Billionaire Bill Ackman Just Bought Nearly $1.3 Billion of This Genius Artificial Intelligence (AI) Pick

Following what billionaire hedge fund managers make can be a great idea source for individual investors. While nobody should follow them blindly, understanding why they made purchases when they did can give investors a new perspective on the market.Every quarter, any firm with more than $100 million in investments must disclose to the SEC what its holdings were at the end of the quarter. These reports are then released to the public 45 days after the quarter's end in a Form 13F. This gives investors a gold mine of information to digest, and I think there's one important move that investors should take note of.Billionaire Bill Ackman and his Pershing Square Capital Management Fund took a massive, $1.28 billion stake in Amazon (NASDAQ: AMZN) during the quarter. Previously, they owned zero shares. But now, it makes up 9.3% of total assets. That's a huge call, but should investors follow his lead?Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool