In the fourth quarter, Pershing Square Capital Management raised its Amazon shareholding by 65%, elevating the e-commerce giant to one of the fund’s largest equity positions. This substantial allocation reflects a significant capital commitment and confidence in Amazon’s growth trajectory.

Alongside the Amazon increase, the hedge fund deployed $1.8 billion to initiate a stake in Meta Platforms, signaling a broader bullish stance on leading technology names. This dual move highlights Pershing Square’s strategy of concentrated bets in high-growth companies.

Analysts view Ackman’s large-scale purchases as a vote of confidence that could attract other institutional investors and potentially buoy Amazon’s share price. The stake increase may also pressure Amazon’s management to deliver strong operational results and innovate across its core retail, cloud and advertising businesses.