1 of Billionaire Investor Bill Ackman's Newest Positions Is Down Roughly 21% This Year. A Wall Street Analyst Thinks Another 21% Decline Is Coming. Should Investors Sell the Stock?

Key Points One new tech position Ackman and his team initiated is the streaming platform Netflix. Netflix stock has gotten crushed, as investors worry about engagement trends. The shift to shorter-form content and potential for AI to disrupt the streaming industry has the market concerned. 10 stocks we like better than Netflix › In the second quarter of the year, Bill Ackman's Pershing Square Inc. put new money it had raised earlier this year to work by initiating a new position in the streaming giant Netflix (NASDAQ:NFLX) . At the end of the second quarter, the position was valued at over $934 million, consuming 4.8% of Pershing's $19.47 billion of assets at the time. Missed AI’s "Act 1"? Act 2 Could Be 15x Bigger.