Billionaire Bill Ackman Has 60% of His Hedge Fund's $10 Billion Portfolio in Just 3 Stocks

Bill Ackman is one of the best-known billionaire investors in the world. Despite his star power, he failed to launch a publicly traded investment fund last month, as demand fell short of expectations.Ackman planned to launch a closed-end fund called Pershing Square USA, which would have put him in charge of investing billions of investors' dollars. While he originally planned to raise $25 billion for the fund, he significantly lowered the amount before scrapping it altogether as demand failed to materialize.But investors interested in following Ackman's investment style can still track his Pershing Square Capital Management hedge fund. Ackman discloses his portfolio holdings quarterly with the SEC, and it's typically highly concentrated. Currently, he has about 60% of the portfolio invested in just three companies' stocks.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool