Discover Bill Ackman's Q1 2024 stock holdings, including Chipotle and Hilton, and explore his investment strategy.
Deals
July 19, 2024
When it comes to high-profile investors, few names are as recognizable as Bill Ackman. As the CEO and portfolio manager of Pershing Square Capital Management, Ackman has made a name for himself with significant, high-conviction bets on companies he believes are undervalued.
Here is a look at Pershing Square's Q1 2024 13F filings which provides valuable insights into Ackman's current portfolio.
The 13F filing for Pershing Square Capital Management, L.P., dated May 15, 2024, outlines the firm's holdings as of March 31, 2024. The filing reveals that the firm's portfolio is valued at approximately $10.76 billion, spread across seven holdings. Below is a detailed breakdown of the stocks that Ackman is betting on, along with their backgrounds:
Chipotle Mexican Grill is a fast-casual restaurant chain that specializes in tacos and Mission-style burritos made to order in front of the customer. Founded in 1993 by Steve Ells, Chipotle has grown significantly due to its commitment to using high-quality ingredients and a transparent supply chain. The company's focus on sustainability and digital innovation has helped it maintain a strong market presence and attract a loyal customer base.
Hilton Worldwide is a global hospitality company that owns, leases, manages, and franchises a broad portfolio of hotels and resorts. Established by Conrad Hilton in 1919, Hilton is one of the most recognized names in the industry, offering a variety of brands from luxury to budget accommodations. The company’s resilience and growth, particularly in emerging markets, align well with Ackman's investment strategy.
Restaurant Brands International (RBI) is the parent company of three iconic quick-service restaurant brands: Burger King, Tim Hortons, and Popeyes. Formed in 2014 through the merger of Burger King and Tim Hortons, with the subsequent acquisition of Popeyes in 2017, RBI is known for its strong brand recognition and global footprint. The company leverages its scale to drive efficiency and growth across its franchises.
Alphabet Inc. is the parent company of Google, the world’s leading search engine. Founded in 1998 by Larry Page and Sergey Brin, Google has expanded its services to include advertising, cloud computing, software, and hardware. Alphabet's other notable ventures include YouTube, Google Cloud, and its "Other Bets" segment, which focuses on ambitious projects like Waymo (self-driving cars) and Verily (life sciences). Alphabet's continuous innovation and dominant market position make it a strong investment.
The Howard Hughes Corporation is a real estate development and management company known for transforming underutilized properties into vibrant communities. Spun off from General Growth Properties in 2010, the company focuses on master-planned communities, operating properties, and development opportunities across the United States. Its significant projects include the Seaport District in New York City and The Woodlands in Texas. Ackman’s investment suggests confidence in the company's long-term development potential and strategic vision.
Canadian Pacific Kansas City (CPKC) is a major North American transportation company that resulted from the merger of Canadian Pacific Railway and Kansas City Southern in 2021. The company operates an extensive rail network across Canada, the United States, and Mexico, facilitating the efficient movement of goods and commodities. CPKC's strategic positioning in the transportation industry, coupled with its potential for cross-border trade growth, makes it an attractive investment for Ackman.
In addition to its Class C shares (GOOG), Ackman has also invested in Alphabet’s Class A shares (GOOGL), which carry voting rights. This dual investment shows Ackman’s belief in Alphabet’s long-term growth potential and its dominant position in the tech industry.
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