Bill Ackman Holds 10.5% of His Portfolio in Amazon, Citing AI and AWS Growth
Pershing Square Capital Management, led by billionaire Bill Ackman, holds a significant stake in Amazon with nearly $2 billion invested as of June 30, representing 10.5% of its portfolio. Despite trimming the position slightly during reallocation efforts, Pershing remains bullish on Amazon due to strong growth drivers like AWS and retail performance. Ackman attributes his confidence to AI-driven demand for cloud infrastructure, with Amazon planning $220 billion in capital expenditures this year—up from around $132 billion last year. He highlights that AWS has seen revenue grow over 30% so far in 2026 and expects continued momentum as the world adopts more artificial intelligence. The retail segment is also showing strength, with first-quarter unit volume growth of 15%, its highest since 2021. Ackman believes Amazon can compound earnings at a rate exceeding 20% annually due to these factors.
Topics: AI infrastructure Amazon AWS Bill Ackman Pershing Square