Pershing Square buys Hertz, Amazon and Meta, exits Hilton and Nike
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In Pershing Square’s annual investor presentation, the firm announced new positions in Hertz (HTZ), Amazon.com (AMZN) and Meta Platforms (META). In 2025, Pershing said it exited positions in Chipotle (CMG), Canadian Pacific Kansas City (CP) and Nike (NKE). It exited Hilton (HLT) shares in 2026. Pershing believes believe concerns around Meta’s “AI-related spending initiatives are underestimating the company’s long-term upside potential from AI.” Hertz is a “leading vehicle rental provider in the
📄 Summary
In Pershing Square’s annual investor presentation, the firm announced new positions in Hertz (HTZ), Amazon.com (AMZN) and Meta Platforms (META). In 2025, Pershing said it exited positions in Chipotle (CMG), Canadian Pacific Kansas City (CP) and Nike (NKE). It exited Hilton (HLT) shares in 2026. Pershing believes believe concerns around Meta’s “AI-related spending initiatives are underestimating the company’s long-term upside potential from AI.” Hertz is a “leading vehicle rental provider in the