economy
Seth Klarman's Hedge Fund Baupost Buys Into Ackman's Pershing Square, Adds to Tech Bets
The Boston-based investment firm disclosed a small stake in Pershing Square Inc., which trades under the ticker symbol PS.
TL;DR
- Baupost Group took a new position in Bill Ackman's Pershing Square Inc., valued at approximately $13 million.
- The firm established a larger position in CME Group, worth nearly $137 million.
- Baupost increased its Amazon stake by 20% to 3.74 million shares, making it the largest disclosed equity holding.
- The Alphabet stake was boosted by about 16%.
- The firm reduced its Restaurant Brands International position by over 16%.