Published on 6 Jan 2024 on Motley Fool via Yahoo Finance
Billionaire Investor Bill Ackman Has 100% of His Pershing Square Portfolio in These 8 Stocks
Billionaire hedge fund manager Bill Ackman oversees Pershing Square Capital Management (OTC: PSHZ.F). Currently $14 billion in size, the fund has generated a 28% annualized return over the past five years. That's more than double the S&P 500 over that time.
So, what's his secret? I dove into Pershing Square's stock portfolio, which holds just eight stocks. Breaking down the holdings revealed a simple yet effective strategy -- and no, it's not just buying megacap technology stocks (though Ackman bought one hand over fist in 2023).