Billionaire Bill Ackman’s Pershing Square Capital Management Has 12.7% of Its Portfolio Invested in This Beaten-Down Stock

Key Points Uber Technologies has significantly lagged broader equities this year. Some investors are worried that autonomous vehicles will disrupt its business. However, Uber is seeking ways to overcome this challenge and has made headway. 10 stocks we like better than Uber Technologies › Pershing Square Capital Management, a hedge fund founded and led by the billionaire Bill Ackman, has underperformed the S&P 500 year to date. Its returns look much better when we zoom out and look at the past couple of decades, but right now, it is being dragged down by several underperforming stocks, including Uber Technologies (NYSE:UBER) . Missed AI’s "Act 1"? Act 2 Could Be 15x Bigger.