Bill Ackman says he's short IEP, long FNMA for stock-picking contest

Billionaire hedge fund manager Bill Ackman said Friday his short and long positions for a Robin Hood Foundation stock-picking contest are Icahn Enterprises (NASDAQ:IEP) and Fannie Mae (OTCQB:FNMA), respectfully, according to a post on X.

The winner of the charitable contest will be the one who has the biggest profits from Oct. 28, 2024, to April 30, 2025.

From the beginning of the contest period to date, (NASDAQ:IEP) dropped 34% (in Ackman's favor), while (OTCQB:FNMA) surged 83%.

Ackman noted that his investment firm, Pershing Square (OTCPK:PSHZF), does not short stocks.