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

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1. Brookfield Corporation (NYSE:BN)

Pershing Square’s Stake: $2.8 Billion

Brookfield Corporation (NYSE:BN) is a long-term holding in the 13F portfolio of Pershing Square. The stock first appeared in 13F filings for the fund in the second quarter of 2025. Back then, this position comprised 10.2 million shares. In the third quarter of 2025, the hedge fund increased this holding by 377%, growing the stake to 49 million shares. Further additions of 6% and 17% were made in the coming two quarters and the share ownership in the firm swelled to around 60 million. Filings for the fourth quarter of 2025 show that the fund owned more than 61 million shares in the company. Brookfield is a multi-asset manager focused on real estate, credit, renewable power and transition, infrastructure, venture capital, and private equity including growth capital and emerging growth investments.

READ MORE: 15 Best Stocks to Buy According to Billionaire Ray Dalio.

Brookfield Corporation (NYSE:BN) has a new engine driving growth in recent years. This is the insurance and wealth management arm of the firm. Since its launch in 2020, Brookfield Wealth Solutions has grown to manage over $143 billion in insurance assets. This provides a low-cost pool of capital that Brookfield can reinvest into its global high-yield infrastructure projects. The pending acquisition of Just Group in early 2026 is seen as a major catalyst that will strengthen its annuity portfolio and broaden its reach into the UK pension market. The company has also been investing in AI infrastructure. In late 2025 and early 2026, Brookfield partnered with Reliance Industries and Digital Realty to develop 1 gigawatt of AI data center capacity.

While we acknowledge the potential of BN to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than BN and that has 100x upside potential, check out our report about the cheapest AI stock.

READ NEXT: Billionaire David Tepper’s 10 Small and Midcap Stock Picks with Huge Upside Potential and 10 Best Stocks to Invest In According to Billionaire Steve Cohen.

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