Bill Ackman Breaks Wall Street Barriers, Launches Pershing Square Fund For Retail Investors

Author: Piero Cingari | February 07, 2024 05:24pm

Bill Ackman is set to revolutionize the investment landscape by offering Main Street the chance to participate in the high-stakes world of hedge funds with the launch Wednesday of Pershing Square USA, a new fund that would be listed on the New York Stock Exchange if approved.

This initiative marks a pivotal shift, making Ackman’s renowned investment strategies accessible to retail investors, with no minimum investment required.

Ackman, renowned for his activist investment strategies and impressive market foresight, has generated an average 31% gain annually over the last five years, showcasing his adeptness at navigating the complexities of global markets. His career has also seen its share of controversies, with notable investment missteps in companies like Herbalife and Valeant Pharmaceuticals.

Recent 13F filings show that Pershing Square Capital Management Holdings‘ largest investments include Chipotle Mexican Grill Inc (NYSE:CMG), Restaurant Brands International Inc (NYSE:QSR) and Hilton Worldwide Holdings Inc (NYSE:HLT).

Top 8 Pershing Square Capital Management Holdings

Company Name	% of Portfolio	Shares Owned
Chipotle Mexican Grill Inc (NYSE:CMG)	16.65%	953.61k
Restaurant Brands Intl Inc (NYSE:QSR)	14.82%	23.35M
Hilton Worldwide Hldgs Inc (NYSE:HLT)	14.75%	10.31M
Howard Hughes Holdings Inc (NYSE:HHH)	14.41%	18.85M
Lowes Cos Inc (NYSE:LOW)	14.00%	7.07M
Alphabet Inc (NASDAQ:GOOG)	11.78%	9.38M
Canadian Pacific Kansas Inc (NYSE:CP)	10.70%	15.10M
Alphabet Inc (NASDAQ:GOOGL)	5.43%	4.35M

The newly proposed Pershing Square USA aims to capitalize on Ackman’s strong retail following and brand recognition, positioning it as a potentially significant player among listed closed-end funds.

With a focus on investing in a select portfolio of durable growth companies in North America, the fund reflects Ackman’s strategic investment philosophy, targeting long-term, sustainable growth.

Ackman’s venture into the retail investment space could represent a watershed moment in democratizing access to hedge fund strategies.

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Bill Ackman illustration generated via artificial intelligence.

Posted In: CMG CP GOOG GOOGL HHH HLT LOW QSR