Overview
- On Monday Ackman posted on X that his funds have taken four new equity positions and that he will name those holdings in Pershing Square’s second‑quarter report.
- Pershing Square USA has deployed roughly 85% of its capital across 12 companies since its April 29 IPO and currently trades at an estimated 20% discount to NAV.
- About 42% of Pershing Square’s invested assets sit in three stocks: Amazon (15.3%), Brookfield (14.9%), and Microsoft (12.2%).
- Ackman increased Amazon after the company announced up to $200 billion in capital spending for AI infrastructure and began accumulating Microsoft in February following a softer Azure growth report.
- Investors are waiting for the Q2 filing and later 13F disclosures to verify the four new positions and to see whether the firm’s AI and cloud‑focused positioning changes, a development that could affect fund flows and PSUS’s discount.