Billionaire Bill Ackman Has 43% of His Hedge Fund's $14.8 Billion Portfolio Invested in Just 3 Stocks

Core Insights - Bill Ackman, a prominent portfolio manager, is focusing on several key investments through his hedge fund, Pershing Square Capital, which has a portfolio valued at $14.8 billion concentrated in a few companies [2] Group 1: Uber Technologies - Ackman has invested significantly in Uber, acquiring 30.3 million shares worth approximately$2.3 billion, representing 15.6% of Pershing Square's portfolio [3][6] - The bullish outlook on Uber is driven by its network effect, being the largest ride-sharing network outside of China, and its successful expansion into delivery services like Uber Eats [4] - Management projects 30% to 40% annual EBITDA growth and over 90% average annual free cash flow growth over the next three years, with free cash flow having grown 122% last year [6] Group 2: Alphabet Inc. - Ackman has a substantial position in Alphabet, valued at about $2 billion, which has seen a stock price increase of 40$2 billion [12] - The company has undergone strategic restructuring to unlock shareholder value and is generating substantial earnings growth and free cash flow [13][14] - Management projects a climb in intrinsic value from $84 per share to$176 by 2029, with distributable earnings growing 30% year over year [15][16]