Bill Ackman's Pershing Square Capital took a new stake in Warren Buffett's Berkshire Hathaway.
Pershing Square bought about 3.5 million shares of Class B shares, worth about $685 million at Wednesday's close.
Ackman was on track for a record year halfway through 2019, with the net asset value of his publicly traded vehicle, Pershing Square Holdings, up 47.6% through August.Bill Ackman 's Pershing Square Capital took a new stake in Warren Buffett's Berkshire Hathaway, according to a new regulatory filing. Pershing Square bought roughly 3.5 million shares of Class B shares, worth about $685 million at Wednesday's close. This is the first new position for Ackman's fund since it bought Starbucks last year.
Ackman was on track for a record year halfway through 2019. The net asset value of his publicly traded vehicle, Pershing Square Holdings, rose 47.6% through August, according to a regular update to the fund'sPershing Square's recent rally is thanks to a handful of stock picks, including
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