《The Super Investors Are Buying BIG.》Pershing Square
万事达卡根据DCF被低估47%，利润率和高护城河使其成为有吸引力的投资。
Pershing Square本季度开设了四个全新仓位：Netflix、Visa、Mastercard和S&P Global。
Pershing Square opened four brand new positions this quarter: Netflix, Visa, Mastercard, and S&P Global.
值得注意的是，每一个仓位几乎都占Pershing Square投资组合的5%。所以，这肯定看起来有点像转向一群主导型企业，而不是像Ackman有时那样在本季度进行一笔大额押注。
And what's notable is that each one landed pretty much at 5% of the Pershing Square portfolio. So, this definitely reads as a bit of a rotation into, you know, a cluster of dominant businesses as opposed to Ackman having one big swing this quarter like sometimes he does.