Bill Ackman: These are the stocks he's buying and selling now

Bill Ackman's Investment Strategy & Performance

• 💡 Bill Ackman, founder of Pershing Square Capital Management, manages over $19 billion and has achieved an average annual return of 15% since 2004, significantly outperforming the S&P 500.
• 🎯 His investment approach combines Value Investing with a high degree of portfolio concentration, focusing on a few deeply undervalued stocks with substantial capital.
• 📈 In the last quarter, Ackman made five new purchases or additions to existing positions and sold one stock entirely.

Key Stock Purchases: Alphabet & Amazon

• 🚀 Ackman significantly increased his position in Alphabet (Google's parent company) by purchasing 925,000 shares, making it the third-largest holding in his portfolio when combining its A and C class shares.
• 🧠 Despite concerns about AI models impacting Google Search, the company's Search revenue grew double-digit, and its Cloud business saw a 32% increase, demonstrating continued strong growth across key segments.
• 💰 He made his largest purchase by investing $1.27 billion in Amazon, making it the fourth-largest position; Pershing Square's CIO cited the stock's attractive valuation during a slowdown in its cloud business.
• ✅ Amazon is highly diversified, being the largest e-commerce retailer, the largest cloud provider (AWS), the third-largest advertising company, and having substantial subscription revenue from Prime.

Other Notable Investments & Brookfield Corporation

• 📊 Ackman also increased his holdings in Brookfield Corporation, Hertz Global, and Hilton Worldwide, with Brookfield already being the second-largest company in his portfolio.
• 🏢 Brookfield Corporation is an asset manager specializing in real assets like real estate, infrastructure, and renewable energy, generating revenue from managing over $900 billion in client funds and developing its own holdings.
• 📈 The company has shown strong performance, with its stock increasing by 300% over the last decade, and is a popular choice among other super investors.

Strategic Divestment: Canadian Pacific Kansas City

• 📉 Ackman sold his entire stake in Canadian Pacific Kansas City, a core holding since 2011, to realize profits and free up capital.
• ⚠️ The primary reason for the sale was the company's vulnerability to the trade policy environment, particularly tariffs on cross-border traffic between Canada, the US, and Mexico, which led to a revised profit growth forecast.
• 🔄 This move allowed Ackman to reallocate capital to more attractive and less trade-sensitive investments like Amazon and Alphabet.