Billionaire investor Bill Ackman's hedge fund, Pershing Square, exited its position in Canadian Pacific Kansas City (CPKC) during the first half of 2025. This divestment was confirmed in an investor letter, noting the fund's NAV per share increased by 15.5% in the first half of 2025 and 17.7% year-to-date through August 19, 2025.
The decision by a high-profile activist investor like Ackman to sell off his stake is a significant development for CPKC. Such moves by major institutional investors are closely watched by the market and can influence broader investor sentiment.
While the specific reasons for the exit were not detailed in relation to CPKC's performance, the action itself represents a notable change in Pershing Square's portfolio allocation. The fund simultaneously increased its bet on Amazon shares, indicating a shift in investment focus.
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