Ackman Bets $1.2 B on Amazon as Pershing Square Surges 25%

Lead Billionaire investor Bill Ackman deployed $1.2 billion into Amazon shares today, elevating the e-commerce giant to a 9 percent weighting in Pershing Square’s U.S. equity portfolio, as his flagship fund jumps 25 percent this year on Fannie Mae and Freddie Mac gains.

Nut Graf Ackman’s surprise addition of Amazon underscores his conviction approach amid a blockbuster rally driven by sizable government-sponsored enterprise holdings. The move comes as markets digest strong portfolio performance and ponder whether Pershing Square will pivot further into big tech.

Major Stake Shifts

• Amazon commitment: Pershing Square acquired roughly 5.82 million Amazon shares valued at $1.3 billion, marking the company as Ackman’s second-largest position after Uber.
• Uber remains top: Uber Technologies accounts for approximately 21 percent of Pershing Square’s U.S. equity exposure, valued at $2.8 billion.

Fund Performance Drivers

Pershing Square’s main vehicle has gained 25 percent year-to-date, led by outsized returns in Fannie Mae and Freddie Mac holdings. Those stakes have buoyed performance as broader markets face mixed signals on interest rates and economic growth.

Market Reaction and Rationale

Investors responded positively to Ackman’s Amazon move, viewing it as a vote of confidence in the company’s long-term growth and cash flow. In a statement, Ackman noted that Amazon’s infrastructure leadership and expanding cloud business offered a “compelling risk-reward profile” amid current volatility.

Looking Ahead

Pershing Square’s strategy of concentrated, high-conviction bets underpins Ackman’s reputation. Market watchers will be watching whether today’s Amazon investment signals a broader shift toward big tech or remains an opportunistic addition to a defensively positioned portfolio.