc worth $1.1 billion during the first quarter of the year, according to a report by Reuters
The report cites a regulatory filing made on Monday as revealing that as at the end of March, Pershing Square owned 8.1 million class C shares and 2.2 million class A, with the latter class having gained roughly 32% so far this year.
Pershing Square Holdings portfolio is up 3.6% this year, having ended 2022 with an 8.8% loss following two years of big double-digit gains – 26.9% in 2021, a 70.2% in 2020, 58.1% in 2019.
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