"Undoubtedly, the latest round of 13-F filings was released, and in the third quarter, there were no new buys, only very slight trims in a few names. For the most part, the third quarter might be viewed as unremarkable, especially when you consider how small the recent trims were. Given the recent tech rally, I'd argue that Ackman and company were wise to ring the register a bit without making drastic moves to the portfolio."
"In any case, let's zoom back a quarter further and look at one of the most remarkable new bets of the year made over at Pershing Square, at least in my opinion. Back in the second quarter, Ackman's fund started a new position in Amazon ( NASDAQ:AMZN), a Magnificent Seven name that I think might be a table pounder, especially now that it's fresh off some outstanding quarterly earnings."
Pershing Square made only slight trims across a few holdings in the third quarter, with no new buys reported in the latest 13-F filings. The modest reductions reflected an effort to realize gains amid a broad tech rally while avoiding dramatic portfolio shifts. Rising valuations across sectors make limited buying activity prudent as markets potentially get choppier toward the fourth quarter of 2025. Pershing Square initiated a new Amazon position in the second quarter, adding exposure to a Magnificent Seven company fresh from strong quarterly results. Amazon's post-earnings pop was significant but has since given back much of its gains.
Read at 24/7 Wall St.
Unable to calculate read time
Collection
[
|
...
]