Meet Billionaire Bill Ackman's Newest Artificial Intelligence (AI) Stock, Which I Predict Will Become Wall Street's First $5 Trillion Company (Hint: It's Not Nvidia)

About a month and a half into each new quarter, every institutional fund that manages more than $100 million in qualifying assets is required to file a Form 13F with the Securities and Exchange Commission (SEC). The 13F documents all the investments the fund holds at the end of the prior quarter. Looking at these filings can be quite interesting for retail investors, as they show what Wall Street's high-profile investors have been up to recently.Billionaire investor Bill Ackman founded hedge fund Pershing Square Capital Management, and serves as its CEO. Pershing Square's latest 13F, filed a couple of weeks ago, didn't contain many surprises. But in the days since, the public has gotten word of Ackman's latest investment.According to recent news reports, Pershing Square has initiated a position in Amazon (NASDAQ: AMZN). From what's been reported so far, it sounds like Pershing Square started buying shares of the e-commerce and cloud computing giant in April. Because that was after the end of the first quarter, the position was not reported in the hedge fund's most recent 13F.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool