date:Oct 10, 2018
Bill Ackman loves his Starbucks. So much so, that the Pershing Square investor revealed Tuesday that over the last 90 days, his fund has upped their play in the coffee chain to nearly a billion dollars.
Ackman told a crowd at Grants Fall 2018 Conference in New York that his fund now has 15.2 million shares of Starbucks, which calculates to roughly $900 million. Starbucks shares popped more than 3 percent on the news and are little changed for the year.
He said he likes Starbucks because they c