48% of Bill Ackman's Portfolio Is Invested in These 3 Artificial Intelligence (AI) Stocks

Core Insights - Billionaire Bill Ackman and his hedge fund, Pershing Square Capital Management (PSCM), are closely monitored by retail investors due to their concentrated investment strategy, typically holding only 10-12 stocks at a time [1] Investment Focus - PSCM has significantly invested in artificial intelligence stocks, with nearly 48% of its capital allocated to three AI companies [2] Company Analysis Uber - Uber constitutes 20% of PSCM's portfolio, with Ackman praising CEO Dara Khosrowshahi for transforming the company into a profitable entity generating billions in free cash flow [3][5] - The company has seen a 21% year-over-year increase in gross bookings in Q3 2025, and PSCM anticipates 30% annual earnings-per-share growth in the medium term [5][6] - Uber's partnerships with autonomous driving companies like Waymo enhance its AI exposure, making it a strong long-term investment [6][7] Alphabet - Alphabet represents 19% of PSCM's portfolio, with a market cap of $3.6 trillion, and is viewed as undervalued based on sum-of-the-parts analysis [8][10] - The company has strong growth prospects through its various businesses, including YouTube and Google Cloud, despite concerns over maintaining search dominance against AI chatbots [11] - PSCM is impressed with Alphabet's AI advancements, which have been rolled out to 2 billion users globally, indicating strong user engagement [11] Amazon - Amazon accounts for 8.7% of PSCM's portfolio, with shares acquired during a sell-off due to tariffs [12] - The company's e-commerce business is robust, supported by its logistics capabilities, while Amazon Web Services (AWS) leads the global cloud market [14][15] - With only 20% of IT workloads currently on the cloud, there is significant growth potential for Amazon, especially with the increasing demand for AI tools [15]