Baupost Adds to Amazon and Alphabet Stakes, Takes New Pershing Square Position
Baupost increased its Amazon stake by about 20% to 3.74 million shares, making it the firm’s largest disclosed U.S. equity holding at roughly $892 million. It also raised its position in Alphabet and disclosed a small stake in Bill Ackman’s Pershing Square Inc. valued at nearly $13 million, plus a larger CME Group position worth about $137 million.