Ackman Bets Big on Financials: Visa, Mastercard, SPGI and ICE Among 6 New Bets
TL;DR Summary
Pershing Square disclosed six new stock positions, four of them financials—Visa, Mastercard, S&P Global, and Intercontinental Exchange—alongside Netflix and Alcon. Ackman argues the four financials are “capital-light toll takers” with inflation-resilient, high-volume cash flows and valuable data/services, and notes a long track record with these names, making the six-position move a cautious tilt toward durable, long-term growth.
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