Billionaire Bill Ackman Just Revealed His Newest Position. Here's Why I Think the Stock Is a Screaming Buy.
Hedge fund manager Bill Ackman took to social media to reveal the newest position in his portfolio.
On Friday, Feb. 7, hedge fund manager Bill Ackman took to social media platform X (formerly Twitter) to reveal his firm's newest stock position. This is quite unusual, as investors typically need to wait until institutional investors publish a Form 13F following the end of a quarter to see which stocks they recently bought and sold.
Below, I'm going to analyze Ackman's latest position and make the case for why I think this particular stock is one to buy hand over fist right now.
According to Ackman's remarks, his hedge fund, Pershing Square Capital Management, started accumulating shares of Uber Technologies (NYSE: UBER) in the beginning of January. As of this writing, Pershing Square holds 30.3 million shares of Uber.
