3 Top Stock Picks of Billionaire Bill Ackman

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1. Hilton Worldwide Holdings Inc. (NYSE:HLT)

Number of Hedge Fund Holders: 60 

Hilton Worldwide Holdings Inc. (NYSE:HLT), a hospitality company, owns, leases, manages, develops, and franchises hotels and resorts. The hedge fund chaired by Ackman owned close to 9.9 million shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) at the end of June 2022 worth $1.1 billion, representing 14.79% of the portfolio. 

On September 16, Berenberg analyst Stuart Gordon upgraded Hilton Worldwide Holdings Inc. (NYSE:HLT) stock to Buy from Hold and raised the price target to $152 from $140, noting that the accelerating recovery in lodging was yet to be reflected in the shares. 

At the end of the second quarter of 2022, 60 hedge funds in the database of Insider Monkey held stakes worth $3.7 billion in Hilton Worldwide Holdings Inc. (NYSE:HLT), compared to 52 in the previous quarter worth $5.5 billion.

In its Q4 2021 investor letter, Pershing Square Capital, an asset management firm, highlighted a few stocks and Hilton Worldwide Holdings Inc. (NYSE:HLT) was one of them. Here is what the fund said:

“Hilton Worldwide Holdings Inc. (NYSE:HLT) is a high-quality business with a multi-year runway of accelerated earnings growth and an exceptional management team. Industry conditions poised to exceed pre-COVID levels in the near term.

HLT well positioned for enhanced long-term performance.

  • Average daily revenue per room (“RevPAR”) likely to recover to pre-COVID levels before the end of 2022.
  • Occupancy is improving with average daily rate (“ADR”) already above pre-COVID levels.
  • Ability to change room rates daily provides hedge against inflation (…read more).”

You can also take a peek at 12 Best Environmental Stocks to Invest In and 10 Best Nickel Stocks to Buy Now.

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