Bill Ackman Reinvests in Netflix After Selling at a Loss
Bill Ackman disclosed new holdings from the second quarter, including purchases of Netflix, Visa, Mastercard, Alcon, Intercontinental Exchange, and S&P Global across his funds. Pershing Square previously held Netflix briefly in 2022 before selling at a loss. Ackman cites expected earnings growth as the main driver and exited an estimated $1.5 billion Universal Music Group position after the company rejected his $65 billion bid.