Bill Ackman Invests $1.76 Billion in Meta, Sells Chipotle Stake
- Pershing Square Capital Management acquired over 2.67 million shares of Meta Platforms (META) worth $1.76 billion.
- Meta is currently trading at approximately $643, down over 10% from the previous year.
- Ackman’s firm sold its entire stake in Chipotle Mexican Grill (CMG), previously valued at about $844 million.
- Chipotle’s shares are trading around $38, reflecting a decline of nearly 29% in the past year.
- The firm reduced holdings in Alphabet (GOOG), Uber (UBER), and Restaurant Brands International Inc (QSR) during Q4.
- Pershing now manages a total of $15.5 billion in assets.
This strategic shift highlights Ackman’s focus on technology investments while divesting from underperforming stocks like Chipotle. The changes reflect broader market trends impacting major companies such as Alphabet and Uber, which have also seen fluctuations in their stock prices.
Ackman’s significant investment in Meta signals confidence in tech growth despite current market volatility, while the complete exit from Chipotle indicates a reassessment of value within his portfolio. (Source)
