CMG - These are Some of the Top Holdings in Billionaire Investor Bill Ackman's Portfolio. Time to Buy?
2024-05-07 05:20:00 ET
Bill Ackman is one of the most widely followed billionaire investment managers , with 1.2 million followers on X. His following is based on a successful career as a rising star on Wall Street in the 1990s before starting his current firm Pershing Square Capital Management in 2004. Ackman's net worth is currently estimated at more than $4 billion, according to Forbes.
Pershing Square Capital Management makes long-term investments in companies when their share prices are trading below their estimated worth. From 2004 through 2023, Pershing Square generated a 16.5% annualized return, significantly outpacing the S&P 500 's 10% annualized return.
Three of Pershing Square's top holdings are Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) , Universal Music Group (OTC: UMGN.F) , and Chipotle Mexican Grill (NYSE: CMG) . Let's dig into Ackman's reasons for sticking with these stocks and whether investors can still expect market-beating returns from here.
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These are Some of the Top Holdings in Billionaire Investor Bill Ackman's Portfolio. Time to Buy?