Billionaire Bill Ackman’s makes a number of moves that turn heads
Among other trades, the hedge-fund manager sells a big-name consumer giant and buys into a real estate company.
Warren Buffett's $1 trillion investment group, Berkshire Hathaway, has a history of buying consumer stocks.
One of Berkshire’s most famous consumer-focused investments is Coca-Cola (KO) , which it first bought into in the 1980s and still holds today.
In Q4 2024, Berkshire acquired positions in wine-and-liquor distributor Constellation Brands (STZ) for $1.24 billion and Domino's Pizza (DPZ) for $464 million. The two consumer brands were its largest purchases of the quarter.
Billionaire Bill Ackman recently said he wanted to build another Berkshire Hathaway.
Ackman is founder and chief executive of hedge-fund manager Pershing Square Capital Management.
According to a statement on Feb. 18, Ackman proposed to acquire 10 million new shares of real estate firm Howard Hughes Holdings (HHH) at $90 each, increasing its stake to 48% from 37.6%.
