Bill Ackman Gains Over $600M On Handful Of Stock Bets, Enters Top-Earning Hedge Fund Managers
Portfolio Pulse from Piero Cingari
Bill Ackman, founder of Pershing Square Capital Management, earned $610 million in 2023, ranking him No. 7 among hedge fund founders. Pershing Square achieved a 26.7% gain with a focused portfolio of eight stocks, slightly outperforming the S&P 500 but trailing the Nasdaq 100. Top holdings include Chipotle (CMG), Restaurant Brands (QSR), and Hilton (HLT), contributing significantly to the portfolio's performance. Other notable hedge fund earners were Millennium's Izzy Englander and Citadel's Ken Griffin.
February 20, 2024 | 2:32 pm
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POSITIVE IMPACT
Chipotle Mexican Grill is a top holding in Ackman's portfolio, with an 18.15% allocation and a 65% return in 2023.
Given its significant portfolio weight and outstanding performance, CMG's stock is likely to maintain investor interest and positive sentiment in the short term.
CONFIDENCE 80
IMPORTANCE 85
RELEVANCE 90
POSITIVE IMPACT
Hilton Worldwide Holdings Inc. is a key investment for Ackman, with a 16.2% portfolio share and a 44% return in 2023.
HLT's robust return and significant portfolio presence indicate potential for continued positive performance and investor interest.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 80
POSITIVE IMPACT
Restaurant Brands International Inc. represents 17.55% of Ackman's portfolio, with a 58% return in 2023.
QSR's significant return and portfolio weight suggest continued investor interest, potentially driving its stock price up in the short term.
CONFIDENCE 80
IMPORTANCE 80
RELEVANCE 85
NEUTRAL IMPACT
Ackman's portfolio slightly outperformed the SPDR S&P 500 ETF Trust (SPY) in 2023.
While Ackman's portfolio outperformed SPY, the close performance suggests a neutral short-term impact on SPY as market conditions continue to evolve.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70