All articles tagged with #bill ackman
Bill Ackman unveils six new holdings for Pershing Square funds—Netflix, Visa, Mastercard, Alcon, Intercontinental Exchange, and S&P Global—marking his biggest portfolio overhaul in years, driven by expected earnings growth, with shares moving broadly higher on the news and 13F filings to follow.
Bill Ackman is quietly rebuilding a Netflix stake of about 3 million shares as part of Pershing Square's broad portfolio overhaul—his first Netflix position since exiting in 2022 after a subscriber miss that cost roughly $400 million. The move, disclosed as part of a six-name reshuffle that also included Visa, Mastercard, Alcon, ICE and S&P Global, places NFLX at roughly 4.9% of the fund. Supporters argue Netflix's dominant installed base and monetization path (ads, price hikes, buybacks) can drive meaningful earnings growth, with the stock trading around 20x forward earnings and potential 42% earnings growth; Netflix rose on the news but remains well off its 52-week high.
Bill Ackman disclosed six new holdings for Pershing Square funds, including Netflix, stating earnings growth should drive investment value. Netflix had previously been held by Pershing Square in 2022 before a loss. The moves also add Visa, Mastercard, Alcon, Intercontinental Exchange, and S&P Global to the portfolio. Pershing Square USA rose about 1.66% on the day, and Ackman exited a roughly $1.5 billion stake in Universal Music Group after it rejected his takeover bid.
Billionaire investor Bill Ackman warns that Mayor Zohran Mamdani’s proposed left-wing policies, including rent freezes and city-owned groceries, would chill investment, worsen NYC’s housing shortage, and harm the city’s business climate; he urged a pro-market approach to attract investment and maintain growth.
Pershing Square’s latest 13F shows a five-stock lineup—Restaurant Brands International, Brookfield, Amazon, Microsoft, and Uber—built around AI infrastructure and turnaround bets. Ackman’s bottom line: four bullish setups and one drawdown opportunity, with QSR’s Burger King turnaround, BN’s AI/data-center expansion, AMZN and MSFT’s AI momentum, and Uber’s autonomous-vehicle ambitions driving asymmetric upside, even as the positions trade below their year-start levels.
Pershing Square is set to liquidate its remaining stake in Universal Music Group by selling about 80.6 million UMG shares in an overnight placing, weeks after UMG’s board rejected Pershing Square’s $64 billion takeover proposal as undervalued; the sale could raise roughly €1.5 billion and follows Ackman’s previous reductions in the stake and his resignation from UMG’s board.
Universal Music Group rejected Pershing Square’s $64.3 billion takeover bid as undervalued and not in the best interests of shareholders, artists, fans and other stakeholders; the deal would have created a U.S.-listed company, while concerns over Bolloré Group’s 18% stake and a delayed NYSE listing helped block the bid.
Pershing Square founder Bill Ackman explained on X that he sold Alphabet stock to fund a new Microsoft position, stressing he’s not betting against Google but that Microsoft offered better value given current valuations and his capital limits. He highlighted Azure growth and AI momentum as reasons MSFT is compelling, even as the stock has lagged this year, using GOOG proceeds to finance the roughly $2B MSFT stake.
Billionaire investor Bill Ackman said Pershing Square will disclose a new Microsoft stake in its upcoming 13F filing, calling the stock's valuation highly compelling amid M365 AI competition and Azure growth concerns.
Pershing Square Capital Management, led by Bill Ackman, disclosed taking a stake in Microsoft, citing a compelling valuation as the reason for the investment; the size of the stake wasn’t disclosed, but the move signals confidence in Microsoft’s long-term fundamentals.
Pershing Square disclosed it began accumulating Microsoft shares in February after a pullback post-earnings, buying at about 21x forward earnings and calling the position a core holding. Ackman argues sentiment over AI competition and Azure growth is overly pessimistic, highlighting Microsoft’s M365/Copilot moat and ongoing R&D as potential accelerators, and notes the move mirrors his prior bets on Alphabet, Amazon and Meta ahead of 13F filings.
Pershing Square's new closed-end fund will disclose a Microsoft stake, with Ackman calling the stock's valuation highly compelling and making Microsoft a core holding for the newly listed Pershing Square USA fund; this follows recent tech bets (Meta, Amazon, Alphabet) as AI competition intensifies, even as Microsoft shares have slipped about 15% this year.
Bill Ackman’s Pershing Square USA Ltd. opened on the NYSE after a $5 billion IPO and private placement, but the shares dropped about 18% from the $50 offer price to close at $40.90; the launch, meant to give retail investors Berkshire Hathaway-like, long-term exposure via a closed-end fund, drew skepticism over the structure’s discounts and the ability to sustain returns, despite Ackman’s public push and a large following.
Hedge fund manager Bill Ackman’s second attempt to list Pershing Square USA and its management company is moving forward, having raised about $5bn of a $10bn target as trading is poised to begin. The deal aims to secure perpetual capital and steady fee revenues, but investors remain wary of closed‑end funds. Ackman’s earlier, far larger 2024 bid was scrapped, and this listing relies largely on institutional buyers with some retail participation amid ongoing market volatility that has pressured Pershing Square’s flagship fund.
British luxury watchmaker Bremont, backed by billionaire investor Bill Ackman, is pursuing a space-bound growth strategy after a governance overhaul and a long-term investment that now places Ackman's stake around 70%. The company has shifted away from its in-house movement program, installed Davide Cerrato as CEO, and is partnering with Astrolab on the FLIP lunar rover to create the Bremont Supernova Chronograph with the aim of becoming the first British watch on the moon and left on the lunar surface, signaling a long-term brand-building strategy despite current losses.