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Bill Ackman Buys Back Into Netflix Four Years After Selling at a Loss
Yahoo Finance • • business
Key Points:
- Bill Ackman disclosed six new stock holdings in his portfolio, including Netflix, Visa, Mastercard, Alcon, Intercontinental Exchange, and S&P Global, starting from the second quarter.
- These shares are held across his funds, notably Pershing Square USA, which saw a 1.66% increase on the day of disclosure.
- Ackman cited strong expected earnings growth as the primary reason for investing in these companies, emphasizing long-term value.
- Pershing Square USA's performance through July was down 3.5% for the year, while Pershing Square Holdings in London was down 9.2%, both underperforming the S&P 500's 13% gain.
- Ackman exited a $1.5 billion position in Universal Music Group after his $65 billion takeover bid was rejected.
