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    Home > Finance > Pershing Square's Ackman confirms sale of some of its UMG shares
    Finance

    Pershing Square's Ackman confirms sale of some of its UMG shares

    Published by Global Banking & Finance Review®

    Posted on March 14, 2025

    1 min read

    Last updated: January 24, 2026

    Pershing Square's Ackman confirms sale of some of its UMG shares - Finance news and analysis from Global Banking & Finance Review
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    Quick Summary

    Bill Ackman of Pershing Square sold part of its UMG shares, reducing its stake from 27% to 17%, yet keeping it as the largest portfolio position.

    Ackman Confirms Sale of Some Pershing Square UMG Shares

    PARIS (Reuters) - Pershing Square CEO Bill Ackman confirmed on Thursday his firm had sold some of its shares in Universal Music Group (UMG).

    "We decided to sell a portion of our UMG position today," he wrote on X.

    "UMG was our largest position going into the day at more than around 27% of our capital. After the sale, it will still be our largest position at about 17% of the portfolio," he said.

    (Reporting by Sudip Kar-Gupta; Editing by Chris Reese)

    Key Takeaways

    • •Bill Ackman confirms sale of UMG shares.
    • •UMG was Pershing Square's largest position at 27%.
    • •Post-sale, UMG remains largest at 17% of portfolio.
    • •Ackman shared the news on social media platform X.
    • •The sale impacts Pershing Square's investment strategy.

    Frequently Asked Questions about Pershing Square's Ackman confirms sale of some of its UMG shares

    1What is the main topic?

    The main topic is the sale of some UMG shares by Pershing Square, as confirmed by CEO Bill Ackman.

    2Why did Ackman sell UMG shares?

    Ackman sold UMG shares to adjust Pershing Square's investment portfolio while maintaining UMG as its largest position.

    3How much of UMG does Pershing Square still hold?

    After the sale, Pershing Square holds 17% of its portfolio in UMG shares.

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