In this article, we will take a look at the 8 Best Stocks to Buy According to Billionaire Bill Ackman.
Bill Ackman needs no introduction as an outspoken, legendary investor known for one risky bet after another. The founder and CEO of Pershing Square Capital has risen to become one of the most successful money managers on Wall Street.
As a value investor, Ackman is known for looking for good, hard-to-compete-with companies that he believes markets are underestimating. Pershing Square Holdings ended 2025 strongly, with reports indicating returns of over 20% driven by its value-investing strategy. The holding firm outperformed the S&P 500 by 14%, owing to its holdings in some of the biggest tech giants as well as unpopular names.
The catalyst behind the significant gains in 2025 was the growing expectation that the US Federal Reserve would cut interest rates. While the Fed cut three times, Ackman has warned that it is highly unlikely to cut further in 2026. “I think the Fed will abandon the goal of 2%,” Ackman told UBS Group’s global co-head of wealth management, Iqbal Khan
According to Ackman, it is fiction that the inflation levels will drop below the recommended 2%. The billionaire investor expects the Federal Reserve to aim for an inflation target of between 2.5% and 3%.
“People are expecting a couple more cuts from the Fed. I’m a little less of a believer there,” Ackman says. “There are so many powerful economic forces that are going to drive the economy and drive the markets that it’s hard to envision a world in which that at least some part [is] inflationary.”
Even with the Fed refraining from further interest rate cuts, Ackman insists President Donald Trump’s presidency is best suited for businesses to thrive.
“I think Trump has been the most pro-business president we’ve ever had,” Ackman said on CNBC’s “Squawk Box.”
Deregulation, infrastructure, and tax bills are among the tailwinds that Ackman believes have benefited businesses and are expected to support the stock market.
With that in mind, let’s take a look at some of the best stocks to buy according to Bill Ackman.
Our Methodology
We sifted through Pershing Square’s Q3 2025 13F filings and picked the hedge fund’s top 8 stock picks. Furthermore, we considered hedge fund sentiment for each stock using Insider Monkey’s Q3 2025 hedge fund database. Finally, we ranked the stocks in ascending order based on Pershing Square Holding Equity Stake.
Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research shows we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 427.7% since May 2014, beating its benchmark by 264 percentage points (see more details here).
Best Stocks to Buy According to Billionaire Bill Ackman
8. Hilton Worldwide Holdings Inc. (NYSE:HLT)
Pershing Square Holdings Equity Stake: $786.25 Million
Number of Hedge Fund Holders: 65
Hilton Worldwide Holdings Inc. (NYSE:HLT) is one of the best stocks to buy, according to billionaire Bill Ackman. On January 14, Hilton Worldwide Holdings Inc. (NYSE:HLT) board of directors approved a $3.5 billion increase in the company’s existing stock repurchase program. The total amount authorized for buyback has since risen to $4.6 billion.
The share buyback boost comes on the heels of Goldman Sachs upgrading the stock to a Buy from a Neutral and setting a $317 price target. The investment bank expects the company to return $11 billion in stock repurchases over the next four years, representing 20% of total market capitalization.
According to the investment bank, the company is well-positioned to benefit from ongoing outperformance in the higher-end consumer segment and international markets. The company boasts strong sector positioning, backed by a large pipeline of existing room count. Goldman Sachs has also touted Hilton’s competitive edge in revenue per available room, even as it focuses on property conversions.
Hilton Worldwide Holdings Inc. (NYSE:HLT) is a global hospitality giant that owns, manages, and franchises a massive portfolio of hotels, resorts, and timeshare properties under numerous brands, offering lodging and related services (food and dining) across luxury, lifestyle, full-service, and economy options.
7. Chipotle Mexican Grill, Inc. (NYSE:CMG)
Pershing Square Holdings Equity Stake: $844.19 Million
Number of Hedge Fund Holders: 65
Chipotle Mexican Grill Inc. (NYSE:CMG) is one of the best stocks to buy, according to billionaire Bill Ackman. On January 5, TD Cowen touted Chipotle Mexican Grill Inc. (NYSE:CMG)’s first quarter and full year 2026 same-store sales estimates, insisting they are achievable based on current projections.
Consequently, the research firm raised its price target to $44 from $40 while reiterating its Buy rating. The price target hike comes amid the firm downplaying previous management comments that the company would start 2026 at a negative baseline. Likewise, the firm insists that the recent market weakness is not company-specific but industry-wide.
Telsey Advisory Group shares similar sentiments, insisting softness in Chipotle’s business is due to macro pressure on consumer spending rather than structural weakness. Similarly, the firm has reiterated an Outperform rating on the stock with a $50 price target.
According to the firm, Chipotle is well-positioned to become a leading global restaurant brand, given its healthy multi-year unit growth prospects in North America. In addition, the restaurant chain is well-positioned to unlock new growth opportunities across Europe, the Middle East, and Asia.
Chipotle Mexican Grill, Inc. (NYSE:CMG) is a global fast-casual restaurant chain known for customizable burritos, tacos, bowls, and salads, emphasizing high-quality, responsibly sourced ingredients and classic cooking methods, operating over 3,900 locations by late 2025.
6. Amazon.com, Inc. (NASDAQ:AMZN)
Pershing Square Holdings Equity Stake: $1.27 Billion
Number of Hedge Fund Holders: 332
Amazon.com, Inc. (NASDAQ:AMZN) is one of the best stocks to buy, according to billionaire Bill Ackman. On January 13, TD Cowen reiterated a Buy rating on Amazon.com, Inc. (NASDAQ:AMZN) and raised the price target to $315 from $300.
The research firm raised its price target following an annual advertising buyer survey that showed positive indicators for the company’s advertising business. The survey showed that the tech giant is well-positioned to capitalize on and benefit from higher advertising budgets. TD Cowen expects 60% of the company’s advertisers to increase their spending in 2026.
In addition, Amazon’s Demand Side platform is expected to capture a larger share of advertising compared to other channels. The company is also likely to benefit from generative AI creative tools, driving returns on advertising spend. Consequently, Amazon’s advertising revenue is expected to more than double to $141.7 billion by 2030 from $68.2 billion in 2025.
The growth would come from the company’s share of the global digital advertising market, increasing from 10.6% to 13.2%. The share gain will also receive a boost from expanding DSP product, Prime Video advertising, and generative AI-powered optimization in the core e-commerce advertising product.
Amazon.com, Inc. (NASDAQ:AMZN) is a global tech giant focused on e-commerce, cloud computing (Amazon Web Services, or AWS), digital streaming, and AI, offering everything from online retail (books, electronics, groceries) to subscription services.
5. Restaurant Brands International Inc. (NYSE:QSR)
Pershing Square Holdings Equity Stake: $1.469 Billion
Number of Hedge Fund Holders: 33
Restaurant Brands International Inc. (NYSE:QSR) is one of the best stocks to buy, according to billionaire Bill Ackman. Late last year, analysts at RBC Capital reiterated Restaurant Brands International Inc. (NYSE:QSR) as a top idea among global franchised fast-food groups. Consequently, the research firm raised the stock’s price target to $82 from $77 while reiterating an Outperform rating.
The price target hike underscores the research firm’s confidence in the company’s long-term prospects amid improving trends at Burger King. The company has already inked a strategic partnership with Chinese alternative asset manager CPE to run Burger King Operations in China.
In addition, increased focus on investments for growth, supplemented by debt reduction, underscores the positive stance. The company also continues to capitalize on its diversified brand portfolio, which includes Tim Horton’s, Burger King, and Popeyes.
Restaurant Brands International Inc. (NYSE:QSR) is a major global quick-service restaurant company that owns, operates, and franchises iconic brands like Burger King, Tim Hortons, Popeyes, and Firehouse Subs. It offers everything from burgers and fried chicken to coffee, donuts, and hot subs.
4. Alphabet Inc. (NASDAQ:GOOGL)
Pershing Square Holdings Equity Stake: $1.54 Billion
Number of Hedge Fund Holders: 243
Alphabet Inc. (NASDAQ:GOOGL) is one of the best stocks to buy, according to billionaire Bill Ackman. On January 12, Alphabet Inc. (NASDAQ:GOOGL)’s market capitalization broke through the $4 trillion mark after Apple announced it would use Gemini models to power its artificial intelligence and next-generation Siri.
The multiyear partnership will enable Apple to leverage Gemini and Google’s cloud technology for its foundational models. The deal underscores growing trust in Google’s accelerating AI agenda.
“After careful evaluation, we determined that Google’s technology provides the most capable foundation for Apple Foundation Models and we’re excited about the innovative new experiences it will unlock for our users,” Apple said in a statement.
The $4 trillion milestone comes on the heels of an impressive 2025, when the stock rallied by 65% amid an artificial intelligence boom. Alphabet has come back rolling after lagging its peers in putting together pieces of its AI and overcoming regulatory hurdles. In addition, the company has positioned itself to take on chip giants by unveiling the seventh generation of its tensor processing units.
Consequently, Citi analysts have touted Google as a top internet pick for 2026 as 70% of Google Cloud customers continue to use the company’s AI products. In addition, the company’s long-term prospects hinge on its chips and infrastructure capacity amid growing demand.
Alphabet Inc. (NASDAQ:GOOGL) is a technology conglomerate that operates a diverse portfolio of businesses. Its purpose is to provide a structured framework for a wide range of ventures, allowing the core Google business to remain focused while other subsidiaries pursue innovative projects independently.
3. Howard Hughes Holdings Inc. (NYSE:HHH)
Pershing Square Holdings Equity Stake: $1.54 Billion
Number of Hedge Fund Holders: 32
Howard Hughes Holdings Inc. (NYSE:HHH) is one of the best stocks to buy, according to billionaire Bill Ackman. In December, Reuters reported the company is poised to purchase specialty insurance firm Vantage Group Holdings.
The $2.1 billion acquisition is part of the real estate firm’s bid to diversify its footprint beyond property development. Additionally, the deal is expected to transform Howard Hughes Holdings into a diversified holding company akin to Berkshire Hathaway, as Vantage boasts a diversified portfolio of property and casualty products.
The company is to fund the acquisition with cash and up to a $1 billion loan from Bill Ackman’s hedge fund, Pershing Square. In return, it could buy back the stock from Pershing Square over seven years at a premium based on Vantage’s book value. The acquisition comes as the company increasingly buys controlling stakes in smaller businesses in other sectors as part of a diversification strategy.
“We’re following a playbook that worked for Berkshire Hathaway – starting with a core business and adding insurance to create a platform for long-term capital compounding,” said executive chair Ackman in a statement.
Howard Hughes Holdings Inc. (NYSE:HHH) develops, owns, and manages large-scale, mixed-use master-planned communities and commercial and residential real estate across the U.S. It focuses on creating vibrant places with a strong emphasis on design and long-term community growth, with significant developments in Las Vegas, Houston, and Honolulu, among others.
2. Brookfield Corporation (NYSE:BN)
Pershing Square Holdings Equity Stake: $2.81 Billion
Number of Hedge Fund Holders: 42
Brookfield Corporation (NYSE:BN) is one of the best stocks to buy, according to billionaire Bill Ackman. On December 17, BMO Capital reiterated an Outperform rating on Brookfield Corporation (NYSE:BN) and raised the price target to $49 from $46. The price target hike followed the stock’s 22% rally in 2025.
According to BMO Capital, Brookfield Corporation boasts an impressive 12% compound annual growth rate in distributable earnings. Additionally, the company is benefiting from rising asset management contributions, scaling of Wealth Solutions earnings, and improving carried interest realizations. Consequently, the price target hike reflects a higher valuation, implying a 15.6X multiple for projected 2027 distributable earnings.
Earlier on December 8, Brookfield Corporation confirmed the pricing of C$1 billion aggregate principal amount of medium-term notes. The offering comprises C$350 million aggregate principal amount of medium-term notes due March 1, 2033, bearing interest of 4.388%, and C$650 million aggregate principal amount of medium-term notes bearing interest of 5.399%. The company intends to use the net proceeds from the offering to redeem its 4.82% medium-term notes due January 28 and for general corporate purposes.
Brookfield Corporation (NYSE:BN) is a major global investment firm that manages vast capital by investing in tangible assets (infrastructure, renewable power, real estate, private equity) and operating a large Asset Management business, alongside Insurance Solutions (Wealth Solutions).
1. Uber Technologies, Inc. (NYSE:UBER)
Pershing Square Holdings Equity Stake: $2.96 Billion
Number of Hedge Fund Holders: 143
Uber Technologies Inc. (NYSE:UBER) is one of the best stocks to buy, according to billionaire Bill Ackman. On January 20, KeyBanc Capital Markets lowered its price target on Uber (NYSE:UBER) to $105 from $110, while maintaining an Overweight rating, citing a more cautious valuation amid uncertainty around autonomous vehicles.
The firm highlighted Uber’s dominant 64% rideshare market share versus Lyft’s 31%, alongside strong growth in delivery services, which helped drive 18.25% revenue growth to $49.61 billion over the past year. KeyBanc adjusted its EBITDA forecasts slightly, noting Uber’s current $5.29 billion EBITDA and continued profitability, while introducing new non-GAAP metrics to align with the company’s updated guidance.
On January 13, Mizuho touted Uber Technologies Inc. (NYSE:UBER) as one of the best US internet stocks for 2026. According to the research firm, the company is well-positioned to capitalize on waning fears about autonomous vehicles, which are expected to drive expansion from depressed levels.
The research firm expects winner-take-all competition and terminal value risk to ease as more autonomous vehicles enter commercial viability in 2026. There have been growing concerns that one company perfecting the robotaxi business model could pose a significant risk to Uber. However, given that the company does not need to own vehicles and instead focuses on demand aggregation, pricing, routing, and payments, this affirms its long-term prospects.
Uber Technologies, Inc. (NYSE:UBER) is a global technology company that operates a platform connecting people for on-demand services, primarily ride-hailing (Mobility), food/grocery delivery (Delivery), and freight logistics (Freight).
While we acknowledge the potential of UBER 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 UBER and that has 100x upside potential, check out our report about this cheapest AI stock.
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