All articles tagged with #pershing square
Billionaire investor Bill Ackman advises retail investors to maintain cash reserves and buy high-quality stocks during market sell-offs, rather than trying to time the market. He views uncertainty as an opportunity to acquire assets at discounted valuations, a strategy his firm Pershing Square has used to purchase companies like Amazon during periods of heightened volatility.
Billionaire Bill Ackman's 26-year-old daughter, Lucy, received an experimental mitochondrial transplant to restore vision lost after a brain hemorrhage. The procedure, the first of its kind in human eyes, initially restored light perception but the effect faded within a month. Ackman has since pledged over $400 million to a new research institute focused on brain science and aging.
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.
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.
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.
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.
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.
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.