<ul class="summary-list"><li>Billionaire investor <keyword id="11908246" type="UNKNOWN" weightage="60" keywordseo="bill-ackman" source="Orion">Bill Ackman</keyword> has said he wouldn't trust Russian banks to stay solvent after the West cut many out of the SWIFT payment system.</li><li>"If I were Russian, I would take my money out now," Ackman said at the weekend.</li></ul><keyword id="11894337" type="UNKNOWN" weightage="60" keywordseo="russia" source="Orion">Russia</keyword>'s banks could soon be in big trouble after the US and its allies imposed tough new sanctions over the war in <keyword id="11985141" type="UNKNOWN" weightage="60" keywordseo="ukraine" source="Orion">Ukraine</keyword>, billionaire investor Bill Ackman has warned.The US, the EU, the UK and Canada over the weekend said they <a href="https://www.businessinsider.com/us-eu-announce-some-russian-banks-removed-from-swift-2022-2?utm_medium=ingest&amp;utm_source=markets">would cut select Russian banks'</a> out of a key global payments messaging system called SWIFT and also sanction the country's central bank. Analysts said the move could wreak havoc on Russia's financial system.Hedge fund titan Ackman weighed in over the weekend, <a href="https://twitter.com/BillAckman/status/1497584639938080773?s=20&amp;t=-JZnhHAUES9miqqSVw864g">saying on Twitter</a>: "I wouldn't want to keep money in a bank that can't access the SWIFT system."Once a bank can't transfer or receive funds from other banks, its solvency can be at risk. If I were Russian, I would take my money out now. Bank runs could begin in Russia on Monday."There were signs that bank runs could be starting on Saturday, when Ackman tweeted. The situation escalated on Monday, with news agencies reporting <a href="https://markets.businessinsider.com/ruble-hits-record-low-russians-rush-withdraw-us-dollars-atms-2022-2?utm_medium=ingest&amp;utm_source=markets">long queues at ATMs</a> in Moscow and other cities as people tried to withdraw foreign currency from banks, fearing that the Russian <keyword id="13245856" type="UNKNOWN" weightage="60" keywordseo="ruble" source="Orion">ruble</keyword> could collapse.However, it was too early to tell whether the situation would turn into a fully fledged <keyword id="13271918" type="UNKNOWN" weightage="60" keywordseo="bank-run" source="Orion">bank run</keyword> in which financial institutions run out of money to pay depositors.Read more: <a href="https://www.businessinsider.com/investing-strategies-hawkish-fed-tight-money-policy-russia-ukraine-invasion-2022-2?r=US&amp;IR=T" target="_blank" rel="noopener noreferrer">A Wall Street veteran weighs in on why escalating Russia-Ukraine tensions are unlikely to delay the Fed's hawkish campaign to raise rates — and shares 3 commodity-based strategies to leverage in this environment</a>Russia unleashed what could become the biggest war in Europe since 1945 last week when it invaded Ukraine. Western countries ramped up sanctions over the weekend, with a view to crippling the country's financial system.The country's currency, the <a href="https://markets.businessinsider.com/currencies/usd-rub">ruble</a>, was down around 20% Monday morning, according to Bloomberg data. It had earlier dropped more than 30%, but regained some ground after the central bank <a href="https://markets.businessinsider.com/news/bonds/russia-ukraine-war-central-bank-ruble-dollar-gold-sanctions-economy-2022-2">more than doubled interest rates</a> to try to lure capital back into the country and encourage people to keep their money in the banks.Sanctions and a tumbling currency pose a real danger to Russia's economy, analysts said.Banning banks from SWIFT means they'd have to shift to outdated systems such as fax or telex, adding to the pressure on the system, Commerzbank's Jorg Kraemer said."All of this will accelerate Russia's economic downturn," said Neil Shearing, chief economist at Capital Economics. "A fall in GDP of around 5% now looks likely."Ackman founded the investment company Pershing Square and is a widely respected investor. He has tweeted regularly about the Russia-Ukraine conflict, and suggested the US military should get more involved on Monday.<a href="https://www.businessinsider.com/live-updates-russia-ukraine-crisis-2022-2" target="_blank" rel="noopener noreferrer">Insider's live blog of the invasion</a> is covering developments as they happen.

Billionaire investor Bill Ackman says he wouldn't trust Russian banks after SWIFT sanctions – as bank runs begin in Moscow

<ul class="summary-list"><li><keyword id="11908246" type="UNKNOWN" weightage="60" keywordseo="bill-ackman" source="Orion">Bill Ackman</keyword> turned about $200 million in pandemic-related bets into payoffs totaling nearly $4 billion, according to the WSJ.</li><li>In early 2020, he put $27 million into instruments that would pay off if corporate bonds tumbled in value.</li><li>As 2020 ended, he spent $177 million on options linked to Treasury bonds that would pay off if rates rose over 18 months.</li></ul>Billionaire investor Bill Ackman turned about $200 million in complex, pandemic-related bets into payoffs totaling nearly $4 billion, <a href="https://www.businessinsider.com/reviews/out?u=https%3A%2F%2Fwww.wsj.com%2Farticles%2Fbill-ackman-scored-on-pandemic-shutdown-and-bounceback-11643634004%3Fmod%3Dhp_lead_pos6">The Wall Street Journal</a> reported Monday. The first bet happened early on in the pandemic. The CEO of Pershing Square Capital Management in February 2020 invested $27 million into instruments that would pay off if corporate bonds tumbled in value, the WSJ said. Ackman then sold his position a few weeks later for <a href="https://www.wsj.com/articles/ackman-has-big-win-on-bearish-market-bet-11585174856?mod=article_inline" target="_blank" rel="noopener">$2.6 billion</a> after investors realized that companies affected by the crisis might not be able to pay off their debts. The second bet occurred as 2020 was winding down. This time, he assumed consumer spending would soar, stoke high inflation, and prompt the Federal Reserve to respond with rate hikes to cool prices.So Ackman spent $177 million on options linked to Treasury bonds that would pay off if interest rates rose over the next one and a half years, the WSJ reported, citing investor documents and sources.Around March 2021, the investment had already <a href="https://assets.pershingsquareholdings.com/2021/04/12201719/Pershing-Square-Holdings-Ltd.-2020-Annual-Report-1.pdf-Letter-Only.pdf" target="_blank" rel="noopener">more than tripled</a>. And as investors grew more concerned about surging inflation, his stake just kept increasing in value.He began selling his position days before the Federal Reserve signaled on January 26 a more hawkish stance <a href="https://www.businessinsider.com/inflation-interest-rate-hike-march-federal-reserve-meeting-price-growth-2022-1">on rate hikes this year</a>, and had already netted $1.25 billion in profits ahead of the big market swings that followed Chairman Jerome Powell's press briefing.Ackman then plowed the profits into new post-pandemic bets. He spent the majority to buy <a href="https://markets.businessinsider.com/news/stocks/bill-ackman-pershing-square-netflix-stock-video-streaming-tech-shares-2022-1">3.1 million Netflix shares</a> worth $1.1 billion, saying the <a href="https://www.businessinsider.com/what-is-streaming?utm_medium=ingest&amp;utm_source=markets">streaming</a> service looked "extraordinarily attractive."As for the rest, the WSJ said the CEO invested in a smaller bet that interest rates will keep going up.

Bill Ackman reportedly made nearly $4 billion from $200 million in pandemic-related bets — and here are his next moves

<ul class="summary-list"><li><keyword id="11908246" type="UNKNOWN" weightage="60" keywordseo="bill-ackman" source="Orion">Bill Ackman</keyword>'s Pershing Square invested in <keyword id="11892922" type="UNKNOWN" weightage="60" keywordseo="netflix" source="Orion">Netflix</keyword>, buying about 3.1 million shares since Friday.</li><li>The billionaire's hedge fund now commands a roughly $1.1 billion stake in the streaming giant.</li><li>Netflix stock has tumbled 40% this year due to weak guidance and the broader tech sell-off.</li></ul>Bill Ackman disclosed a new, billion-dollar bet on <a href="https://markets.businessinsider.com/stocks/nflx-stock">Netflix</a> in a <a href="https://assets.pershingsquareholdings.com/2022/01/26170421/Pershing-Square-Capital-Management-L.P.-Releases-Letter-to-Investors-01-26-2022.pdf">letter to clients</a> on Wednesday.Ackman's Pershing Square has snapped up more than 3.1 million <a href="https://markets.businessinsider.com/stocks/nflx-stock">Netflix</a> shares since Friday, giving it a roughly $1.1 billion position, the billionaire investor revealed. His hedge fund's 0.7% stake makes it one of the video-streaming giant's 20 largest shareholders, he noted.Ackman and his team pounced on Netflix stock following its precipitous decline in recent weeks. The company's shares have almost halved in value since peaking at $701 in mid-November, and have plunged by 29% in the past four trading days alone.The latest decline was sparked by Netflix reporting <a href="https://markets.businessinsider.com/news/stocks/netflix-stock-outlook-why-3-analysts-downgraded-streaming-giant-nflx-2022-1">disappointing subscriber growth</a> in the fourth quarter, and warning that increased competition and pandemic-related disruptions would likely weigh on subscriber growth this quarter.Netflix shares have also been caught up in the broader sell-off of technology <keyword id="11893878" type="UNKNOWN" weightage="60" keywordseo="stocks" source="Orion">stocks</keyword> this week, which was fueled by concerns about inflation and the prospect of the Federal Reserve hiking interest rates this year."I have long admired Reed Hastings and the remarkable company he and his team have built," Ackman <a href="https://twitter.com/BillAckman/status/1486460691519361024">tweeted</a>, referring to Netflix's cofounder and co-CEO. "We are delighted that the market has presented us with this opportunity."Pershing Square began analyzing Netflix while sounding out its <a href="https://markets.businessinsider.com/news/stocks/bill-ackman-pershing-square-psth-spac-universal-music-stake-sec-2021-7">investment</a> in Universal Music Group last year, Ackman noted in his letter. He cited Netflix's subscription model, management team, and pricing power as some of the reasons he's bullish on the online media platform.The hedge fund manager also highlighted Netflix's exposure to the fast-growing streaming industry, its vast and diverse library of content, and its excellent user experience. Moreover, he underscored global improvements in bandwidth, and the proliferation of electronic devices that can be used to watch Netflix, as key drivers of its long-term success.Pershing Square funded its Netflix bet by cashing in most of its hedges against interest rates for about $1.2 billion, Ackman said in his letter.Read more: <a href="https://markets.businessinsider.com/news/stocks/stock-market-buy-the-dip-investing-advice-strategy-sectors-ubs-2022-1">Buy the dip in stocks in these 4 sectors despite a brutal market selloff that's crushed investor sentiment, UBS says</a>

Bill Ackman's Pershing Square reveals $1.1 billion Netflix stake after buying 3.1 million shares in 4 days

<ul class="summary-list"><li><keyword id="1150206" type="PERSON" weightage="60" keywordseo="Bill-Ackman">Bill Ackman</keyword>'s <keyword id="1817616" type="ORGANIZATION" weightage="60" keywordseo="SPAC">SPAC</keyword> deal to buy 10% of <keyword id="260817" type="COMPANY" weightage="60" keywordseo="Universal-Music-Group">Universal Music Group</keyword> is reportedly facing pushback.</li><li>The resistance, according to Bloomberg, is coming from Artisan Partners, a large shareholder of <keyword id="79244" type="COMPANY" weightage="60" keywordseo="Vivendi">Vivendi</keyword>, which Ackman's SPAC is buying the stake from. </li><li>"Selling off pieces of UMG to other investors in return for cash is a sub-optimal capital allocation decision," Artisan said.</li></ul>Bill Ackman's eagerly anticipated SPAC deal to <a href="https://markets.businessinsider.com/news/stocks/bill-ackman-pershing-square-spac-psth-universal-music-future-deals-2021-6-1030494453">buy 10% of Universal Music Group</a> is reportedly facing pushback, <a href="https://www.bloomberg.com/news/articles/2021-06-10/ackman-s-universal-music-deal-spurs-pushback-from-vivendi-holder?sref=0w5HLLb3">Bloomberg reported</a>. Ackman's <a href="https://markets.businessinsider.com/stocks/psth-stock?utm_source=markets&amp;utm_medium=ingestgest">Pershing Square Tontine Holdings</a> is looking to acquire the stake from Vivendi, a French media conglomerate. Vivendi then plans to list UMG on the Euronext Amsterdam exchange in the third quarter of 2021.But Artisan Partners, a shareholder of Vivendi, is said to be against the sale, raising questions on what will happen ahead of the <a href="https://www.vivendi.com/en/shareholders-investors/shareholders-meeting/">shareholders meeting on June 22</a>.<iframe width="1" height="8" frameborder="0"></iframe>"Selling off pieces of UMG to other investors in return for cash is a sub-optimal capital allocation decision," David Samra, Artisan portfolio manager, <a href="https://www.bloomberg.com/news/articles/2021-06-10/ackman-s-universal-music-deal-spurs-pushback-from-vivendi-holder?sref=0w5HLLb3">told Bloomberg</a>. "We would prefer that Vivendi spin off its entire ownership of UMG to the shareholders in a tax-efficient manner."He added: "Placing a tax burden on the shareholders of Vivendi through the de-merger process is unattractive. We believe management should find a tax-friendly solution."The deal with UMG would be the <a href="https://markets.businessinsider.com/news/stocks/bill-ackman-spac-psth-price-umg-confirm-talks-pershing-deal-2021-6-1030495495">largest SPAC transaction on record</a>, according to the <a href="https://www.wsj.com/articles/pershing-square-spac-nears-transaction-with-universal-music-group-11622756897">Wall Street Journal</a>, which first reported the news. It would have an enterprise value of about $42 billion.Ackman <a href="https://markets.businessinsider.com/news/stocks/bill-ackman-pershing-square-psth-spac-deal-universal-music-vivendi-2021-6-1030493427">beat out other rivals</a> for the stake including private equity group Hellman &amp; Friedman.

Bill Ackman's long-awaited SPAC deal for 10% of Universal Music reportedly faces pushback

<ul><li>Billionaire <keyword id="1150206" type="PERSON" weightage="60" keywordseo="Bill-Ackman">Bill Ackman</keyword>'s portfolio was up 42.4% at the end of July, outperforming the broader <keyword id="29547" type="PERSON" weightage="60" keywordseo="Market">market</keyword> through the same time period. </li><li>In the second quarter that ended in June, Ackman trimmed his portfolio to a small group of seven stocks, dropping <a href="https://markets.businessinsider.com/stocks/brk-b-stock">Berkshire Hathaway</a>, <a href="https://markets.businessinsider.com/stocks/pk-stock?_ga=2.195653861.813009935.1597851855-1315862975.1591278292">Park Hotels &amp; Resorts</a>, and <a href="https://markets.businessinsider.com/stocks/bx-stock?_ga=2.195653861.813009935.1597851855-1315862975.1591278292">Blackstone</a>. </li><li>Here are the seven stocks that remain in Ackman's market-beating portfolio. </li><li><a href="https://www.businessinsider.com/">Read more on Business Insider. </a></li></ul>After a solid start to the year, billionaire investor Bill Ackman's concentrated portfolio has continued to outperform the broader market, even as it rebounded from the <keyword id="8829783" type="UNKNOWN" weightage="60" keywordseo="coronavirus-pandemic">coronavirus pandemic</keyword> meltdown. <keyword id="4710267" type="PERSON" weightage="60" keywordseo="pershing-square-holdings">Pershing Square Holdings</keyword> had a net gain of 42.4% at the end of July, according to a <a href="https://assets.pershingsquareholdings.com/2020/08/03183737/Performance-Report-July-2020-PSH.pdf">monthly portfolio report.</a> In the same time period, the S&amp;P 500 gained only 1.2%.Some of the portfolio's outsized returns came after Ackman <a href="https://markets.businessinsider.com/news/stocks/bill-ackman-pershing-square-buys-13f-berkshire-hathaway-lowes-restaurant-2020-8-1029509648">reworked his portfolio in the second quarter</a>, which ended in June. According to a recent filing with the <a href="https://www.sec.gov/Archives/edgar/data/1336528/000117266120001845/xslForm13F_X01/infotable.xml">Securities and Exchange Commission</a>, Ackman slashed three stocks from his portfolio in the last quarter, trimming it to a tight group of seven companies from 10. Read more: <a href="https://www.businessinsider.com/stock-market-crash-risks-ceo-on-day-trading-powerless-fed-2020-8" target="_blank" rel="noopener">'Unintended detrimental consequences': A former Wall Street chief strategist says the Fed has driven flimsy stock-market highs that will come crashing down — and warns bullish day-traders will be futile to stop it</a>The investor and long-time Warren Buffett fan dumped all of his 5.5 million shares of <a href="https://markets.businessinsider.com/stocks/brk-b-stock">Berkshire Hathaway</a> in the second quarter, the SEC filing showed. He also exited much smaller positions in <a href="https://markets.businessinsider.com/stocks/bx-stock?_ga=2.195653861.813009935.1597851855-1315862975.1591278292">Blackstone</a> and <a href="https://markets.businessinsider.com/stocks/pk-stock?_ga=2.195653861.813009935.1597851855-1315862975.1591278292">Park Hotels &amp; Resorts</a>.On the flip side, Ackman also boosted existing positions in <a href="https://markets.businessinsider.com/stocks/low-stock">Lowe's</a> and <a href="https://markets.businessinsider.com/stocks/qsr-stock?utm_source=markets&amp;utm_medium=ingestgest">Restaurant Brands International</a>, the parent company of Burger King, Popeyes, and Tim Hortons. Here are the seven <keyword id="525588" type="PERSON" weightage="60" keywordseo="holdings">holdings</keyword> in Bill Ackman's $7.8 billion portfolio at the end of the second quarter, according to data from the SEC and <a href="https://www.gurufocus.com/guru/bill+ackman/current-portfolio/portfolio?gclid=EAIaIQobChMInNSpqsCn6wIVCYizCh0avAyQEAAYAiAAEgJeH_D_BwE">GuruFocus</a>. 1. Lowe's <ul><li>Ticker: <a href="https://markets.businessinsider.com/stocks/low-stock">LOW</a></li><li>Pershing portfolio value: $1.7 billion </li></ul>2. Restaurant Brands International<ul><li>Ticker: <a href="https://markets.businessinsider.com/stocks/qsr-stock">QSR</a></li><li>Pershing portfolio value: $1.3 billion</li></ul>Read more: <a href="https://www.businessinsider.com/stocks-to-buy-22-companies-for-strong-2021-earnings-ms-2020-8" target="_blank" rel="noopener">MORGAN STANLEY: Buy these 22 stocks that are slashing costs as sales take a hit from COVID-19 — putting them in position to smash the market as the economic recovery continues</a>3. Chipotle Mexican Grill<ul><li>Ticker: <a href="https://markets.businessinsider.com/stocks/cmg-stock">CMG</a></li><li>Pershing portfolio value: $1.2 billion </li></ul>4. Agilent Technologies Inc. <ul><li>Ticker: <a href="https://markets.businessinsider.com/stocks/a-stock">A</a></li><li>Pershing portfolio value: $1.1 billion </li></ul>5. Hilton Worldwide Holdings<ul><li>Ticker:<a href="https://markets.businessinsider.com/stocks/hlt-stock"> HLT</a></li><li>Pershing portfolio value: $1 billion </li></ul>Read more: <a href="https://www.businessinsider.com/stock-picking-strategy-7-part-model-market-legend-william-oneil-2020-8" target="_blank" rel="noopener">Stock-market wizard William O'Neil famously turned $5,000 into $200,000 in just a few years. Here's the 7-part model he uses to sniff out winning stocks.</a>6. Starbucks Corp.<ul><li>Ticker: <a href="https://markets.businessinsider.com/stocks/sbux-stock">SBUX</a></li><li>Pershing portfolio value: $746 million </li></ul>7. Howard Hughes Corp.<ul><li>Ticker: <a href="https://markets.businessinsider.com/stocks/hhc-stock?utm_source=msn.com&amp;utm_medium=referral&amp;utm_content=msn-slideshow&amp;utm_campaign=bodyurlutm_source=msn.com&amp;utm_medium=referral&amp;utm_content=msn-slideshow&amp;utm_campaign=bodyurlamp;utm_campaign=bodyurl">HHC</a></li><li>Pershing portfolio value: $567 million </li></ul>Read more: <a href="https://www.businessinsider.com/stock-market-investing-outlook-strategy-amid-historic-yields-morgan-stanley-2020-8">MORGAN STANLEY: A historic shift is taking place under the market's surface. Here are 5 reasons it could redefine the investing landscape as we know it.</a>

These are the only 7 stocks in billionaire Bill Ackman's market-beating portfolio

<ul><li><keyword id="1150206" type="PERSON" weightage="60" keywordseo="Bill-Ackman">Bill Ackman</keyword>'s blank-check company, <keyword id="9575100" type="UNKNOWN" weightage="60" keywordseo="pershing-square-tontine">Pershing Square Tontine</keyword> Holdings, started trading Wednesday on the New York Stock Exchange under the ticker "PSTH."</li><li>The company popped as much as 9% in its trading debut. </li><li>"What's new in our structure is it's the first <keyword id="1817616" type="ORGANIZATION" weightage="60" keywordseo="SPAC">SPAC</keyword> where we're taking no compensation," Ackman told <a href="https://markets.businessinsider.com/news/stocks/bill-ackman-tontine-ipo-taking-no-compensation-holdings-begins-trading-2020-7-1029421391">CNBC in a Wednesday interview.</a> </li><li><a href="https://www.businessinsider.com/">Read more on Business Insider. </a></li></ul>Units of <keyword id="2792643" type="PERSON" weightage="60" keywordseo="Pershing-Square">Pershing Square</keyword> Tontine Holdings, <a href="https://markets.businessinsider.com/news/stocks/bill-ackman-stock-market-outlook-long-term-bullish-america-bonds-2020-7-1029420641">Bill Ackman's</a> record-breaking blank-check company, popped as much as 9% to $21.74 each in its trading debut Wednesday. The special purpose acquisition firm, or SPAC, <a href="https://markets.businessinsider.com/news/stocks/bill-ackman-blank-check-spac-ipo-tontine-raise-record-market-2020-7-1029415963#">raised $4 billion in the largest initial public offering of its kind</a>. The company, which is now trading on the New York Stock Exchange under the ticker "PSTH," sold 200 million units at $20 a piece in the IPO. In addition to its record size, Ackman's latest SPAC is unique for another reason — Pershing Square will not take any compensation. "What's new in our structure is it's the first SPAC where we're taking no compensation," <a href="https://markets.businessinsider.com/news/stocks/bill-ackman-tontine-ipo-taking-no-compensation-holdings-begins-trading-2020-7-1029421391">Ackman told CNBC in a Wednesday interview</a>.Read more: <a href="https://www.businessinsider.com/stock-picks-to-buy-pharma-covid-19-coronavirus-vaccine-treatments-2020-7" target="_blank" rel="noopener">BANK OF AMERICA: Buy these 7 pharma stocks now as they race to develop COVID-19 treatments and vaccines</a>The fund was first announced in June and was initially slated to raise <a href="https://markets.businessinsider.com/news/stocks/bill-ackman-blank-check-company-tontine-ipo-looking-raise-billions-2020-6-1029331252#">$3 billion with 150 million units for $20 a piece.</a> But in July, <a href="https://markets.businessinsider.com/news/stocks/bill-ackman-boosts-blank-check-spac-ipo-target-billions-acquisition-2020-7-1029392640?utm_source=markets&amp;utm_medium=ingest#est#">Ackman raised the IPO target to $4 billion</a>. He also committed to put up to $3 billion of his firm's own funds into the SPAC, potentially bringing the company's total value to $7 billion. Now that the SPAC is public, its goal is to merge with a private company to take it public. Ackman has been down this road before — his fund Pershing Square Capital in 2011 helped Justice Holdings raise $1.4 billion, which it used the next year to merge with Burger King Worldwide and take it public. A previous regulatory filing for the fund said that it will focus on pursuing merger opportunities with private, large capitalization, high-quality, growth companies, or so-called "mature unicorns." Going public through a SPAC is increasing in popularity amid market volatility this year due to the coronavirus pandemic. So far in 2020, 47 SPACs have held IPOs, raising gross proceeds of $18.3 billion, according to <a href="https://spacinsider.com/stats/" target="_blank" rel="noopener">SPACInsider</a>, a website tracking data on the offerings.Read more: <a href="https://www.businessinsider.com/stock-market-investing-strategy-cheap-options-trades-for-earnings-kolanovic-2020-7">JPMORGAN: The most unloved group of stocks at the coronavirus crisis peak is now more appealing than ever before. Here are 3 trades to buy into while they're still super-cheap.</a>

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Billionaire investor Bill Ackman says he wouldn't trust Russian banks after SWIFT sanctions – as bank runs begin in Moscow

Harry Robertson

Bill Ackman reportedly made nearly $4 billion from $200 million in pandemic-related bets — and here are his next moves

Isabelle Lee

Bill Ackman's Pershing Square reveals $1.1 billion Netflix stake after buying 3.1 million shares in 4 days

Theron Mohamed

Bill Ackman's long-awaited SPAC deal for 10% of Universal Music reportedly faces pushback

Isabelle Lee

These are the only 7 stocks in billionaire Bill Ackman's market-beating portfolio

Carmen Reinicke

Bill Ackman's blank-check company pops 9% in its trading debut

Carmen Reinicke