Majority of Bill Ackman’s Pershing Square Portfolio Invested in Four Key AI Stocks

Bill Ackman Focuses on AI Applications in Latest 13F Filing

Pershing Square’s Bill Ackman reported a $19.5 billion portfolio with 44.4% allocated to AI application stocks including Uber Technologies, Microsoft, Amazon, and Meta Platforms, as of the June-ended quarter. These stocks hold attractive valuations, with forward price-to-earnings ratios of 17 for Uber, 20.5 for Microsoft, 24.7 for Amazon, and 16.2 for Meta.

Ackman’s concentrated investment strategy is notable as it diverges from trends favoring AI infrastructure stocks. He is betting on companies capable of sustaining market share through their solid operational cash flows, especially if the anticipated AI bubble experiences correction.

This distinct focus on AI applications comes amid discussions around significant market valuations, with Ackman’s positioning aiming to mitigate risks associated with potential market fluctuations.