华尔街日报：10%仓位、20亿美元重注！Bill Ackman“抄底”Meta

Group 1 - Bill Ackman's Pershing Square has built a position in Meta worth approximately $2 billion, representing 10% of the fund's capital, with an average cost of $625 per share, and the stock has risen about 14% since the investment began [1][3][4] - The investment was disclosed during Pershing Square's annual investor meeting, where it was noted that Meta's business model is seen as one of the clearest beneficiaries of AI integration, enhancing content recommendation and personalized advertising capabilities [3][4] - Despite the positive outlook, Meta's stock price remained relatively stable on the day of the holding disclosure, contrasting with previous investments by Ackman that led to significant stock price increases [4] Group 2 - Pershing Square has also increased its stake in Amazon, recognizing it as having the largest cloud business by market share and being a dominant player in retail e-commerce [4] - The fund maintains a concentrated investment style, holding only 13 stocks as of the end of 2025, including major tech companies like Alphabet and Amazon, while recently liquidating positions in Chipotle Mexican Grill and Hilton Worldwide [7][8] - Meta has become the third-largest tech stock holding for Pershing Square, reflecting Ackman's preference for a few high-conviction investments rather than a diversified strategy [8][9]