Bill Ackman Backs up the Truck With $6.3b in Top Three Stocks

Bill Ackman is one of the most influential billionaires on Wall Street, with an estimated net worth of $9.3 billion. He is an activist investor who’s most known today for founding Pershing Square Capital Management.

Ackman has his own investment strategy that has led him to success. He holds concentrated positions in high-conviction stocks to beat the market, and this has worked wonderfully over the years. This concentration gives him significant minority stakes in many companies, later used to pressure management and bring the changes he sees fit to unlock shareholder value.

Pershing Square Capital is currently betting $6.3 billion in just three stocks, constituting 50.45% of its portfolio. This slideshow will take a look at them. But first, let’s take a look at Bill Ackman’s firm itself.

PSCM is a hedge fund based in New York, and while it is known for managing many billions, it started out smaller with $54 million from Ackman himself. ​​In its first 10 years, the firm delivered $11.6 billion in gains. It currently oversees three investment funds worth billions of dollars and manages almost $17 billion in assets under management.

Ackman has a history of focusing on 8 to 12 core holdings of large-cap companies. He mostly invests in high-growth names that have limited downside risk, with predictable and recurring cash flow.

He has also been opportunistic at times. In 2020, he made $2.6 billion in less than a month by betting that the pandemic would morph into a global recession. On March 3, 2020, he invested $27 million in securities that would surge if investors worried about companies struggling to pay their debt. He cashed out 20 days later with a 9,500% return. He has successfully invested in and influenced the management to correct course in dozens of companies.

• Current portfolio size: $11.9 billion.
• Stocks in portfolio: 11.
• Q1 2025 performance: -9.77%.
• 3-year annualized return: 7.99%.

• Howard Hughes Holdings is a real estate development and management company.
• Ackman aims to transform it from a real estate developer into a diversified holding company like Berkshire Hathaway
• Ackman invested $900 million in May this year.
• Howard Hughes grew its revenue by 27.38% to $199.33 million in Q1.
• Ackman's position in HHH is valued at $1.932 billion today, or 15.5% of his portfolio.

• Brookfield Corporation is a global alternative asset manager with diversified cash flows.
• The company manages over $1 trillion in assets.
• Brookfield is a favorite of Bill Ackman, consistently being one of his top holdings.
• His position here is worth $2.149 billion, or 17.24% of his portfolio.

• Uber is a ride-sharing company, and it has seen tremendous growth over the years.
• It is also starting to challenge Tesla in the robotaxi business by partnering up with Waymo.
• Bill Ackman has made it his biggest holding by acquiring over 30.3 million shares this year after it became profitable.
• His position in UBER amounts to $2.2 billion, or 17.71% of his portfolio.

Bill Ackman believes Uber "...is one of the best managed and highest quality businesses in the world," due to Uber turning profitable.

UBER stock is up 47.7% year-to-date and is generating stellar profits. Net income increased 371.56% year-over-year to $1.78 billion in Q1 2025.

Bill Ackman has a unique investing style of collaborating and influencing the management of a dozen or so companies and occasionally taking opportunistic bets as he sees fit. His portfolio has underperformed the market in recent years, but he has started to pile into more high-quality companies.