GOOGL - Billionaire Bill Ackman Has Almost 20% of His Pershing Square Portfolio Invested in This Magnificent Seven Stock
2024-07-02 06:30:00 ET
The average investor can learn a lot by following some of the professionals in the industry. Take Bill Ackman , whose strategy -- probably influenced by the great Warren Buffett -- focuses on making concentrated bets in high-quality businesses trading at compelling valuations.
Ackman's hedge fund firm , called Pershing Square Capital Management, currently manages $10.8 billion in assets. Rather than blindly following his portfolio decisions, investors should try to understand why he owns what he does.
One of Ackman's top holdings is tech titan Alphabet (NASDAQ: GOOGL) (NASDAQ: GOOG) . Let's look at what factors may have drawn the hedge fund manager's attention to this dominant " Magnificent Seven " company.
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Billionaire Bill Ackman Has Almost 20% of His Pershing Square Portfolio Invested in This "Magnificent Seven" Stock