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Benzinga
Benzinga
Business
Surbhi Jain

Bill Ackman's Hertz Stake Is Starting To Look Like His Next Chipotle Moment

Bill Ackman Hertz Chipotle HTZ Chipotle Mexican Grill Inc. CMG Hertz Global Holdings Inc HLT Pershing Square Capital Gil West
Hertz

When billionaire Bill Ackman quietly built a $104 million position in Hertz Global Holdings Inc. (NASDAQ:HTZ) this summer, few noticed. It was a small 0.76% slice of Pershing Square Capital's portfolio — easy to miss next to his billion-dollar stakes in Chipotle Mexican Grill Inc (NYSE:CMG) and Hilton Hotels Corp (NYSE:HLT).

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