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 readLast updated: January 24, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on March 14, 2025
1 min readLast updated: January 24, 2026
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.
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)
The main topic is the sale of some UMG shares by Pershing Square, as confirmed by CEO Bill Ackman.
Ackman sold UMG shares to adjust Pershing Square's investment portfolio while maintaining UMG as its largest position.
After the sale, Pershing Square holds 17% of its portfolio in UMG shares.
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