Does Bill Ackman Know Something Wall Street Doesn't? The Billionaire Investor Has More Than Quintupled His Stake in This Stock.

Bill Ackman is one of the must-watch investors of the 21st century. Ackman was an activist short seller for most of his career, but in recent years, he has transitioned to more of a long-only investor. Over the past five years, Ackman's main fund Pershing Square Holdings has returned 28% annually from 2019 to 2023.However, the fund has trailed the broader benchmark S&P 500 index since its inception about a decade ago, according to Barron's. Ackman and Pershing maintain a small portfolio with less than a dozen names.The billionaire has recently piled into a stock down over 23% in the last five years. Does Ackman know something Wall Street doesn't? Let's take a look.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool