Billionaire hedge fund manager Bill Ackman strategically reduced his stake in Chipotle Mexican Grill just before the restaurant chain experienced a stock selloff and its CEO stepped down. Ackman’s move suggests he may have anticipated these events, highlighting his understanding of Chipotle’s business dynamics. This comes as Chipotle faces its worst quarter in over four years, with declining stock prices and a change in leadership.
Restaurant Brands International, a key holding in Bill Ackman’s Pershing Square Capital portfolio, reported mixed second-quarter results. While revenue surpassed estimates, driven largely by Tim Hortons, the stock has not reflected the optimism, with bearish technical indicators suggesting a bumpy ride ahead for investors.
Bill Ackman, a prominent billionaire hedge fund manager, has formally endorsed Donald Trump for the US presidency. In a post on X, he explained his reasons for supporting Trump and addressed criticisms against him.
