Billionaire Bill Ackman Invests $4,960,000,000 in Three Assets in Massive Bet on Tech, Mobility and Grub

Description

Billionaire Bill Ackman’s hedge fund has allocated nearly half of the firm’s $11.9 billion portfolio into just three assets. SEC filings reveal Pershing Square Capital has allocated 41% of its capital into the small handful of bets, with the largest allocation in Uber. The firm now has about $2.8 billion invested, or 18.5% of its portfolio, in the rideshare giant, holding 30.3 million shares. Uber’s strength lies in its dominant driving platform, fueled by network effects that attract more drive...