Bill Ackman adds Netflix, Visa and Mastercard in sweeping portfolio revamp
Investor Bill Ackman disclosed six new equity positions, including Netflix, Visa and Mastercard, marking his largest portfolio shift in years.
Bill Ackman revealed that his investment vehicles have acquired shares in six companies—Netflix, Visa, Mastercard, Alcon, Intercontinental Exchange and S&P Global—constituting the most extensive rebalancing of his holdings in years. The positions will be held within Pershing Square USA, the fund that debuted on the New York Stock Exchange in April, as well as his existing funds. Ackman explained that he anticipates strong earnings growth at these firms, which he views as the key driver of long-term value.
Market reaction was broadly positive, with Netflix up about 3.3% and other stocks posting modest gains. The disclosures are expected to appear in the upcoming 13F filings, which investors monitor for trend signals. Ackman's broader portfolio also includes Microsoft, Uber, Meta, Amazon, Fannie Mae and Freddie Mac, among others.
Why it matters
The new holdings signal Ackman's confidence in earnings growth at major consumer and financial firms, influencing market sentiment and fund-manager strategies.
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