Business
Bill Ackman’s New Fund Is Open to U.S. Investors. Here’s Why You Might Want to Skip It.
Investors could get much better returns with a little more legwork.
Pershing Square
Business
Bill Ackman’s New Fund Debuts With a Flop, Raising Questions About Retail Strategy
Billionaire investor Bill Ackman’s latest closed-end fund, Pershing Square USA Ltd., suffered a rough start on its first trading day, closing 18% below its IPO price despite a sweetener deal for early investors.
Business
Bill Ackman’s Pershing Square IPO Crashes 18% on Day One — But History Says First-Day Flops Can Still Win Big
Despite a brutal debut that saw shares plunge nearly 20%, Ackman remains bullish on the long-term prospects of his new closed-end fund, drawing comparisons to Berkshire Hathaway.
Business
Ackman’s Pershing Square IPO Nears $5 Billion Target, Falling Short of Initial Ambitions
Bill Ackman’s dual IPO of a closed-end fund and asset manager is set to raise roughly $5 billion — the low end of his goal — as institutional demand underwhelms earlier projections.
Business
Bill Ackman Doubles Down on Brookfield Corporation (BN) as Insurance Arm Powers Growth
Bill Ackman’s Pershing Square has significantly increased its stake in Brookfield Corporation (BN), making it the top pick among his long-term holdings. The asset manager’s insurance and wealth management division is driving a new wave of growth, with a major acquisition and AI infrastructure investments on the horizon.
Business
Why Bill Ackman Doubled Down on Amazon: AI Infrastructure Bet Drives Pershing Square’s Third-Largest Holding
Bill Ackman’s Pershing Square boosted its Amazon stake by 65% in Q4 2025, making it the fund’s third-largest position. The move reflects growing conviction that Amazon’s pivot from e-commerce to AI infrastructure will unlock structurally higher margins, as AWS captures enterprise generative AI workloads and new ventures like Rufus and ad-supported Prime Video drive revenue.
Business
Why Bill Ackman Isn’t Letting Go of Uber Just Yet
Bill Ackman’s Pershing Square has held steady on Uber since early 2025, keeping roughly 30 million shares through Q4. As Uber shifts from ride-hailing to autonomous mobility and advertising, Ackman’s conviction appears unshaken. But is this a long-term bet or a stubborn hold?
Business
SpaceX's Mega IPO Looms: Will Bill Ackman's Pershing Square Take the Plunge?
As SpaceX gears up for a landmark public offering, speculation mounts over whether activist investor Bill Ackman will participate, despite his past overtures and the fund's focus on mature cash-generating businesses.
Business
Bill Ackman Seeks $10 Billion for New Fund, Sees Historic Buying Opportunity in High-Flying Market
As the S&P 500 scales new heights, hedge fund titan Bill Ackman is launching a publicly traded fund to deploy billions into what he calls undervalued, high-quality stocks, arguing that market concentration masks underlying value.
Business
Bill Ackman Eyes New Fund to Capitalize on Market Complacency
Billionaire investor Bill Ackman is in discussions to launch a new investment vehicle designed to place large, asymmetric bets against prevailing market sentiment, aiming to replicate the success of his pandemic-era 'doomsday' trades.
Business
Ackman's IPO Play: Pershing Square Offers 'Buy 100, Get 20 Free' to Lure Investors
Bill Ackman's dual IPO for Pershing Square USA and its management company includes an unusual incentive: free shares for early investors. The move aims to attract capital and emulate a Berkshire Hathaway-like structure, but questions remain about fees and valuation.
Business
Ackman's $28 Billion Pershing Square Files for IPO, Aiming to Build a 'Modern Berkshire' with Permanent Capital
Hedge fund titan Bill Ackman takes Pershing Square public in a dual-listing strategy, seeking permanent capital to emulate Warren Buffett's legendary Berkshire Hathaway model and gain a long-term edge.
Business
Ackman's Pivot: Pershing Square Exits Chipotle, Doubles Down on Amazon
Billionaire investor Bill Ackman has made a significant portfolio shift, fully divesting from Chipotle Mexican Grill while aggressively accumulating shares of Amazon, betting on the tech giant's dual dominance in e-commerce and cloud computing.
Business
Ackman's Pershing Square Files for Novel Dual-Structure IPO, Targeting Billions
Hedge fund billionaire Bill Ackman has filed for a unique public offering that bundles stakes in his management company with a new closed-end fund, aiming to raise up to $10 billion while retaining control.
Business
Bill Ackman Takes Pershing Square Public in Landmark $5 Billion IPO Bid
In a bold move for the hedge fund industry, billionaire investor Bill Ackman has filed to list Pershing Square on the New York Stock Exchange, seeking to raise at least $5 billion and open his concentrated portfolio to public investors.
Business
Bill Ackman Doubles Down on Howard Hughes Holdings, Calling It a 'Dramatically Undervalued' Gem
Billionaire investor Bill Ackman's Pershing Square has cemented its controlling stake in Howard Hughes Holdings Inc., viewing the real estate developer as a long-term play poised for transformation into a diversified holding company.
Business
Ackman's Stance on Restaurant Brands Gains Analyst Backing as QSR Strategy Unfolds
Despite a minor portfolio trim, Bill Ackman's Pershing Square maintains a massive $1.56 billion stake in Restaurant Brands International. Recent analyst commentary, including a Piper Sandler upgrade, reinforces confidence in the fast-food giant's franchise-driven model and international growth trajectory.
Business
Uber Charts Strategic Course at Morgan Stanley Conference, Backed by Ackman's Billion-Dollar Bet
Uber's CFO outlined the company's core strategic pillars at a major investor conference, as Pershing Square's significant stake underscores Wall Street's confidence in the ride-hailing giant's long-term vision and financial discipline.
Business
Bill Ackman Bets Big on Meta, Sees AI Spending Plunge as Buying Opportunity
Billionaire investor Bill Ackman's Pershing Square made Meta Platforms a major new holding in late 2025, viewing a post-earnings selloff as a chance to buy into the social media giant's long-term AI vision, despite broader hedge fund caution.
Business
Bill Ackman Doubles Down on Amazon, Betting Big on Cloud and AI Dominance
Billionaire investor Bill Ackman significantly boosted his stake in Amazon during the fourth quarter of 2025, making it a top-three holding in his Pershing Square portfolio. The move underscores a broader institutional vote of confidence in the tech giant's long-term growth engines, even as recent insider selling adds a note of caution.