Pershing Square buys Hertz, Amazon and Meta, exits Hilton and Nike
At Pershing Square’s annual investor presentation, the firm announced new positions in Hertz (HTZ), Amazon.com (AMZN) and Goal Platforms (META). In 2025, Pershing said he abandoned positions at Chipotle (CMG), Kansas City, Canadian Pacific (CP) and Nike (NKE). Left Hilton (HLT) stock in 2026. Pershing believes concerns around Meta’s “AI-related spending initiatives are underestimating the…