Pershing Square recently made new investments in Visa, Mastercard, Netflix, S&P Global, Intercontinental Exchange and Alcon.
Resolved true The record shows it happened or was so.
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
True: Pershing Square's filings or reports from shortly before 2026-08-12 (e.g., the Q2 2026 13F, PSH's interim report or letter) show new positions in all six companies: Visa, Mastercard, Netflix, S&P Global, Intercontinental Exchange and Alcon, none of them held immediately before. Mostly true: five of the six are confirmed as recent new positions and the sixth was a small or slightly earlier position. Mixed: about half of the six are confirmed as recent new positions. Mostly false: only one or two are confirmed, or most were long-held or older positions. False: none were recent new investments, or Pershing Square did not hold these stocks.
Set before the research began.
Evidence (4)
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E1 Bill Ackman Portfolio: Pershing Square 13F, Q2 2026 | GetSignal GetSignal · 30 June 2026
“Comparing the Q2 2026 filing with the quarter before, the largest moves were opening a position in V, opening a position in MA, opening a position in SPGI and opening a position in NFLX.”
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E2 What Bill Ackman Bought and Sold in Q2 2026 | Talval Talval · 14 August 2026
“Bill Ackman opened 5 new positions in Q2 2026: VISA INC (V), MASTERCARD INCORPORATED (MA), S&P GLOBAL INC (SPGI), NETFLIX INC. (NFLX), PERSHING SQUARE USA LTD (PSUS).”
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E3 PS-Inc.-2Q26-Letter-to-Shareholders.pdf - Pershing Square Pershing Square Inc. · 12 August 2026 Own record
“Alcon and Intercontinental Exchange were initiated subsequent to June 30, 2026, therefore, no share price performance is provided.”
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E4 Ackman's Q2 2026 Overhaul: Six New Positions and Two Big Exits at Pershing Square InvestorLens · 21 October 2026
“According to press coverage of the filing, Pershing Square opened six new positions: Visa (V), Mastercard (MA), Netflix (NFLX), S&P Global (SPGI), Intercontinental Exchange (ICE), and Alcon.”
Reasoning
Independent analyses of the Q2 2026 13F (E1, E2) show that Pershing Square opened new positions in Visa, Mastercard, S&P Global and Netflix during the quarter. Pershing Square's Q2 2026 shareholder letter (E3), which is one of the reports the resolution criteria name, says it started positions in Alcon and Intercontinental Exchange after June 30, 2026. That explains why those two do not appear in the Q2 13F. A later independent report (E4) also lists all six as new positions, citing press coverage of the filing, though it places all six in the Q2 filing; read together with E1–E3, all six were recent new investments.
Cite this claim
Bill Ackman, “Pershing Square recently made new investments in Visa, Mastercard, Netflix, S&P Global, Intercontinental Exchange and Alcon.” (said 12 August 2026). Verdict: resolved true. Reliability API, claim c_c75728312ace, method 0.1.0+c876030c, dataset release v1.1.2. https://epistacklabs.com/claims/c_c75728312ace
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
“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.”
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Mixed
“It has been nearly eight years since we have made a so-called “activist” investment.”
Pershing Square has not made an activist investment in nearly eight years.
Verdicts are made automatically; how verdicts are made.