Ackman teases four new stock bets in new fund
Ackman teases four new stock bets in new fund NEW YORK, June 15 (Reuters) - Billionaire investor Bill Ackman said on Monday that he has made four new investments that will be held by his investment funds, including his newest offering Pershing Square USA, and that he would identify the companies later.
Ackman said in a post on X that he will disclose the names when he releases the investment firm's second-quarter report.
Ackman most recently added Microsoft to his portfolio, saying in May that he built the stake after the stock sold off.
Ackman's stock picks are closely watched on Wall Street and on X by his 2.4 million followers.
Ackman said PSUS is trading at a roughly 20% discount to its net asset value. He said the discount occurred because of short-term technical factors related to the public listing in April.
(Reporting by Svea Herbst-Bayliss; Editing by Cynthia Osterman)
((svea.herbst@thomsonreuters.com; +617 233 2138; Reuters Messaging: svea.herbst.thomsonreuters.com@reuters.net))