Pershing Square USA Ltd. (NYSE:PSUS) CEO Bill Ackman announced that he has deployed nearly 85% of capital from his closed-end fund, seizing on a bifurcated market to buy tech behemoths like Meta Platforms Inc. (NASDAQ:META) and Microsoft Corp. (NASDAQ:MSFT) that investors are dismissing as “old-fashioned.”
Since its April 29 initial public offering, PSUS has been on an aggressive buying spree.
According to an update Ackman shared on X on Monday, the fund has built major positions in 12 companies—including Amazon.com Inc. (NASDAQ:AMZN), Uber Technologies Inc. (NASDAQ:UBER), Brookfield Corp. (NYSE:BN), and Restaurant Brands International Inc. (NYSE:QSR)—at what he called “extremely attractive” prices.
The portfolio will also feature four newly acquired, undisclosed companies set to be revealed in the firm’s upcoming second-quarter report.
Read Next
