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Bill Ackman's Hertz Stake Is Starting To Look Like His Next Chipotle Moment
Benzinga·2025-11-04 18:43

When billionaire Bill Ackman quietly built a $104 million position in Hertz Global Holdings Inc. (NASDAQ:HTZ) this summer, few noticed. It was a small 0.76% slice of Pershing Square Capital's portfolio — easy to miss next to his billion-dollar stakes in Chipotle Mexican Grill Inc (NYSE:CMG) and Hilton Hotels Corp (NYSE:HLT).Track HTZ stock here.But after Hertz shocked Wall Street with its first profit in nearly two years, that "small" position suddenly looks a lot like a familiar Ackman setup: the Chipotle ...