New York, December 18, 2024 – Billionaire investor Bill Ackman has adopted a concentrated investment strategy, with over 45% of Pershing Square's $13.4 billion portfolio focused on three companies: Alphabet, Brookfield, and Hilton.
Ackman has invested approximately $2.2 billion in Alphabet, the parent company of Google, dismissing concerns that artificial intelligence (AI) could undermine Google Search. He believes the integration of AI into Google's services has enhanced user engagement.
Alphabet's Google Cloud reported a 35% revenue growth last quarter, driven by AI services. The stock is viewed as attractively priced for long-term gains.
In Brookfield, Ackman holds about $1.9 billion in shares, having significantly increased his stake in the third quarter. The company operates in infrastructure, renewable energy, real estate, and insurance, with expectations of strong cash flow growth. Its stock has increased over 40% since Ackman's investment.
Ackman also maintains a significant position in Hilton, with around $1.9 billion in shares. Despite selling 18% of his holdings last quarter, he remains optimistic about Hilton's growth, supported by a 36% increase in properties since 2019 and a loyalty program boasting over 200 million members.