Salesforce Stock Has Surged as AI and Anthropic Bets Pay Off, But Technical Risks Remain
Salesforce stock has surged to its highest level in months as its AI and Anthropic bets paid off, but its technical risks remain
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Pershing Square took multiple new positions in the second quarter. A look at the portfolio changes and top holdings.
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Salesforce stock has surged to its highest level in months as its AI and Anthropic bets paid off, but its technical risks remain
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Bill Ackman's Pershing Square hedge fund has delivered a 20% gross annual return since its 2004 inception, outperforming the S&P 500's 11%. The newly launched Pershing Square USA closed-end fund, which tracks the core strategy with a concentrated portfolio of 12 stocks, has declined 21% since its April IPO at $50 per share. Ackman plans to launch Pershing Square Ventures later in 2026 to provide public investors access to pre-IPO, high-growth companies.
Purpose Investments announced adjustments to the risk ratings of four of its income-focused ETFs effective September 3, 2026. The changes resulted from a periodic review to determine appropriate risk levels under standardized classification methods. No changes were made to the funds' investment objectives, strategies, or management.