This Billionaire Was Scooping Up Shares of Amazon and Alphabet in Q2. Should Investors Follow Suit and Buy the Stocks?

Billionaire Bill Ackman was busy in the second quarter, investing in two of the world's largest tech companies. His hedge fund, Pershing Square Capital, started a new position in Amazon (NASDAQ: AMZN) and boosted its stake in Alphabet (NASDAQ: GOOGL) (NASDAQ: GOOG).Ackman is a well-regarded investor known for running a concentrated portfolio: As of June 30, Pershing Square Capital's portfolio had only 10 companies in it. So when it makes a big investment, it's worth it for retail investors to pay attention and consider whether they want to follow.Pershing established a new position in Amazon in the second quarter, picking up 5.8 million shares. That made it the fund's fifth-largest holding, accounting for 9.3% of its value as of Aug. 14.  Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool