DIRS.INFO top alerts submit data jurnalism about API
login
Top related persons:
Bill Ackman - 13 Ackman - 9 Bayliss - 4 Bill Ackman's - 4 Jamie Dimon - 3 Svea Herbst - 3 Dan Loeb's - 3 Stanley Druckenmiller - 3
Top related locs:
China Wall Silicon New York United States Ukraine New York City U.S
Top related orgs:
Capital Management - 17 Pershing - 10 CNBC - 6 Billionaire - 5 Alpha - 4 JPMorgan - 4 Thomson - 4 Bill Ackman's Pershing - 4

Search resuls for: "Square Capital Management"


25 mentions found


☆ Billionaire investor Bill Ackman: I'm very bullish on Ukraine post-war
  + stars: | 2023-09-28 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBillionaire investor Bill Ackman: I'm very bullish on Ukraine post-warPershing Square Capital Management CEO Bill Ackman joins CNBC's Delivering Alpha 2023 conference to discuss his meeting with Ukrainian President Volodymyr Zelenskyy.
Persons: Bill Ackman, Volodymyr Zelenskyy Organizations: Billionaire, Pershing, Capital Management, CNBC's, Alpha Locations: Ukraine
☆ Bill Ackman believes the 10-year Treasury yield could approach 5% soon
  + stars: | 2023-09-28 | by ( Yun Li | ) www.cnbc.com   time to read: +1 min
Billionaire hedge fund manager Bill Ackman believes long-term Treasury yields can shoot even higher in the short run on the back of stubborn inflation. "I would not be shocked to see 30-year rates through the 5% barrier, and you could see the 10-year approach 5%," he told CNBC's Scott Wapner at the CNBC Delivering Alpha Investor Summit on Thursday in New York City. "You have a generation of people that are used to rates, you know, four sounding like a high interest rate. The benchmark 10-year Treasury yield hit a 15-year high this week, topping 4.65%, as the Federal Reserve signaled higher interest rates for longer this month. The 30-year rate last traded around 4.71%.
Persons: Bill Ackman, CNBC's Scott Wapner Organizations: CNBC, Alpha, Pershing, Capital Management, Reserve, Treasury, Federal Reserve Locations: New York City
☆ Billionaire investor Bill Ackman: I'm a Warren Buffett devotee
  + stars: | 2023-09-28 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBillionaire investor Bill Ackman: I'm a Warren Buffett devoteePershing Square Capital Management CEO Bill Ackman joins CNBC's Delivering Alpha 2023 conference to discuss his meeting with Ukrainian President Volodymyr Zelenskyy, Treasury yields, and more.
Persons: Bill Ackman, Warren Buffett, Volodymyr Zelenskyy Organizations: Billionaire, Capital Management, CNBC's, Alpha
☆ Bill Ackman lays out a series of reasons why he's betting rates keep rising — How you can play along
  + stars: | 2023-09-22 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com   time to read: +2 min
The 30-year Treasury yield was trading at 4.575% on Friday morning after hitting its highest level since 2011 on Thursday. US30Y YTD mountain The 30-year Treasury yield hit a new high for the year on Thursday. Ackman said he thinks 5.5% could be more the rational yield for the 30-year Treasury. The largest inverse bond ETF is the ProShares UltraShort 20+ Year Treasury ETF (TBT) , according to VettaFi. ProShares also has the Short 20+ Year Treasury ETF (TBF) , which is a one-times inverse fund.
Persons: Bill Ackman, Ackman, Ackman's, ProShares Organizations: Treasury, Reserve, Workers, ICE U.S, Pershing, Capital Management, CNBC, Alpha Locations: China
☆ Billionaire investor Bill Ackman's answer to the RTO pushback is to let employees work from anywhere in July and August
  + stars: | 2023-09-22 | by ( Huileng Tan | ) www.businessinsider.com   time to read: +2 min
Billionaire investor Bill Ackman seems to have found a formula against the return-to-office pushback. His employees at Pershing Square can work from anywhere in July and August. Ackman said the arrangement has been working well for Pershing Square staff, who like the balance. While many companies are still trying to figure out the best work arrangements amid pushback against RTO orders, billionaire investor Bill Ackman appears to have found a solution he thinks is working. Pershing Square did not immediately respond to a request for comment from Insider sent outside regular business hours.
Persons: Bill Ackman, Ackman, that's, Ackman's, Elon Musk, Jamie Dimon, Marc Andreessen, Dimon, Musk Organizations: Pershing, Pershing Square, Service, Capital Management, New York, Forbes, SpaceX, JPMorgan, CNBC Locations: Wall, Silicon
☆ Billionaire investor Bill Ackman says the Fed's fight against inflation may never end due to strikes and soaring gas prices
  + stars: | 2023-09-22 | by ( George Glover | ) www.businessinsider.com   time to read: +3 min
"The long-term inflation rate is not going back to 2%," the billionaire investor said Thursday. A recent flare-up in gas prices has fueled fears the Fed will have to hike interest rates yet again. "The long-term inflation rate is not going back to 2% no matter how many times [Fed chair Jerome] Powell reiterates it as his target," Ackman posted on X. Economists worry that the United Auto Workers' union strike and a recent steady rise in gas prices could push inflation even higher. "And higher gas prices will raise inflationary expectations.
Persons: Bill Ackman, there's, Jerome, Powell, Ackman Organizations: Reserve, Service, Pershing, Capital Management, Consumer, United Auto Workers ', Workers, Strategic Petroleum Reserve Locations: Wall, Silicon, China
☆ Zelenskiy presses case for more help with US hedge fund, tech titans -sources
  + stars: | 2023-09-21 | by ( Svea Herbst-Bayliss Lananh Nguyen | Svea Herbst-Bayliss | Lananh Nguyen | ) www.reuters.com   time to read: +4 min
The meeting was scheduled for hours after Zelenskiy addressed the United Nations Security Council about Russia's invasion and its consequences. Ukraine has tried to lock in financial support from business leaders to help rebuild the country. A spokesperson for Zelenskiy and Ukraine's mission to the United Nations in New York did not immediately respond to a request for comment. Since the start of the war, Ackman's foundation has donated roughly $24 million to support Ukraine, a person familiar with the numbers said. Before the meeting in New York, the White House appealed to Congress to approve billions of additional dollars of support for Ukraine.
Persons: Ken Griffin, Mike Blake, Volodymyr Zelenskiy, Zelenskiy, JPMorgan Chase, Bill Ackman, Jonathan Gray, Robert Kraft, Henry Kissinger, Eric Schmidt, Mike Bloomberg, Barry Sternlicht, Mary Callahan Erdoes, Vince LaPadula, Whitney Tilson, Griffin, Howard Buffett, Warren, Svea Herbst, Bayliss, Lananh Nguyen, Andrea Shalal, Michelle Nichols, Megan Davies, Grant McCool Organizations: Citadel, Milken, Global Conference, REUTERS, United Nations Security Council, JPMorgan, Blackstone Group, New England Patriots football team, United, State, Google, United Nations, Griffin's Citadel, Ackman's Pershing, Capital Management, Ukraine, Fox News, Svea, Thomson Locations: Beverly Hills , California, U.S, New York, Ukraine, United States
☆ 'People are stupid': Strategist sees big downside as stocks ignore global crises — and names what to own
  + stars: | 2023-08-21 | by ( Ganesh Rao | ) www.cnbc.com   time to read: +4 min
Despite ongoing economic crises around the world, global stock markets have remained resilient so far this year. David Roche, president and global strategist at Independent Strategy , said equity markets were still relatively buoyant "because people are stupid" and overly complacent. They are related," Roche told CNBC's "Squawk Box Europe" on Thursday. The strategist suggested owning 30-year U.S. Treasurys , which were trading with a yield of 4.35% Friday. Earlier this month, billionaire investor Bill Ackman said he was betting against 30-year U.S. Treasurys in "a world with persistent 3% inflation."
Persons: David Roche, Roche, CNBC's, Vladimir Putin's, " Roche, I'm, Bill Ackman Organizations: Independent, Equity, JPMorgan, America, Pershing, Capital Management Locations: China, Russia, Beijing, Wall Street, China's, Moscow, Russian, West
☆ Activists ease up on Salesforce — plus, 10 other Club stocks traded by Wall Street pros
  + stars: | 2023-08-16 | by ( Kevin Stankiewicz | In Kevinstankiewicz | ) www.cnbc.com   time to read: +10 min
The extraordinary activist-investor interest in Salesforce (CRM) eased further in the second quarter, according to the latest regulatory filings from influential Wall Street pros. His firm still owned about 2 million Salesforce shares as of June 30. Tepper also bought 2.3 million shares of Advanced Micro Devices (AMD) and 480,000 shares of Apple (AAPL) during the second quarter. As a result, Appaloosa's holdings as of mid-August may differ significantly from the conclusion of the second quarter. GOOGL YTD mountain Alphabet YTD performance Bets on Google's parent company, Alphabet (GOOGL), varied in the second quarter.
Persons: Dan Loeb's, Jeff Smith's, Salesforce, Jeffrey, Starboard's Jeff Smith, Smith, he's, 13Fs, it's, Marc Benioff, Mason Morfit, Paul Singer's Elliott, Elliott, Elliott —, Nelson Peltz's, Bob Iger, Peltz, David Tepper, Tepper, Bill Ackman's, Seth Klarman, Loeb, Klarman, Stanley Druckenmiller, Druckenmiller, Eli Lilly, That's, Jim Cramer's, Jim Cramer, Jim, Kim Kulish Organizations: Inclusive Capital, CNBC, Paul Singer's Elliott Management, Constellation, Club, Constellation Brands, Corona, Modelo, DIS, Disney, Management, Walt Disney Co, Peltz, Nvidia, Appaloosa Management, Microsoft, Micro Devices, Apple, AMD, Bill Ackman's Pershing, Capital Management, Oracle, Duquesne Family Office, Jim Cramer's Charitable, Corbis, Getty Locations: Salesforce, Tuesday's
☆ Billionaire investor Ackman says he is shorting 30-year Treasuries
  + stars: | 2023-08-03 | by ( Svea Herbst-Bayliss | ) www.reuters.com   time to read: +3 min
"We are short in size the 30-year T," Ackman wrote on messaging platform X, formerly known as Twitter. "We implement these hedges by purchasing options rather than shorting bonds outright," Ackman wrote. Ackman said higher defense costs, energy transition and the greater bargaining power of workers all point toward higher inflation. "The best hedges are the ones you would invest in anyway even if you didn't need the hedge," Ackman wrote. A spokesman for Ackman didn't respond to a Reuters request for additional comment.
Persons: Bill Ackman, Mike Blake, William Ackman, Ackman, Treasurys, Fitch, Svea Herbst, Bayliss, Shri Navaratnam Organizations: Pershing, Capital, Wall Street Journal Digital, REUTERS, Capital Management, U.S, Twitter, Federal, White, Svea, Thomson Locations: Laguna Beach , California, U.S
☆ Bill Ackman says he's shorting 30-year Treasury bills, and yields could hit 5.5% 'soon'
  + stars: | 2023-08-03 | by ( Clement Tan | ) www.cnbc.com   time to read: +1 min
Billionaire investor Bill Ackman said he is betting against 30-year U.S. Treasurys as a hedge against the impact of long-term rates on stocks in "a world with persistent 3% inflation." Ackman, the founder of Pershing Square Capital Management, also said he is "short in size" on the 30-year U.S. Treasurys because it's "a high probability standalone bet." "We implement these hedges by purchasing options rather than shorting bonds outright," Ackman said said late Wednesday. Ackman argued that if U.S. inflation is 3% in the long term instead of 2%, 30-year Treasury yields could hit 5.5% "and it can happen soon." U.S. inflation stood at 3% in June, while yields on 30-year Treasury hit 4.2% — its highest since early November.
Persons: Bill Ackman, Olivia Tournay Flatto, Ackman, Fitch Organizations: Armory, Billionaire, Pershing, Capital Management, AAA, White, Treasury Locations: New York City
☆ Tech bros and Wall Street billionaires are indulging anti-vaxxer RFK Jr.'s presidential dreams
  + stars: | 2023-07-19 | by ( George Glover | ) www.businessinsider.com   time to read: +3 min
Silicon Valley and Wall Street stars are indulging Robert F. Kennedy Jr.'s presidential campaign. RFK Jr. has said that vaccines cause autism – and the White House recently blasted him for sharing anti-Semitic conspiracy theories. Get the inside scoop on today’s biggest stories in business, from Wall Street to Silicon Valley — delivered daily. This isn't the first time parts of Wall Street and Silicon Valley have backed an anti-establishment firebrand. In both 2016 and 2020, big names like venture capitalist Peter Thiel and Blackstone CEO Stephen Schwarzman backed Republican candidate Donald Trump.
Persons: Robert F, Kennedy Jr, Jack Dorsey, SPAC, Chamath Palihapitiya, Bill Ackman, Kennedy, Jr, Twitter's, who's, Bill Ackman – who's, Jamie Dimon, –, Ken Fisher, Mark Gorton, Chamath, David Sacks, Palihapitiya, Ackman, he'd, Peter Thiel, Stephen Schwarzman, Donald Trump Organizations: Twitter, RFK, White House, Service, CIA, Democratic, Pershing Square Capital Management, Fisher Investments, Research, CNBC, vax, Children's Health Defense, PayPal, Blackstone, Republican Locations: Silicon, Wall, Silicon Valley
☆ Salesforce hires activist lawyer from Wachtell, Lipton as legal chief
  + stars: | 2023-07-17 | by ( ) www.reuters.com   time to read: +1 min
July 17 (Reuters) - Salesforce (CRM.N) appointed Wachtell, Lipton's Sabastian Niles as its chief legal officer on Monday, months after the leading activist lawyer helped defend the business software provider against several hedge funds that had called for changes at the company. "I'm thrilled to welcome Sabastian to Salesforce as part of our world-class management team," CEO Marc Benioff said. Wachtell, Lipton, Rosen & Katz is a major law firm sought out by corporate America to handle merger deals as well as activist investment firms' push for changes. Niles spent nearly 17 years at the law firm, where he began his career as a summer associate after earning his law degree from Harvard, rising to become a partner. Niles was part of the team at Wachtell when it advised Salesforce after Starboard Value, ValueAct and Elliott Investment Management pressured it for making key changes earlier this year.
Persons: Wachtell, Lipton's Sabastian Niles, I'm, Marc Benioff, Lipton, Katz, Niles, Bill Ackman's, Jeffrey Ubben, Mason Morfit's, Salesforce, Svea Herbst, Bayliss, Yuvraj Malik, Vinay Dwivedi Organizations: Rosen, Harvard, Bill Ackman's Pershing, Capital Management, Elliott Investment Management, Svea, Thomson Locations: Salesforce, America, Wachtell, New York, Bengaluru
☆ Wall Street investors say Big Tech is the best way to invest in A.I., CNBC survey shows
  + stars: | 2023-06-30 | by ( Yun Li Patricia Martell | Yun Li | Patricia Martell | ) www.cnbc.com   time to read: +2 min
Most Wall Street investors believe the best way to take advantage of the artificial intelligence boom is to buy Big Tech stocks, according to the new CNBC Delivering Alpha investor survey. Forty-seven percent of respondents said big-cap tech companies are the best way to invest in AI, while 37% believe there's too much hype around the space. The chipmaker has been at the center of an AI craze on Wall Street. Investors piled into the AI enabler after the company recently made a shockingly strong forecast of future demand. Alphabet's AI capabilities and ambition attracted buying from big investors recently, including Stanley Druckenmiller 's Duquesne Family Office, Dan Loeb's Third Point and Bill Ackman's Pershing Square Capital Management.
Persons: Buzzy chatbot ChatGPT, Stanley Druckenmiller, Dan Loeb's, Bill Ackman's Organizations: Big Tech, CNBC Delivering Alpha, CNBC, Nasdaq, Microsoft, Google, Duquesne Family Office, Bill Ackman's Pershing, Capital Management
☆ Bill Ackman offered to donate $150,000 if a doctor debated Robert F. Kennedy Jr. about vaccines on Joe Rogan's podcast
  + stars: | 2023-06-18 | by ( Ryan Hogg | ) www.businessinsider.com   time to read: +3 min
Bill Ackman offered to donate $150,000 if a doctor debated vaccines on Joe Rogan's podcast. Dr Peter Hotez criticized Rogan for hosting Robert F. Kennedy Jr. on his podcast. Bill Ackman has waded into a vaccine misinformation debate, offering $150,000 to charity if a doctor agrees to debate Robert F. Kennedy Jr. on Joe Rogan's podcast. Rogan responded to Hotez's criticism by pledging $100,000 to charity if he came on the podcast to debate Kennedy. Rogan signed a $200 million deal with Spotify to bring his hugely popular podcast exclusively to the streaming platform in 2020.
Persons: Bill Ackman, Joe Rogan's, Peter Hotez, Rogan, Robert F, Kennedy Jr, Elon Musk, Dr Peter Hotez, Joe Rogan, Kennedy, Hotez, lockdowns, Ackman, goad, Musk, It's, Neil Young Organizations: Morning, Pershing, Capital Management, Baylor College of Medicine, National, Tropical Medicine, Spotify Locations: Nazi Germany, Houston
☆ Why Hong Kong can’t cut loose from the US dollar just yet
  + stars: | 2023-06-13 | by ( Laura He | ) edition.cnn.com   time to read: +11 min
Hong Kong CNN —Hong Kong’s currency is facing its biggest test since the global financial crisis of 2008. The steep fall is a sign that investors are ditching the Hong Kong dollar. The Hong Kong Monetary Authority (HKMA) is committed to keeping the Hong Kong dollar between 7.75 and 7.85 per greenback. People walk past the Hong Kong Monetary Authority (HKMA) on May 4, 2023, in Hong Kong, China. “Pegging the Hong Kong dollar to the US dollar encourages such transactions to be carried out in Hong Kong and under Hong Kong law, even if neither party is based in Hong Kong.”This helps to create jobs and prosperity in Hong Kong, while also benefiting mainland China.
Persons: Hong, hasn’t, Andy Xie, ” Logan Wright, Bill Ackman’s, Ackman, Wright, Peter Parks, Kong, Deng Xiaoping, Margaret Thatcher, outflows, Chi Lo, Chen Yongnuo, Hong Kong’s, ”, Richard Cookson ,, Boaz Weinstein, Daniel Fung, Rhodium’s Wright, Xie, Eddie Yue, Banks, John Greenwood, “, Greenwood, ” Greenwood Organizations: Hong Kong CNN, British, Hong, Traders, Hong Kong, Bill Ackman’s Pershing, Capital Management, Getty, Lehman Brothers, Hong Kong Monetary Authority, US Federal Reserve, Asia Pacific, BNP, Asset Management, Fed, China News Service, Rubicon Fund Management, Bloomberg, Saba Capital Management, National Security Law, CNN Locations: Hong Kong, United States, China, Hong, Beijing, AFP, Britain, “, ”, Riding
☆ Bill Ackman calls on JPMorgan CEO Dimon to run for US president
  + stars: | 2023-05-31 | by ( ) www.reuters.com   time to read: +2 min
May 31 (Reuters) - Billionaire hedge fund manager Bill Ackman said Jamie Dimon should run for president in the next U.S. elections after the JPMorgan Chase & Co (JPM.N) CEO expressed his interest in pursuing a public office. loadingAckman called Dimon an "exemplary leader" and lauded him for having "superbly managed" JPMorgan through every crisis. There have been speculations about Dimon's potential presidential run in the future. "If he decides to get out of banking, I think he would be really good in politics," former President Bill Clinton once said of Dimon. In the 2016 presidential election, Ackman had urged former New York City Mayor and billionaire Michael Bloomberg to run for president.
Persons: Bill Ackman, Jamie Dimon, Dimon, Ackman, Donald Trump, Bill Clinton, Michael Bloomberg, Niket, Bayliss, Jaiveer, Anil D'Silva Organizations: Billionaire, JPMorgan Chase &, Bloomberg, JPMorgan, Trump, Pershing, Capital Management, Street, New, New York City, Svea Herbst, Thomson Locations: China, United States, New York, Bengaluru, Svea
☆ Here are big Wall Street investors' favorite A.I. bets, other than Nvidia
  + stars: | 2023-05-25 | by ( Yun Li | ) www.cnbc.com   time to read: +3 min
But it's not just Nvidia the smart money is betting on to power AI growth. Dan Loeb's Third Point also purchased Alphabet in the first quarter, making it the fund's fifth-biggest holding. Shares of Alphabet have rallied almost 40% this year as investors grew optimistic about the company's AI capabilities. AI software Druckenmiller revealed recently his Microsoft stake was also a bet on AI. Another AI software maker, Palantir, lately attracted buying from Ark Invest's Cathie Wood.
Persons: it's, Stanley Druckenmiller, Dan Loeb's, Bill Ackman's, Philippe Laffont’s Coatue, Stephen Mandel’s, Druckenmiller, David Tepper, Daniel Sundheim, Meta, Laffont’s Coatue, —, Samantha Subin Organizations: Nvidia, Wall Street's, Billionaire, Duquesne, Office, Google, Bill Ackman's Pershing, Capital Management, Taiwan Semiconductor, Tiger Global Management, Coatue Management, Devices, Stephen Mandel’s Lone Pine Capital, Microsoft, Meta Locations: Wall
☆ Stocks making the biggest moves midday: Horizon Therapeutics, Capital One, RH, Home Depot and more
  + stars: | 2023-05-16 | by ( Michelle Fox | ) www.cnbc.com   time to read: +4 min
Western Alliance Bancorp — Western Alliance shares jumped 3.6% after Bank of America reinstated coverage on the stock with a buy rating. Home Depot , Lowe's — Shares of home improvement retailers Home Depot and Lowe's lost 1.4% and 1% in midday trading Tuesday. On Monday, Daniel Welch, a director at Seagen, disclosed the sale of 1,864 shares, a stake worth more than $370,000. GE HealthCare — The medtech company's shares gained nearly 3% after Oppenheimer initiated coverage with an outperform rating on Monday. GE HealthCare separated from parent company General Electric earlier in 2023 and began publicly trading on the Nasdaq Jan. 4.
☆ Jim Cramer's top things to watch in the stock market Tuesday
  + stars: | 2023-05-16 | by ( Jim Cramer | ) www.cnbc.com   time to read: +3 min
As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.
☆ How Wall Street pros traded 7 of our Club stocks, including Salesforce, in the first quarter
  + stars: | 2023-05-16 | by ( Kevin Stankiewicz | In Kevinstankiewicz | ) www.cnbc.com   time to read: +9 min
Lots of Club holdings, including Nvidia (NVDA) and Alphabet (GOOGL), were among the stocks traded by some of Wall Street's biggest investors and money managers in the first quarter. That firm, Jeffrey Ubben's Inclusive Capital, had owned 1.63 million Salesforce shares at the end of December, worth nearly $217 million at the time. Jeff Smith's Starboard Value also sold some Salesforce shares in Q1, leaving the firm with 2.5 million shares at the end of March. Mason Morfit's ValueAct Capital amplified its Salesforce stake in the first quarter, ending with 3.5 million shares, up from just 560,221 shares at the end of 2022. Loeb's Third Point amassed 4.75 million shares of Alphabet, worth $492.7 million at the end of the first quarter.
☆ Dan Loeb's Third Point takes a stake in Alphabet, making it one of his biggest bets
  + stars: | 2023-05-16 | by ( Yun Li | ) www.cnbc.com   time to read: +1 min
Dan Loeb's Third Point built a sizable stake in Google parent Alphabet in the first quarter, according to a new regulatory filing. The hedge fund added a position in Alphabet worth nearly $500 million at the end of March, making it the fund's fifth biggest holding, the SEC filing showed. Shares of Alphabet rallied almost 12% this month alone, pushing its 2023 gain near 36%. Third Point kept its biggest holdings — PG & E , Colgate-Palmolive , Danaher and Bath & Body Works — relatively unchanged last quarter. In other bets, Loeb added a new stake in Salesforce , worth $160 million at the end of March.
☆ Pershing Square unveils new stake in Alphabet
  + stars: | 2023-05-15 | by ( ) www.reuters.com   time to read: 1 min
May 15 (Reuters) - Billionaire investor William Ackman has built a new stake in Alphabet (GOOGL.O) worth $1.1 billion, according to a regulatory filing on Monday. According to the filing, Ackman's hedge fund Pershing Square Capital Management owned 8.1 million class C shares and 2.2 million shares class A of Alphabet at the end of the first quarter. Reporting by Pushkala Aripaka in Bangalore Editing by Chris ReeseOur Standards: The Thomson Reuters Trust Principles.
☆ Ackman's Pershing Square reveals new $1 billion bet on Alphabet
  + stars: | 2023-05-15 | by ( Samantha Subin | ) www.cnbc.com   time to read: 1 min
Bill Ackman's Pershing Square Capital Management opened a new position in Alphabet totaling nearly $1.1 billion during the first quarter, according to securities filings released Monday. The hedge fund bought more than 10 million shares — about 2.2 million class A and 8.1 million class C — of the Google search engine parent as the company benefited from artificial intelligence tailwinds and investors deeming tech giants as defensive stalwarts. Alphabet shares have gained 32% year-to-date. Elsewhere, Ackman trimmed his positions in Lowe's Companies , Hilton Worldwide and Chipotle Mexican Grill . The hedge fund maintained its stake in Restaurant Brands International and made only a nominal change in Canadian Pacific .
☆ There are limited options to fix the banking crisis, but one is gaining support
  + stars: | 2023-05-04 | by ( Jeff Cox | ) www.cnbc.com   time to read: +4 min
Ackman didn't provide specifics on how he thinks a deposit guarantee program would work, but he said one is essential to restore investor confidence in regional banks. That has put pressure on midsize banks, and the S & P Regional Bank ETF has fallen 40% year to date. Short sellers have ganged up on some regional banks on the prospect that even those that are rescued or merged will see stock holders wiped out. "Renewed stress among regional bank stocks after market close may cause [Washington, D.C.] to reconsider priorities," Mayo said in a client note. "Unfortunately, there is a significant disconnect between the renewed pressure on regional banks and DC's posture," Mills said in a note.
<< prev 2 next >>
Total: 25