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Ackman dumped Berkshire, bought Lowe's recently with fund up 20%+

  • Shares of LOW recovered off their lows after the call began.
  • NOTE: In the latest 13F filings from hedge fund managers, Pershing Square disclosed that BX and PK were new positions. He added to LOW and Berkshire in that disclosure for the quarter ended March 31.
  • Ackman boosted his notoriety in recent months after his interview on CNBC in which he decried the Covid-19-related impacts that could befall the economy if the U.S. didn't take strong steps. The U.S. Government later stepped in with support measures, and the market recovered.
  • Ackman later disclosed that he exited his hedges and booked a multi-billion dollar profit.

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