Brookfield Corporation(US:BN) The Motley Fool·2026-03-14 23:15Investment Opportunity - Bill Ackman is planning to make Pershing Square shares publicly traded through a dual IPO of the hedge fund and a new closed-end fund, allowing investors to gain a small stake in the hedge fund management company [1] Ackman's Investment Strategy - Ackman's strategy focuses on buying and holding a concentrated portfolio of undervalued companies for extended periods, with recent filings indicating that approximately 48% of his managed stock portfolio is invested in three main companies [2] Company Analysis 1. Brookfield Corp. (17.5%) - Brookfield Corp. has a growing annuities and insurance business, Brookfield Wealth Solutions, with $120 billion in invested assets expected to grow to $600 billion over time, bolstered by the recent acquisition of Just Group [5] - The company anticipates a 25% increase in total distributable earnings this year, aligning with management's annualized target, and shares are currently trading at 18 times last year's distributable earnings, indicating a potential bargain [8] 2. Uber (15.9%) - Uber's stock is perceived as undervalued due to concerns over self-driving cars and robotaxi services, which Ackman believes are exaggerated [9] - The company has shown strong growth in its core ridesharing and delivery business, with a 22% year-over-year increase in trips and a 35% year-over-year growth in EBITDA, while shares trade at less than 23 times analysts' earnings estimates for the year [12][13] 3. Alphabet (14.8%) - Alphabet has benefited significantly from advancements in artificial intelligence, with its Google search business seeing increased engagement through AI Overviews, which monetize at the same rate as traditional search queries [14][15] - The Google Cloud platform has experienced a 48% year-over-year revenue growth, driven by strong demand for AI-related services, although heavy capital expenditures are expected to impact free cash flow [18][19]