Ackman's Pershing Square makes new bet on Agilent Technologies

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Ackman's Pershing Square makes new bet on Agilent TechnologiesAckman’s Pershing Square makes new bet on Agilent Technologies

BOSTON (Reuters) – Billionaire investor William Ackman’s hedge fund Pershing Square (NYSE:) Capital Management has made a new bet on Agilent Technologies Inc (NYSE:), according to a regulatory filing made on Monday.

This marks the second time Ackman’s $7 billion fund has announced a new position this year, following a purchase of Berkshire Hathaway (NYSE:) Inc shares earlier this year.

Agilent Technologies’ stock price jumped nearly 5% in after-hours trading after Ackman’s investment was made public.

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