20亿美元，Bill Ackman“抄底”Meta

Group 1 - Bill Ackman, a well-known hedge fund manager, has bet on Meta's success in the AI race, with his firm Pershing Square establishing a position of approximately $2 billion in Meta, accounting for 10% of the fund's capital, making it one of the largest holdings in the company [1][2] - Pershing Square began building its position in Meta in November of last year at an average cost of $625 per share, amidst investor concerns over Meta's significant spending in AI, which led to a 13% decline in the stock price over the past six months, creating an entry opportunity for the fund [2][3] - The fund believes that Meta's business model is one of the clearest beneficiaries of AI integration, stating that AI will enhance Meta's content recommendation and personalized advertising capabilities, and may open new opportunities in wearable devices or enterprise AI digital assistants [3] Group 2 - Pershing Square has also increased its stake in Amazon, citing it as having the largest cloud business by market share and being a dominant player in retail e-commerce [4] - As of the last trading day, Meta's stock price was $669, reflecting a cumulative increase of approximately 14% since Pershing Square's initial investment [4] - Unlike previous investments by Ackman that triggered significant market reactions, Meta's stock price remained relatively stable on the day of the holding disclosure, contrasting with the over 50% surge seen when Ackman invested in Hertz [7] Group 3 - Ackman is known for a highly concentrated investment style, with Pershing Square holding only 13 stocks as of the end of 2025, including other large tech companies like Alphabet and Amazon [8] - Meta has become the fund's third-largest tech stock holding, reflecting Ackman's preference for a few high-conviction targets rather than a diversified investment strategy [9] - Pershing Square achieved a return rate of 20.9% last year, outperforming the S&P 500 index by 17.9%, with major contributions from Alphabet, Fannie Mae, and Freddie Mac, although the fund experienced a 2.5% decline in January of this year [9] Group 4 - Since the establishment of the position in Meta, the stock has risen by 11%, with an additional 3% increase as of February 9 of this year, supporting the overall returns of Pershing Square [10] - In addition to Meta, Pershing Square made other significant investments in 2025, including a $900 million investment in real estate company Howard Hughes Holdings and up to $1 billion in support for the acquisition of insurance company Vantage Group Holdings [10] - Ackman aims to transform Howard Hughes into a diversified holding company similar to Berkshire Hathaway, indicating a shift in investment strategy towards deeper corporate value restructuring beyond mere stock selection [10]