Core Insights - Bill Ackman maintains a concentrated portfolio with only 10 high-conviction companies, which allows for potential market-beating returns [1][2] Group 1: Top Holdings - Uber constitutes 19.7% of Pershing Square's portfolio, with Ackman acquiring 30.3 million shares at the start of 2025, and the stock has risen approximately 55% since then [4][8] - Uber has a strong user base of 170 million monthly active users and is experiencing growth in gross bookings by 14% last quarter, with EBITDA increasing by 35% and free cash flow growing by 66% [5][7] - Brookfield represents 18.4% of the portfolio, with a diversified business model across real estate, renewable power, and infrastructure, achieving an average growth rate of 19% in distributable earnings per share over the past five years [9][11] - Howard Hughes Holdings accounts for 13.3% of the portfolio, with Ackman acquiring a 46.9% economic stake and aiming to transform it into a diversified holding company, while the company's net asset value is estimated at $5.8 billion per share, compared to a market cap of $4 billion [13][15][18] Group 2: Financial Performance - Uber's enterprise value is less than 23 times forward EBITDA estimates, with management expecting EBITDA growth above 30% in the coming years, indicating an attractive valuation [8] - Brookfield's stock trades at 19 times trailing earnings per share, suggesting it is undervalued compared to peers despite strong growth expectations [12] - Howard Hughes generates strong operating cash flow from real estate sales and rental income, allowing for reinvestment into new projects while maintaining strong returns on capital [16]

RT Kadense Pengu°❗️❗️❗️ (@iamkadense)The absolute GOAT. Study convictionPeople want @theunipcs returns but are you willing to do what he does to get them with thesis, conviction, steel stomach and diamond hands ?$BONK ...

RT Dippy.eth (@dippy_eth)This is what real conviction looks lik,e and your prime example is @theunipcs up $5milMan never sold. He clipped over 380K into #USELESS and held through all the choppy price action and manipulation.Conviction over Bullshido https://t.co/UEzA6KRmnn ...

RT Sniper (@snipeder)I was down over $20k on #Useless when I DMed @theunipcs just 3 weeks ago.CT had written him off — said he lost all motion, called him a farmer.Today? He’s a full-on chad.Just goes to show how fickle and emotional CT really is.Lesson in here is when you spot a conviction play, ignore the noise and keep stacking. ...

Analyst's Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or a ...

Investment Strategy - The company focuses on identifying high-potential winners before they break out, emphasizing asymmetric opportunities with an upside potential of 2-3 times outweighing the downside risk [1] - The investment methodology includes leadership and management analysis, market disruption and competitive positioning, financial health and risk management, valuation and asymmetric risk/reward, and portfolio construction and risk control [1] Leadership & Management Analysis - Proven track record in scaling businesses is essential for investment decisions [1] - Smart capital allocation and insider ownership are key factors [1] - Consistent revenue growth and credible guidance are prioritized [1] Market Disruption & Competitive Positioning - A strong technology moat and first-mover advantage are critical for success [1] - Network effects that drive exponential growth are sought after [1] - Market penetration in high-growth industries is a focus area [1] Financial Health & Risk Management - Sustainable revenue growth with efficient cash flow is a priority [1] - A strong balance sheet and long-term survival runway are essential [1] - Avoiding excessive dilution and financial weakness is emphasized [1] Valuation & Asymmetric Risk/Reward - Revenue multiples compared to peers and DCF modeling are used for valuation [1] - Institutional backing and market sentiment analysis are considered [1] - Ensuring downside protection with significant upside potential is a key strategy [1] Portfolio Construction & Risk Control - Core positions (50-70%) consist of high-confidence, stable plays [1] - Growth bets (20-40%) are high-risk, high-reward opportunities [1] - Speculative investments (5-10%) are aimed at moonshot disruptors with massive potential [1]