- Bill Ackman disclosed his latest portfolio shuffle that now includes stakes in Netflix, Visa, and Mastercard, marking the largest overhaul in years for his concentrated portfolio.
- Ackman began purchasing shares in the second quarter through his investment funds, including his recently listed Pershing Square USA on the NYSE.
- On Thursday, shares of most companies rose, with Netflix increasing by 3.3% and S&P Global gaining 1.1% amid a broader rally in US stocks.
- The new holdings, including Alcon, Intercontinental Exchange, and S&P Global, are expected to appear in regulatory 13F filings on Friday.
- Pershing Square USA was listed on the NYSE in April, and Ackman had previously added Microsoft to his portfolio earlier this year after an earnings-driven sell-off.
- Ackman has stated that he expects the companies' profits to expand significantly, which he considers the biggest factor influencing investment value over time.
- Despite strong long-term returns, Ackman's funds have struggled recently, with Pershing Square USA down 3.5% for the year through July.
Billionaire investor Bill Ackman has made significant changes to his Pershing Square portfolio, adding six new investments, including Netflix, Visa, and Mastercard. This marks the largest portfolio shake-up in years, as Ackman aims for strong earnings growth from these companies.13
Ackman began purchasing shares in the second quarter, with his funds also acquiring stakes in Alcon, Intercontinental Exchange, and S&P Global. He believes that the expected profit expansion from these companies will be a key driver of long-term investment value.24
On Thursday, shares of these companies rose amid a broader rally in U.S. stocks, with Netflix up 3.3% and S&P Global gaining 1.1%. Following the investment disclosures and quarterly results, Pershing Square USA shares climbed 1.7%.57
Despite the recent struggles of his funds, with Pershing Square USA down 3.5% and Pershing Square Holdings down 9.2% for the year through July, Ackman remains optimistic about the potential of his new investments. The S&P 500 total return index has gained 10% during the same period.
The Securities and Exchange Commission mandates that fund managers file 13F forms disclosing ownership stakes in U.S. corporations, which are expected to include these new investments soon.
“The new stakes include Alcon, Intercontinental Exchange, and S&P Global, with Netflix up 3.3% and S&P Global up 1.1% on Thursday. Ackman's funds have struggled recently, with Pershing Square USA down 3.5% and Pershing Square Holdings down 9.2% through July.”
