25 Mar 2020 Bill Ackman exits market hedges, uses $2 billion he made to buy more stocks including Hilton ( Portfolio )

Ackman said he used the influx of cash to add to Pershing’s existing investments in Agilent, Berkshire Hathaway, Hilton, Lowe’s and Restaurant Brands. The fund also purchased “several new investments including reestablishing our investment in Starbucks,” which it had closed in January.