Billionaire Bill Ackman Has 53% of His Hedge Fund's $10.6 Billion Portfolio Invested in Just 3 Stocks

Bill Ackman is one of the best-known billionaire investors in the world. His hedge fund, Pershing Square Capital, focuses on a few high-quality businesses where Ackman feels the stock has become mispriced, relative to its value. He will then buy shares and use his influence to unlock shareholder value.As an activist investor, he can focus on only so many businesses at once. That means he only swings at what he thinks are his biggest opportunities. As a result, Pershing Square has a highly concentrated portfolio, and just three stocks account for more than 53% of the entire $10.6 billion in public equity holdings.Hilton Worldwide (NYSE: HLT) has grown to become Ackman's largest position for Pershing Square. The investor first accumulated shares of the largest hotelier in the world in 2016, but it wasn't until 2018 that he had an opportunity to establish a significant position in the stock during the market downturn.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool