(PSHZF), Chipotle Mexican Grill, Inc. (NYSE:CMG) - Bill Ackman Crushed The Market Again In 2020
Ackman also made headlines this year by raising $4 billion to launch his Pershing Square Tontine Holdings Ltd (NYSE: PSTH) SPAC, which is now the largest SPAC in the market. At the time of the IPO in July, Ackman said the SPAC planned to take about six months to identify a target and announce a deal in the first quarter of 2021. Even after Pershing Square’s big run in 2020, the stock still trades at a significant discount to NAV. Pershing’s stock investing portfolio is relatively concentrated. As of the firm’s most recent quarterly filing, Pershing held shares of just seven stocks.
Source: benzinga.com