In this article, we will list the 5 best long-term stocks to buy according to Bill Ackman. Please visit 10 Best Long-Term Stocks to Buy According to Bill Ackman if you would like to see the extended list and the methodology behind it.
5. Meta Platforms, Inc. (NASDAQ:META)
Pershing Square’s Stake: $1.8 Billion
Meta Platforms, Inc. (NASDAQ:META) is a relatively new addition to the 13F portfolio of Pershing Square. Filings for the fourth quarter of 2025 show that the fund owned 2.67 million shares in the company. The firm engages in the development of products that enable people to connect and share with friends and family through mobile devices, personal computers, virtual reality (VR) headsets, and AI glasses in the United States, Canada, Europe, Asia-Pacific, and internationally. Smart money managers are continuing to accumulate the stock, viewing it as a top-tier AI monetization play.
Meta Platforms, Inc. (NASDAQ:META) has been making large scale efforts to achieve AI independence. Earlier this month, reports surfaced regarding Meta’s expanded partnership with Broadcom to develop custom AI chips (ASICs). Analysts from Barclays and Morgan Stanley have noted that custom silicon could drastically lower Meta’s long-term capital expenditures and dependency on NVIDIA’s H100/B200 chips, protecting Meta’s industry-leading margins. The firm has also emerged as the clear winner in the AI-driven advertising recovery. By using its Llama models to automate ad creative and targeting, the company has significantly improved ROI for advertisers. In late April, Barclays reaffirmed a Buy rating, citing record-breaking app downloads and high engagement across Instagram and Threads, which are successfully capturing market share from smaller social media rivals.
4. Alphabet Inc. (NASDAQ:GOOGL)
Pershing Square’s Stake: $1.9 Billion
Alphabet Inc. (NASDAQ:GOOGL) has been a mainstay in the 13F portfolio of Pershing Square since the first quarter of 2023. Back then, this position comprised just over 8 million shares. In the second quarter of 2023, the fund added to this position, growing it by more than 16% to just under 10 million shares. The holding stayed relatively stable for a few quarters before the fund trimmed the stake, reducing it by close to 20% to 7.5 million shares in the second quarter of 2024. In the first quarter of 2025, this was reduced by another 16%, bringing share ownership down to around 6.3 million shares. Filings for the fourth quarter of 2025 show that the fund owned 6.1 million shares in the firm.
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Alphabet Inc. (NASDAQ:GOOGL) is grabbing headlines after investing heavily in AI chips to bypass reliance on NVIDIA. Earlier this month, Google Cloud unveiled TPU v8, split into training 8t and inference 8i chips. This custom silicon allows Google to run AI models at a significantly lower cost than competitors relying solely on third-party GPUs, a move BMO Capital recently called a structural margin advantage. The Cloud segment of the firm is also in the middle of blockbuster deals with Thinking Machines Lab and a potential $1 billion partnership with Merck. Analysts expect Google Cloud growth to exceed 50% year-over-year in Q1 2026, driven by the new Gemini Agent platform which allows enterprises to build autonomous AI workers.
3. Amazon.com, Inc. (NASDAQ:AMZN)
Pershing Square’s Stake: $2.2 Billion
Amazon.com, Inc. (NASDAQ:AMZN) first appeared in the 13F portfolio of Pershing Square in the second quarter of 2025. Back then, this position comprised 5.8 million shares. No activity was registered against this position in the third quarter of 2025. In the fourth quarter of 2025, however, the fund added to this holding by 65%, growing the stake to 9.6 million shares. This position is the third-largest in the Pershing 13F portfolio, accounting for nearly 15% of the total. The firm engages in the retail sale of consumer products, advertising, and subscriptions service through online and physical stores in North America and internationally.
READ MORE: 10 Best Stocks to Buy According to Billionaire Paul Tudor Jones.
Wall Street interest in Amazon.com, Inc. (NASDAQ:AMZN) stock is by the pivot of the firm from an e-commerce giant to a global leader in AI infrastructure. Hedge funds are betting that the investments of the company in data centers and AI will yield structurally higher margins as AWS captures the majority of enterprise generative AI workloads. A recent agreement by Amazon to invest up to an additional $25 billion in Anthropic, totaling over $33 billion, is seen as a demand lock. There is also renewed focus on the monetization of Rufus, the AI shopping assistant, which now serves 300 million users. Amazon’s advertising business, boosted by the ad-supported Prime Video tier reaching 315 million viewers, is now its fastest-growing high-margin segment, providing the cash flow to fund its AI ambitions.
2. Uber Technologies, Inc. (NYSE:UBER)
Pershing Square’s Stake: $2.5 Billion
Uber Technologies, Inc.(NYSE:UBER) has been a mainstay in the 13F portfolio of Pershing Square since the first quarter of 2025. Back then, this position consisted of 30.3 million shares. Filings for the fourth quarter of 2025 show that the fund owns 30.1 million shares in the company, roughly the same as in the third quarter of 2025. The firm develops and operates proprietary technology applications in the United States, Canada, Latin America, Europe, the Middle East, Africa, and the Asia Pacific. The company connects consumers with a range of transportation modalities, such as ridesharing, carsharing, micromobility, rentals, public transit, taxis, and other modalities.
Uber Technologies, Inc.(NYSE:UBER) is in the middle of a transformation from a gig labor business into an autonomous vehicle and high-margin advertising powerhouse. Earlier this month, Uber expanded a commitment to Lucid, now holding an 11.5% stake in the EV maker. This deal secures a pipeline of at least 35,000 robotaxis, including the Lucid Gravity and a new midsize platform, that Uber will operate directly. Unlike Tesla, which builds its own cars, top investors value this partnership first model. By integrating platforms like Waymo, Nuro, and Coco Robotics, the latter launched with Uber Eats in San Jose this week, Uber acts as the operating system for autonomous trips without the risk of manufacturing failures.
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.
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