Pershing Square acquired more than 3.1 million shares of Netflix over several days from Friday, making it a top-20 shareholder.
Unresolvable The public record could not settle it.
Factual: Statements about the present or the past, checked against the record: did they hold up?
Said for an organisation they lead or work for; it counts on both records.
What would count as true or false
Judged as of 26 January 2022. True: Pershing Square's 13F or other filings, or reliable shareholder-ranking data, show it held more than 3.1 million Netflix shares acquired in late January 2022, and that this placed it among Netflix's top 20 holders. Mostly true: the purchase happened as described, but the share count is slightly off (about 3.0–3.1 million) or the top-20 ranking is borderline (around 20th to 25th), or the timing of the days of buying differs slightly. Mostly false: Pershing bought Netflix shares, but far fewer than 3.1 million, or it was clearly not a top-20 holder. False: the filings show Pershing made no such Netflix purchase in that period.
Set before the research began.
Evidence (3)
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E1 Netflix shares rebound after well-known investor Bill Ackman takes a big stake | Fortune Fortune (article by Bloomberg, bylined Sebastian Tong and Bloomberg) · 26 January 2022
“We recently purchased more than 3.1m shares of @Netflix which makes us a top-20 holder.”
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E2 Netflix shares rebound after well-known investor Bill Ackman takes a big stake | Fortune Fortune (article by Bloomberg, bylined Sebastian Tong and Bloomberg) · 26 January 2022
“Pershing bought the Netflix shares beginning Friday and over the last few days, funded by the unwinding of the “substantial majority” of its interest-rate hedge, which generated proceeds of $1.25 billion, Ackman said in a letter to Pershing shareholders he tweeted.”
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E3 Netflix stock gets a boost after hedge fund Pershing Square invests Los Angeles Times · 27 January 2022
“Pershing Chief Executive Bill Ackman said on Twitter that his firm recently purchased more than 3.1 million shares in Netflix. That’s about a 0.68% stake in Netflix, according to the Wall Street Journal.”
Reasoning
E1 and E2 (Bloomberg via Fortune) only reproduce Ackman's tweet and shareholder letter saying Pershing bought more than 3.1 million Netflix shares, starting on a Friday, and became a top-20 holder. E3 (LA Times) repeats the same figure from Ackman's tweet. E3 also says the purchase is a stake of about 0.68%, according to the Wall Street Journal, but does not say how that figure was worked out. No 13F, other filing or independent shareholder-ranking data confirms the share count or the top-20 ranking, so all the support traces back to the subject's own statements.
Cite this claim
Bill Ackman, “Pershing Square acquired more than 3.1 million shares of Netflix over several days from Friday, making it a top-20 shareholder.” (said 26 January 2022). Verdict: unresolvable. Reliability API, claim c_4c07ccd8b954, method 0.1.0+c876030c, dataset release v1.1.2. https://epistacklabs.com/claims/c_4c07ccd8b954
This claim is in dataset release v1.1.2, with the same verdict.
Reply to this claim
More factual claims by Bill Ackman
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Mixed
“You own a portfolio of our best ideas, and it’s trading at an 18% discount to cash.”
PSUS holds a portfolio of Pershing Square's best ideas and trades at an 18% discount to cash.
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Mostly true
“This lower return reflects the 35% discount to NAV at which PSH's stock currently trades.”
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Resolved true
“We recently made new investments in Visa (V), Mastercard (MA), Netflix, S&P Global, Intercontinental Exchange, and Alcon (ALC), companies we have closely followed for years.”
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Resolved true
“Streetwise is now available for sale. Please see my review below.”
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Mixed
“Our new independent directors include long-term investors in PSH and the Pershing Square funds as well as new investors in the management company.”
Verdicts are made automatically; how verdicts are made.