THE WOODLANDS, Texas, Feb. 04, 2026 (GLOBE NEWSWIRE) -- Howard Hughes Holdings Inc. (NYSE: HHH) (“Howard Hughes,” “HHH,” or the “Company”) announced today the pricing by its wholly owned subsidiary, The Howard Hughes Corporation (“HHC”), of $500 million aggregate principal amount of senior notes due 2032 (the “2032 Notes”) and $500 million aggregate principal amount of senior notes due 2034 (the “2034 Notes” and, together with the 2032 Notes, the “Notes”). The Notes were priced at par. The 2032 Notes will p ...

THE WOODLANDS, Texas, Feb. 04, 2026 (GLOBE NEWSWIRE) -- Howard Hughes Holdings Inc. (NYSE: HHH) (“Howard Hughes,” “HHH,” or the “Company”) today announced that its wholly owned subsidiary, The Howard Hughes Corporation (“HHC”), has given notice of its intention to redeem all of HHC’s outstanding 5.375% Senior Notes due 2028 (the “Notes”) on February 19, 2026 (the “redemption date”). The aggregate principal amount outstanding of the Notes is $750,000,000. The redemption price for the Notes will be equal to 1 ...

THE WOODLANDS, Texas, Feb. 04, 2026 (GLOBE NEWSWIRE) -- Howard Hughes Holdings Inc. (NYSE: HHH) (“Howard Hughes,” “HHH,” or the “Company”) today announced that its wholly owned subsidiary, The Howard Hughes Corporation (“HHC”) has commenced an offering through a private placement, subject to market and other conditions, to offer $1 billion in aggregate principal amount of HHC senior notes consisting of senior notes due 2032 (the “2032 Notes”) and senior notes due 2034 (the “2034 Notes” and, together with th ...

Howard Hughes Holdings Inc. (NYSE:HHH) is one of the best stocks to buy, according to billionaire Bill Ackman. In December, Reuters reported the company is poised to purchase specialty insurance firm Vantage Group Holdings. Howard Hughes Holdings Inc. (HHH) Expands Into Specialty Insurance with $2.1B Deal for Vantage Group Holdings The $2.1 billion acquisition is part of the real estate firm’s bid to diversify its footprint beyond property development. Additionally, the deal is expected to transform Howa ...

Core Insights - Tapasya Fund achieved a net return of 23.5% in 2025, outperforming the S&P 500's return of 17.9% [1] - The fund's performance was bolstered by developments in Artificial Intelligence (AI) and market fluctuations due to tariffs [1] - The fund aims to mitigate sector-specific risks to protect its portfolio from broader market downturns [1] Company Insights - Howard Hughes Holdings Inc. (NYSE:HHH) experienced a one-month return of -2.64% and a 52-week gain of 14.71% [2] - As of January 8, 2026, Howard Hughes Holdings Inc. had a market capitalization of $4.891 billion, with shares closing at $82.34 [2] - The fund sold its position in Howard Hughes Holdings Inc. due to opportunity cost, despite not incurring a realized loss [3] - The decision to sell was influenced by the desire to invest in assets with higher potential returns, as HHH's stock remained flat during the holding period [3] Market Sentiment - Howard Hughes Holdings Inc. was held by 32 hedge fund portfolios at the end of Q3 2025, a decrease from 36 in the previous quarter [4] - The potential of Howard Hughes Holdings Inc. is acknowledged, but certain AI stocks are viewed as having greater upside potential and lower downside risk [4]

Core Viewpoint - Howard Hughes Holdings Inc. will release its fourth quarter earnings for 2025 on February 19, 2026, and will hold a conference call on February 20, 2026, at 10:00 AM Eastern Time [1]. Group 1 - The earnings release will be available on the Investors section of the Company's website prior to the conference call [1]. - Listeners can participate in the earnings call via a live webcast and may join the Q&A session by pre-registering on the Company's earnings call registration webpage [2]. - An on-demand replay of the earnings call will be accessible on the Company's website for one year following the live call [2]. Group 2 - Howard Hughes Holdings Inc. is a holding company focused on long-term shareholder value through its real estate platform [3]. - The Company owns, manages, and develops commercial, residential, and mixed-use real estate across the U.S., including notable properties like The Woodlands, Summerlin, and Ward Village [3]. - Howard Hughes Holdings Inc. is publicly traded on the New York Stock Exchange under the ticker symbol HHH [3].

Core Insights - Pershing Square Capital Management, led by Bill Ackman, maintains a concentrated portfolio focused on high-conviction investments, emphasizing dominant franchises and long-duration cash flows [1][2] Portfolio Overview - The majority of capital is allocated to a few global compounders, with modest and selective position changes reflecting maintenance around core convictions rather than dramatic rotations [2][14] Key Holdings - **Uber Technologies (UBER)**: 30,270,518 shares valued at $2.97 billion, representing over 20% of the portfolio; slight reduction of 30,643 shares indicates rebalancing rather than a change in conviction [3][4] - **Brookfield Corp (BN)**: 41,020,231 shares valued at $2.81 billion, about 19% of assets; modest trim of 140,166 shares reinforces its status as a core compounding vehicle [5] - **Howard Hughes Holdings (HHH)**: 18,852,064 shares valued at $1.55 billion; unchanged position reflects patience in long-term real estate development strategy [6] - **Alphabet Inc. (GOOG)**: 6,324,031 shares valued at $1.54 billion; unchanged position highlights its role as a durable cash-generating franchise [7] - **Restaurant Brands International (QSR)**: 22,915,496 shares valued at $1.47 billion; slight reduction of 85,418 shares, yet remains a top holding with significant growth potential [8] - **Amazon.com (AMZN)**: 5,823,316 shares valued at $1.28 billion; unchanged position indicates confidence in long-term cash flow potential [9] - **Alphabet Inc. (GOOGL)**: 4,843,973 shares valued at $1.18 billion; reduction of 519,007 shares (-9.68%) reflects portfolio concentration management [10] - **Chipotle Mexican Grill (CMG)**: 21,541,177 shares valued at $844.2 million; unchanged position emphasizes operational excellence and brand-driven unit economics [11] - **Hilton Worldwide (HLT)**: 3,030,578 shares valued at $786.3 million; steady holding reflects confidence in asset-light lodging models [12] - **Seaport Entertainment Group (SEG)**: 5,023,780 shares valued at $115.1 million; stable position with no activity this quarter [13] Strategic Takeaways - The portfolio remains extremely concentrated, with the top five positions accounting for the majority of assets, reinforcing a preference for depth over breadth [14] - Changes in the portfolio were incremental, consisting mainly of small trims rather than aggressive repositioning [14] - High-quality compounders dominate the portfolio, with Uber, Brookfield, Alphabet, Amazon, and Chipotle anchoring it with durable cash flows [14] - Patience is a defining feature of the strategy, as minimal turnover and unchanged core positions reflect confidence in long-term investment theses [15]

Core Insights - Bill Ackman is transforming Howard Hughes Holdings Inc. into a diversified holding company by acquiring Vantage Group Holdings for $2.1 billion, aiming to replicate Berkshire Hathaway's model [1][6][8] Acquisition Details - The acquisition of Vantage Group is valued at approximately 1.5 times its estimated year-end 2025 book value, with the deal expected to close in the second quarter of 2026, pending regulatory approvals [3] - Howard Hughes will finance the $2.1 billion purchase using a mix of cash on hand and up to $1 billion from Pershing Square through newly issued preferred stock, which is non-interest bearing and non-voting [4] Market Reaction - Following the announcement of the acquisition, Howard Hughes shares increased by 3%, indicating positive investor sentiment [5] Strategic Shift - The acquisition is part of a broader strategy to pivot Howard Hughes beyond real estate development, which includes the recent spinoff of Seaport Entertainment Group [9] - Ackman has emphasized the importance of finding a management team or acquiring an existing company to serve as the core of this new diversified platform [3]

Core Viewpoint - Howard Hughes Holdings is set to acquire Vantage Group Holdings Ltd, indicating a strategic move to expand its portfolio and capabilities in the market [1]. Group 1 - The conference call is led by Joe Valane, General Counsel, with key executives from Howard Hughes Holdings present, including Bill Ackman, Ryan Israel, David O'Reilly, and Carlos Olea [2]. - The call serves as a platform to discuss the acquisition and its implications for the company [1][2]. Group 2 - Forward-looking statements are made during the call, emphasizing that expectations are based on reasonable assumptions but are not guaranteed to be achieved [3]. - The company highlights the importance of understanding risk factors that could lead to material differences between projected outcomes and actual results [3].

Core Viewpoint - Pershing Square Holdings Ltd. plans to invest up to $1 billion in Howard Hughes Holdings Inc. to support its acquisition of Vantage Group Holdings Ltd. for approximately $2.1 billion, marking a strategic shift for Howard Hughes towards becoming a diversified holding company [1][3]. Group 1: Investment Details - Pershing Square will purchase non-voting preferred shares from Howard Hughes as part of the investment [1]. - The acquisition of Vantage will be financed through a combination of Howard Hughes' cash reserves and Pershing's stock subscription, with completion expected in the second quarter of 2026 [4]. Group 2: Vantage Group Holdings - Vantage Group Holdings has a portfolio valued at roughly $2.8 billion, with 90% of its invested assets in fixed-income products as of September [2]. - The firm was founded in 2020 with an initial equity capital of $1 billion from Carlyle Group Inc. and Hellman & Friedman, and later secured an additional commitment of up to $200 million from these firms [2]. Group 3: Financial Performance - Vantage reported approximately $1.2 billion in net written premiums over the 12 months ending in September, with 60% attributed to its specialty insurance business and the remainder to reinsurance [3].