Billionaire Bill Ackman Invests $1B

Bill Ackman Shifts $1.039 Billion from Canadian Pacific to Amazon

• Pershing Square Capital sold $1.039 billion in Canadian Pacific shares.
• The position accounted for 8.7% of the firm’s holdings.
• Proceeds were reinvested in Amazon and other companies like Hertz and Uber.
• Ackman maintains a strong belief in Canadian Pacific’s long-term potential.
• Amazon’s stock closed at $200.99, down over 1% on the day of the announcement.

Bill Ackman’s Pershing Square Capital exited its Canadian Pacific position, valued at $1.039 billion, reallocating funds into Amazon and other investments while expressing confidence in Canadian Pacific’s future prospects.