One new stock billionaire Bill Ackman bought in 2023

American billionaire super-investor Bill Ackman added one company to his Pershing Square share portfolio in 2023 – Google.

Ackman’s journey into investing began in his early years when he interned at a real estate development company in his hometown of Chappaqua, New York.

He later attended Harvard Business School, where he honed his investment skills and developed his investing philosophy.

After graduating, Ackman founded his own hedge fund, Gotham Partners, which focused on value investing and activism.

In 2004, Ackman launched Pershing Square Capital Management, where he continued using his unique investing approach to build a highly concentrated portfolio of carefully selected stocks.

Ackman is highly respected in investment circles, with his Pershing Square Holdings hedge fund managing to compound annually at a rate of 16.1% for nearly two decades.

He is known for his bold investment strategies and ability to identify undervalued companies with strong growth potential.

Ackman’s investment strategy is focused on identifying companies with strong growth potential that are undervalued by the market.

He looks for companies with a competitive advantage, a strong management team, and a clear growth path.

Once he has identified a company he believes in, he takes an active approach to investing, using his influence as a shareholder to push for changes he believes will increase the company’s value.

This approach has been highly successful for Ackman, with many of his investments resulting in significant long-term returns.

Despite his success, Ackman’s portfolio is notably small, consisting of just a few carefully selected positions.

This is because he believes in investing only in companies that he has thoroughly researched and believes in rather than simply diversifying his portfolio for the sake of diversification.

This approach allows him to maintain a deep understanding of the companies he invests in, giving him an edge over other investors who may be spread too thin.

Pershing Square Capital Management share portfolio

The table below shows Bill Ackman’s Pershing Square Capital Management’s share portfolio on 31 March 2023.

Company	Portfolio Percentage	Change	Value
LOW – Lowe’s Cos.	19.64%	Reduce 3.26%	$2,006,922,000
CMG – Chipotle Mexican Grill Inc.	17.21%	Reduce 6.88%	$1,758,148,000
QSR – Restaurant Brands International	15.90%	No change	$1,624,396,000
HLT – Hilton Worldwide Holdings	12.82%	Reduce 7.30%	$1,309,956,000
HHC – Howard Hughes Corp.	12.52%	Add 0.56%	$1,278,763,000
CP – Canadian Pacific Kansas City	11.48%	Add 0.01%	$1,172,415,000
GOOG – Alphabet Inc. CL C	8.21%	Buy	$839,256,000
GOOGL – Alphabet Inc.	2.22%	Buy	$226,650,000