Billionaire Bill Akkam is a great bet on the devastating e -commerce giant

What is it required to build Hathaway in the modern era?

Bill Akkam may have some ideas – and he puts them quietly in the movement.

The billionaire hedge fund manager, known for the bold bets and very concentrated investments, has occupied the headlines over the past few weeks, including some major purchases and customs tariff comments.

On May 5, Pershing Square Capital Management announced a $ 900 million deal to get 9 million recently released from Howard Hughes Holdings ((Hhh)) Ackman plans to turn into a “modern version of Berkshire”.

Berkshire Hathaway was the group that Warren Buffett turned from a troubled fabric manufacturer into a holding company that owns a variety of companies, including insurance, facilities and retail trade. Investors see it as a long -term investment model directed towards value.

Fortunately, our asset starting base will not be a woven company that dies, but it is a very good work, “Ackman wrote on X.

This same idea is to purchase strong businesses and its long -term contract appears elsewhere in the Ackman wallet.

Bill Akman has made some prominent purchases over the past few weeks.Photo and colon source; SISKIN & Sol; McMullan via Getty Images

Ackman’s Pershing Square is honored with a very focused wallet of 11 possession.

The box has achieved strong returns over time. 42.17 % have returned over the past three years and 149.55 % over the past decade, according to data from Stockcircle.

Related: billionaire Bill Akman receives Frank’s message from 3 words about the war of tariffs

On May 22, Ackman told the customers that its hedge box bought Amazon.com shares, Inc. ((amzn)) Last month, the bet will continue to grow as it was found that President Donald Trump’s tariff had a lower impact on consumers than expected.

Amazon is one of the most valuable companies in the world with a market value of more than $ 2 trillion. Its business extends to e -commerce, cloud computing, logistics and digital ads.

The stock decreased by more than 30 % after the Trump tariff declared, as investors worried about possible high costs and the weakest demand in the global retail field in Amazon.

However, the CEO of Amazon and Jassy told investors this week that the customs tariff did not significantly affect consumer spending or average sales prices. Ackman also believes that the customs tariff will not have a “material effect on profits in the retail trade.”

Ryan Israel, the chief investment official in Birching Square, said the hedge fund bought Amazon shares at a “very attractive” price. He also expressed confidence that Amazon is able to deal with any possible slowdown in its cloud works, Amazon Web Services.