Bill Ackman’s Pershing Square Invests in Netflix and Five Other Stocks: Key Insights for Investors

Key Points

• Billionaire investor Bill Ackman’s Pershing Square Holdings purchased Netflix shares following a significant sell-off, acquiring stocks after a 50% decline in value from its all-time highs in June 2025.

• Ackman also took new positions in Visa, Mastercard, S&P Global, Intercontinental Exchange, and Alcon during the second quarter of 2023, focusing on stocks affected by fears relating to artificial intelligence.

• Pershing raised $5 billion through two initial public offerings, with 85% of that capital already deployed as of June 15, 2023.

In the latest interim report, Ackman emphasized that concerns regarding artificial intelligence disrupting Netflix’s business are overstated, noting that high costs for producing long-form video content provide Netflix a competitive advantage. Despite skepticism around AI, he believes traditional services will be more affected than Netflix.

Overall, Ackman’s strategy reflects a broader trend of investing in undervalued stocks that have faced unnecessary selling pressure due to AI-related fears, demonstrating a commitment to finding value amidst market volatility.