Billionaire Bill Ackman plowed more than $200 million into Warren Buffett's Berkshire Hathaway after the coronavirus sell-off
in Hilton, Lowe's, and Burger King-parent Restaurant Brands, and bought back into Starbucks.
Pershing probably paid between $210 million and $255 million for the shares, based on Berkshire's trading range over the past month. Berkshire now accounts for about 13% of its $5.7 billion portfolio, up from 11% when Ackman revealed the stake last August.
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