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Bill Ackman's Pershing Square Holdings is a unique investment vehicle that allows individuals to invest in his hedge fund.
Pershing Square Holdings is listed on the Euronext Amsterdam stock exchange under the ticker code PSQ.
Bill Ackman founded Pershing Square Capital Management, the parent company of Pershing Square Holdings, in 2004.
The fund's goal is to generate long-term capital appreciation by investing in a concentrated portfolio of publicly traded companies.
Pershing Square Capital Management
Pershing Square Capital Management is a privately owned hedge fund founded by value investor William A. Ackman in 2003.
Bill Ackman's investment approach focuses on long-term, value-oriented investing and a concentrated portfolio strategy.
He buys stakes in undervalued companies with the intention of working with management to improve performance.
Ackman's portfolio is known for substantial positions in high-conviction stocks with long-term growth potential.
He has a top-performing restaurant chain, Chipotle Mexican Grill, in his portfolio, which features fresh ingredients and customizable Mexican food options.
Chipotle's focus on sustainable operations and transparent supply chains aligns with growing consumer preferences for ethical dining.
Hilton Worldwide Holdings Inc represents Ackman's confidence in the hospitality sector's resilience and its ability to capitalize on global travel recovery.
Restaurant Brands International Inc, which owns Burger King, Tim Hortons, and Popeyes Louisiana Kitchen, illustrates Ackman's interest in established quick-service restaurants with significant expansion capabilities and enduring customer loyalty.
Alphabet Inc - Ordinary Shares - Class C marks a technological cornerstone within Ackman's selections, showcasing Google's parent company as a dominant force in online search, advertising, and innovation-driven sectors.
Canadian Pacific Kansas City Limited demonstrates an investment in vital transportation infrastructure, with this railway benefiting from trade efficiencies and critical supply chain roles amidst rising demand for freight services.
Pershing Square's European-listed closed-end fund, Pershing Square Holdings (PSH), has about $15 billion in assets under management as of July 1.
The fund has outperformed the S&P 500 over the last five years, although it traded at a 28.7% discount to net asset value.
Ackman plans to use his X account, formerly Twitter, to share his ideas for the fund once it is trading, according to people familiar with the situation.
He has over 1.3 million followers on the platform, which will likely help him secure most of the funds he needs to raise.
Hedge Fund and ETF
Bill Ackman's hedge fund, Pershing Square, is a privately owned firm that focuses on long-term, value-oriented investing with a concentrated portfolio strategy.
Pershing Square received regulatory approval last year for a new type of investment vehicle that would buy a stake in a private company and take it public.
Bill Ackman is a value investor who buys stakes in undervalued companies with the intention of working with management to improve performance.
He has a top-performing portfolio that underscores a strategic investment approach, favoring substantial positions in high-conviction stocks with long-term growth potential.
Ackman's portfolio includes Chipotle Mexican Grill, Hilton Worldwide Holdings Inc, and Restaurant Brands International Inc, among others.
These companies have strong competitive moats, clear growth trajectories, and are capable of weathering economic fluctuations while providing stable returns.
Pershing Square faces a steep climb to raise $25 billion for the fund, but Ackman's popularity on X, formerly Twitter, may help him secure most of the funds.
The fund will be the largest CEF listed in the United States if Ackman successfully raises the $25 billion.
As of July 1, Pershing Square Holdings (PSH) had about $15 billion in assets under management in its European-listed closed-end fund.
That fund has outperformed the S&P 500 over the last five years, although it traded at a 28.7% discount to net asset value.
Latest News
President-elect Donald Trump's optimism about the market has led to a two-year run, with many investors believing deregulation and corporate tax cuts will boost the economy.
Fannie Mae shares soared on Monday afternoon after billionaire investor Bill Ackman touted the stocks on social media.
Bill Ackman's social media endorsement of Fannie Mae and Freddie Mac stocks caused a significant surge in their prices.
Fannie Mae and Freddie Mac shares were trading higher after Ackman's recommendation, showing the impact of his endorsement on the market.
The Euronext Amsterdam approved the plan of the closed-end Pershing Square Holdings, a move that may have implications for investors considering similar investments.
Sources
- https://stockcircle.com/portfolio/bill-ackman
- https://www.tastylive.com/news-insights/bill-ackman-pershing-square-fund-seeks-25-billion-ipo
- https://www.moneyshow.com/articles/dailyguru-58456/
- https://www.foxbusiness.com/markets/bill-ackman-eyes-ipo-pershing-square
- https://www.trustnet.com/news/13406543/should-you-buy-hold-or-fold-bill-ackmans-pershing-square-investment-trust
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