Pershing Square buys Hertz, Amazon and Meta, exits Hilton and Nike

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Fri, February 13, 2026 at 1:05 AM GMT+9 1 min read

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•                                       StockStory Top Pick 
  

  META

  -2.86%

 CMG  

 -1.54%  

 

 

 HLT  

 +1.31%  

 

 

 AMZN  

 -2.91%  

 

 

 CP  

 -0.57%  

In Pershing Square’s annual investor presentation, the firm announced new positions in Hertz (HTZ), Amazon.com (AMZN) and Meta Platforms (META). In 2025, Pershing said it exited positions in Chipotle (CMG), Canadian Pacific Kansas City (CP) and Nike (NKE). It exited Hilton (HLT) shares in 2026. Pershing believes believe concerns around Meta’s “AI-related spending initiatives are underestimating the company’s long-term upside potential from AI.” Hertz is a “leading vehicle rental provider in the early stages of a turnaround with asymmetric upside,” the firm noted. It believes Amazon “operates two of the world’s great, category-defining franchises.”

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