Bill Ackman Just Sold a 'Magnificent Seven' Stock. Here's What He Might Buy With All the Cash.

We recently got an updated look at the portfolios of many notable hedge funds, and there were a few moves from notable billionaire Bill Ackman's Pershing Square. These include a couple of large stock sales, as well as a couple of new positions.One of the sales in particular stood out, as it has been one of the fund's best performers and is a member of the "Magnificent Seven." Here's a rundown of Pershing's latest moves, and what Ackman could be looking to do next.Once a quarter, U.S. institutional investors who manage portfolios of $100 million or more must file SEC Form 13F, which provides a fresh look at their holdings. Studying the moves of top managers like Bill Ackman can be a great source of ideas for your own portfolio. It's especially noteworthy when they buy or sell a big-name stock -- like one of the Magnificent Seven, the giant innovators that have been driving the market higher in recent years.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool