Wall Street titan Bill Ackman unveils massive portfolio overhaul with SIX new mega-bets - including the streaming giant that burned him

Billionaire investor Bill Ackman has made his biggest portfolio shake-up in years, unveiling six new stock picks as he looks beyond the handful of companies that have traditionally dominated his concentrated investment strategy. The Pershing Square boss has revealed new positions in Netflix, Visa, Mastercard, Alcon, Intercontinental Exchange and S&P Global, saying he believes the companies are positioned for strong earnings growth. The purchases were made from the second quarter onwards and will be held across Ackman's investment funds, including his newly launched Pershing Square USA, which began trading on the New York Stock Exchange in April. The move is...