Billionaire Bill Ackman’s investment firm is selling exposure to Google, Uber and two additional equities – while holding onto a popular memestock.
A new 13F filing from Pershing Square Capital Management shows the firm sold 519,007 shares of Alphabet (GOOGL) in Q3, representing a 10% decrease from its Q2 holdings.
Pershing Square also sold small levels of exposure to Uber (UBER), Restaurant Brands International (QSR) and the Canada-based global alternative asset manager Brookfield Corporation (BN).
Despite the trimming, the firm is holding strong to what many consider to be the original memestock.
Pershing Square holds more than 15.241 million shares of Hertz Global Holdings (HTZ) worth over $103.639 million as of Q3 2025.
The car rental company’s stock is up about 30% year-to-date after witnessed a retail investing frenzy in 2020 to 2021.
That’s when the company filed for bankruptcy but saw its shares surge by up to 800%, driven by social media hype and retail investors targeting short sellers.
Pershing Square’s other holdings include Howard Hughes Holdings (HHH), Amazon (AMZN), Chipotle Mexican Grill (CMG), Hilton Worldwide Holdings (HLT) and Seaport Entertainment Group (SEG).
The firm has $14.643 billion in assets under management.
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