The Motley Fool·2026-02-11 09:06Core Insights - Nearly half of Pershing Square Capital Management's $14.6 billion in invested assets is concentrated in two trillion-dollar stocks and a leading company in a rapidly growing industry, particularly in artificial intelligence (AI) [1][5]. Investment Focus - The investment trend in AI has gained significant traction on Wall Street over the past three years, with major investors recognizing the multitrillion-dollar opportunities it presents [2]. - Bill Ackman, the head of Pershing Square Capital Management, is known for his activist investment strategy, focusing on undervalued assets and corporate changes to unlock shareholder value [4]. Key Holdings - Approximately 48% of Pershing Square's invested assets are linked to three prominent AI stocks, with Alphabet being the largest holding at 19% of the portfolio [5][6]. - Alphabet (GOOGL) is a major player in AI, leveraging generative AI solutions and large language models within its Google Cloud platform, which has seen a 47% year-over-year sales growth [8][10]. - Amazon (AMZN) constitutes 8.7% of the invested assets, with its Amazon Web Services (AWS) being the primary income generator, experiencing a 24% constant-currency sales growth [12][13]. - Uber Technologies (UBER) represents 20% of the invested assets, with its ride-sharing platform heavily reliant on AI for operations, and the global ride-sharing market projected to grow significantly [17][18][20]. Financial Strength - Alphabet ended 2025 with $126.8 billion in cash and equivalents, allowing for substantial investments in AI and other growth initiatives [10]. - Amazon also reported around $123 billion in cash and equivalents, providing ample capital for high-growth investments [16].