Billionaire Investor Bill Ackman Scooped Up Amazon Stake During Trump Tariff Sell-Off: Rep
May 23, 2025
Billionaire investor Bill Ackman’s Pershing Square Capital Management has taken a new position in Amazon, Reuters reported, citing the hedge fund’s disclosure to investors on a conference call.
Management told investors on Thursday that “the (its) most substantial move is Amazon,” and shares were bought last month.
Ackman, who has long admired Amazon, reportedly said that his firm was able to make the trade after the recent drop in the stock price.
Like all other major companies, Amazon’s shares got hammered recently after President Donald Trump announced sweeping tariffs on nearly all countries and a particular escalation with China.
The stock hit an eight-month low of $171 on Apr. 4. It has since gained over 20%, jumping after the U.S. paused most of those tariffs and held negotiations with China.
China is significantly important for U.S. businesses as a large buyer and manufacturer of all sorts of goods.
“We felt that the company would be able to work through any slowdown in the cloud computing division, Amazon Web Services, and we did not judge that tariffs would have a material impact on the earnings in the retail business,” chief investment officer Ryan Israel was quoted as saying by Reuters.
Ackman is one of the most significant activist investors in the U.S. He has successfully pushed for changes at major companies, including Procter & Gamble (PG), Chipotle Mexican Grill (CMG), and Target (TGT).
According to the report, Pershing Square had also added stakes in car rental company Hertz (HTZ) and cab major Uber (UBER).
The investor exited its position in Canada-listed Canadian Pacific and trimmed its investments in Chipotle and Hilton (HLT), among others.
AMZN shares are down 7.4% this year.
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