Bill Ackman is probably best known as the founder and CEO of Pershing Square Capital Management, a leading hedge fund managing more than $10 billion in assets for its clients.
Bill Ackman has most notably held large positions in companies in a highly-concentrated portfolio. It appears that like other prominent investors such as Warren Buffett, Ackman is a believer in the “de-worse-ification” theme. In other words, diversifying a portfolio too much is more likely to lead to market-average returns. Beating the market thus may require taking larger high-conviction bets in companies with real potential to outperform the market over lengthy periods of time.
That strategy certainly seems sound, and it’s one of the reasons why Ackman has been able to amass such a large assets under management number. Let’s dive into three of his top holdings, and what investors may want to make of these picks.
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