10 Best Long-Term Stocks to Buy According to Bill Ackman

7. Howard Hughes Holdings Inc. (NYSE:HHH)

Pershing Square’s Stake: $1.5 Billion

Howard Hughes Holdings Inc. (NYSE:HHH) first appeared in the 13F portfolio of Pershing Square in the third quarter of 2023. Back then, this position comprised 17.6 million shares. In the fourth quarter of 2023, the hedge fund added more than 12% to this holding, growing it to over 19.7 million shares. A 4% reduction in this stake was made in the third quarter of 2024. In the five quarters since then, no buying or selling activity has been registered against this holding by the hedge fund. The company develops master planned communities in the United States. It acquires or develops retail, office, and multifamily properties.

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Howard Hughes Holdings Inc. (NYSE:HHH) is no longer just a real estate developer. It is using its massive cash flow from land sales to acquire controlling interests in high-quality, durable growth businesses, mirroring the strategy of Warren Buffett’s Berkshire Hathaway. The company owns a unique portfolio of trophy MPCs, including Summerlin in Las Vegas and The Woodlands in Houston. These assets have seen their Gross Asset Value (GAV) rise to $4.8 billion, even as the firm sold off thousands of acres. Elite investors view the remaining land as a finite resource that increases in value as supply in these high-growth regions tightens.