Investor Bill Ackman is placing a significant bet on rising car prices due to tariffs, as his firm Pershing Square Capital Management has acquired nearly 20% of rental car company Hertz Global Holdings Inc. The stake was accumulated through both outright share ownership and total return swaps, according to Ackman’s recent social media post.
Source: https://www.bloomberg.com/news/articles/2025-04-17/ackman-says-pershing-has-amassed-a-19-8-stake-in-hertz