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Bill Ackman’s Pershing Square Capital Management LP built a stake in Canadian investment management giant Brookfield Corporation during the second quarter of 2024, a U.S. regulatory filing released Wednesday showed.  

Ackman’s hedge fund ended the quarter holding 6.8 million shares of Brookfield worth nearly US$285 million, according to the 13F filing. It did not hold any shares at the end of the first quarter. Fund managers who hold more than US$100 million worth of securities are obligated to publicly disclose their holdings four times per year through the SEC filings.