Bill Ackman Portfolio Analysis: Key Moves, Concentration & Conviction

Bill Ackman’s Pershing Square Capital Management reported an equity portfolio of roughly $15.5–16 billion in the latest quarter, maintaining its signature high-conviction, concentrated strategy.The portfolio remains tightly focused in a small number of large-cap positions, with the top holdings spanning technology platforms, consumer brands, hospitality, asset management, and selective special situations. Pershing Square continues to run one of the most concentrated portfolios among large hedge funds.The la ...