Pershing Square buys Hertz, Amazon and Meta, exits Hilton and Nike

4 days ago 10

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Thu, February 12, 2026 astatine 10:05 AM CST 1 min read

In Pershing Square’s yearly capitalist presentation, the steadfast announced caller positions successful Hertz (HTZ), Amazon.com (AMZN) and Meta Platforms (META). In 2025, Pershing said it exited positions successful Chipotle (CMG), Canadian Pacific Kansas City (CP) and Nike (NKE). It exited Hilton (HLT) shares successful 2026. Pershing believes judge concerns astir Meta’s “AI-related spending initiatives are underestimating the company’s semipermanent upside imaginable from AI.” Hertz is simply a “leading conveyance rental supplier successful the aboriginal stages of a turnaround with asymmetric upside,” the steadfast noted. It believes Amazon “operates 2 of the world’s great, category-defining franchises.”

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