Between March 12 and March 18, 2020, Pershing invested 2.05 billion dollars buying stocks while simultaneously selling off the hedge (1.3B sold), resulting in a net long position increase of 3.35 billion dollars despite total equity of only 7.5 billion—a very aggressive deployment.
factualpending
Speaker
Bill AckmanEvidence Quote
“we've invested two billion fifty million between March 12th and March 18th or 12:30 in the stock market”
Source
Bill Ackman: Dealing with Haters, My Largest Trade Ever, and Sounding the Alarm for the Government— The Knowledge Project PodcastCreated: 8/10/2026, 11:24:39 PM
My Notes
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