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Pershing Square

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Ackman Reboots Netflix Bet With 3 Million Shares
investing17 days ago

Ackman Reboots Netflix Bet With 3 Million Shares

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.

via 24/7 Wall St.|
#bill-ackman#investing#netflix
Ackman Rebuilds Netflix Bet as Six New Stakes Enter His Portfolio
business19 days ago

Ackman Rebuilds Netflix Bet as Six New Stakes Enter His Portfolio

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.

via Yahoo Finance|
#bill-ackman#business#investing
Ackman Overhauls Portfolio with Six New Holdings, Netflix Among the Bets
finance19 days ago

Ackman Overhauls Portfolio with Six New Holdings, Netflix Among the Bets

Bill Ackman disclosed six new investments for Pershing Square funds, including Netflix, Visa, Mastercard, Alcon, Intercontinental Exchange, and S&P Global, marking his biggest portfolio overhaul in years as he bets earnings growth will drive value. The moves will be held in his funds, including the newly listed Pershing Square USA, with 13F filings expected to reveal the changes; the shift comes amid a period of mixed performance for his vehicles but underscores his ongoing strategy of selective, high-conviction bets.

via Yahoo Finance|
#ackman#finance#mastercard
Ackman’s Five Bets Signal a High-Conviction AI-Playbook
business1 month ago

Ackman’s Five Bets Signal a High-Conviction AI-Playbook

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.

via 24/7 Wall St.|
#amazon#bill-ackman#brookfield
Pershing Square exits remaining UMG stake after bid rejection
business2 months ago

Pershing Square exits remaining UMG stake after bid rejection

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.

via Music Business Worldwide|
#bill-ackman#business#pershing-square
Ackman Reallocates Alphabet Proceeds to Fund Microsoft Stake
market-news3 months ago

Ackman Reallocates Alphabet Proceeds to Fund Microsoft Stake

Billionaire investor Bill Ackman says Pershing Square’s sale of Alphabet shares was not a bearish bet against Google, but a capital reallocation to finance a new MSFT stake. The move suggests Microsoft looked more attractive on price and timing, while Ackman remains bullish on Alphabet for the long term, signaling a relative-value shift rather than a negative view on Google.

via TipRanks|
#ackman#alphabet#googl
Pershing Square Builds a Microsoft Stake, Bets on AI and Azure Upside
business3 months ago

Pershing Square Builds a Microsoft Stake, Bets on AI and Azure Upside

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.

via CNBC|
#ai#azure#bill-ackman
Pershing Square bets on Microsoft at a compelling valuation
business3 months ago

Pershing Square bets on Microsoft at a compelling valuation

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.

via CNBC|
#artificial-intelligence#bill-ackman#business
Ackman’s Pershing Square sinks 18% on NYSE debut despite record $5B raise
business4 months ago

Ackman’s Pershing Square sinks 18% on NYSE debut despite record $5B raise

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.

via New York Post|
#bill-ackman#business#closed-end-fund
Pershing Square launches Berkshire-inspired platform with $5B IPO
business4 months ago

Pershing Square launches Berkshire-inspired platform with $5B IPO

Pershing Square raised $5 billion in a dual-listed NYSE IPO, creating Pershing Square USA Ltd. (PSUS) and Pershing Square Inc. (PS). PSUS is priced at $50 and the deal omits performance fees, offering investors exposure to either the underlying portfolio or the management business. Ackman aims to build a Berkshire Hathaway–style, permanent-capital platform, citing a long track record (over 2,600% since 2004) and a history of macro hedging, including a $2.6 billion gain from a 2020 credit-protection trade, with plans for investor events to engage shareholders.

via CNBC|
#berkshire-hathaway#business#hedge-funds
Pershing Square Launches Combined IPO for PSUS and PSI with 1-for-5 PSI Allocation
business4 months ago

Pershing Square Launches Combined IPO for PSUS and PSI with 1-for-5 PSI Allocation

Pershing Square USA and Pershing Square Inc. announced a combined initial public offering for PSUS and PSI. PSUS shares will be priced at $50, with investors receiving one PSI share for every five PSUS shares. The offering targets at least $5 billion in gross proceeds (including $2.8 billion from a concurrent private placement) and will list PSUS and PSI on the NYSE if completed. Net proceeds go to PSUS, not PSI, and completion depends on SEC review and market conditions. A large underwriter syndicate and preliminary prospectuses are in place.

via Business Wire|
#business#combined-ipo#ipo
Ackman’s $64B UMG Bid Sets Ovitz as Chairman, Grainge Keeps the Helm
business4 months ago

Ackman’s $64B UMG Bid Sets Ovitz as Chairman, Grainge Keeps the Helm

Pershing Square’s Bill Ackman is bidding about $63.5–$64 billion to buy Universal Music Group, naming Michael Ovitz as chairman and keeping Lucian Grainge as CEO; the plan envisions a Berkshire Hathaway‑style entertainment conglomerate with an NYSE listing possibility, while the board reviews the proposal and Bolloré’s stake adds a wildcard to the deal.

via Page Six|
#bill-ackman#business#lucian-grainge