In this article, we look at the Bill Ackman Stock Portfolio: Top 10 Stock Picks.
Stockpicking hedge funds are making a strong comeback in a market marked by volatility and uncertainty. Few embody this resurgence better than Bill Ackman. The billionaire hedge fund manager, founder of Pershing Square Capital Management, is known for his concentrated, high-conviction investing style. Ackman usually takes bold positions in just a handful of companies. While many funds follow the broader market, Ackman sets his strategy in a way that generates market-beating returns. He does so by betting big on companies he believes in.
There’s renewed investor enthusiasm for active stockpickers, as equity long-short funds experienced $10 billion in inflows in just the first half of the year, according to data from Hedge Fund Research. Previously, the sector suffered more than $120 billion in withdrawals since 2016. Zlata Gleason, partner and head of client advisory at Indus Capital, commented:
“The stock picker’s market is back. If you look at the volatility underneath, it’s like a rollercoaster. And that’s where stockpickers can really benefit.”
With this backdrop in mind, let’s move on to our list: Bill Ackman Stock Portfolio: Top 10 Stock Picks.
Our Methodology
To curate our list of the Bill Ackman Stock Portfolio: Top 10 Stock Picks, we scanned the stock portfolio of Pershing Square using its 13F filings for the first quarter of 2025. We ranked the stocks based on the value of the investment firm’s holdings in each stock as of the quarter’s end. Furthermore, we considered the hedge fund sentiment surrounding each stock, using Insider Monkey’s hedge fund database, which tracks over 1,000 hedge funds. The list of the Bill Ackman Stock Portfolio: Top 10 Stock Picks is presented in ascending order based on Bill Ackman’s stake.
Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that 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 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).
10. Hertz Global Holdings, Inc. (NASDAQ:HTZ)
Bill Ackman’s Stake: $59,100,000
Number of Hedge Fund Holders: 26
With a significant presence in Bill Ackman’s stock portfolio, Hertz Global Holdings, Inc. (NASDAQ:HTZ) secures a spot on our list of the Bill Ackman Stock Portfolio: Top 10 Stock Picks.
Hertz Global Holdings, Inc. (NASDAQ:HTZ) announced that it will release its Q2 2025 earnings on August 7, 2025. The analysts anticipate a year-over-year improvement in its earnings, along with a revenue dip. Meanwhile, Zacks projects a quarterly loss of $0.44 per share, a 69.4% YoY improvement. However, it expects revenue to decline to $2.17 billion, a 7.6% decrease.
Importantly, the EPS prediction has increased by 4.72% over the past month among the analysts. At the same time, Hertz Global Holdings, Inc. (NASDAQ:HTZ)’s historical record indicates caution as the company has missed the consensus EPS estimate for the four previous quarters. This includes a negative 3.7% surprise in Q1, where Hertz Global Holdings, Inc. (NASDAQ:HTZ) reported a loss of $1.12 per share.
Thus, the upcoming Q2 earnings release is highly anticipated with hopes of a positive earnings surprise from Hertz Global Holdings, Inc. (NASDAQ:HTZ), despite softening revenue trends.
Hertz Global Holdings, Inc. (NASDAQ:HTZ) offers vehicle rental services across the U.S. and international markets. Bill Ackman has bought 15 million shares of Hertz Global Holdings, Inc. (NASDAQ:HTZ) as of Q1 2025.
9. Seaport Entertainment Group Inc. (NYSE:SEG)
Bill Ackman’s Stake: $107,860,557
Number of Hedge Fund Holders: 10
Seaport Entertainment Group Inc. (NYSE:SEG) is included in our list of the Bill Ackman Stock Portfolio: Top 10 Stock Picks.
Following its approval to uplist from the NYSE American, Seaport Entertainment Group Inc. (NYSE:SEG)’s shares began trading on the New York Stock Exchange on June 30, 2025. The company’s management expressed excitement as the move positions it to reach a wider investor base and drive long-term shareholder value.
This follows Seaport Entertainment Group Inc. (NYSE:SEG)’s Q1 2025 earnings call, where the company’s management laid out its future strategic roadmap. SEG expects to hit breakeven by 2026, profitability in 2027, and asset stabilization by 2028. This future growth is attributed to drivers such as the enhancement of the Tin Building experience with Jean-Georges, the activation of vacancies across the Seaport district, monetization of underperforming assets like 205 Water Street, and expansion of event utilization at the Las Vegas Ballpark.
Therefore, Seaport Entertainment Group Inc. (NYSE:SEG)’s NYSE debut signals both recognition of its past growth and confidence in its future outlook.
Seaport Entertainment Group Inc. (NYSE:SEG), a leading entertainment and hospitality company, develops and operates integrated real estate destinations. Bill Ackman has bought 5.02 million shares of Seaport Entertainment Group Inc. (NYSE:SEG) as of Q1 2025.
8. Hilton Worldwide Holdings Inc. (NYSE:HLT)
Bill Ackman’s Stake: $682,825,214
Number of Hedge Fund Holders: 76
With a significant presence in Bill Ackman’s stock portfolio, Hilton Worldwide Holdings Inc. (NYSE:HLT) secures a spot on our list of the Bill Ackman Stock Portfolio: Top 10 Stock Picks.
Hilton Worldwide Holdings Inc. (NYSE:HLT) announced results for Q2 2025, beating earnings expectations with adjusted EPS of $2.20, compared to the anticipated $2.05. Driving factors included robust luxury and lifestyle growth, strong net unit additions, and over $1 billion in adjusted EBITDA. Looking ahead, the company, citing improving corporate and group travel demand, anticipates an even better Q4, following ongoing softer U.S. and China trends.
Following the earnings release, Raymond James increased its price target on Hilton Worldwide Holdings Inc. (NYSE:HLT) from $275 to $300 on July 30, maintaining an ‘Outperform’ rating. The analyst anticipates a strong Q4, driven by easier competition and growing demand. Furthermore, Raymond James highlighted the company’s growth momentum, demonstrated by over 221 hotel openings, the launch of new brands like LivSmart Studios, and a pipeline exceeding 510,000 rooms.
With a global portfolio of hotel brands, Hilton Worldwide Holdings Inc. (NYSE:HLT) offers a range of accommodation services. Bill Ackman has bought 3 million shares of Hilton Worldwide Holdings Inc. as of Q1 2025.
7. Canadian Pacific Kansas City Limited (NYSE:CP)
Bill Ackman’s Stake: $1,039,093,677
Number of Hedge Fund Holders: 65
Canadian Pacific Kansas City Limited (NYSE:CP) is included in our list of the Bill Ackman Stock Portfolio: Top 10 Stock Picks.
On July 31, 2025, Stephens increased its price target on Canadian Pacific Kansas City Limited (NYSE:CP) from $95 to $97, maintaining an ‘Overweight’ rating. This follows the company’s second-quarter results, where it reported earnings of $0.81 per share, one cent below expectations, attributed to softer revenue per carload and higher operating costs.
Yet, the analyst highlighted Canadian Pacific Kansas City Limited (NYSE:CP)’s strong fundamentals, marked by gross margins of 52.36% and 12-month revenue growth of 7.33%. As such, Stephens remains optimistic about the company’s FY25 EPS growth of 10%-14% due to its role as the only rail network linking Canada, the U.S., and Mexico.
The analyst remains bullish on Canadian Pacific Kansas City Limited (NYSE:CP), citing its strong and consistent dividend history spanning over 25 years and robust long-term outlook.
Canadian Pacific Kansas City Limited (NYSE:CP) operates a transcontinental freight railway network across Canada, the U.S., and Mexico. Bill Ackman has bought 14.80 million shares of Canadian Pacific Kansas City Limited as of Q1 2025.
6. Chipotle Mexican Grill, Inc. (NYSE:CMG)
Bill Ackman’s Stake: $1,081,582,497
Number of Hedge Fund Holders: 78
With a significant presence in Bill Ackman’s stock portfolio, Chipotle Mexican Grill, Inc. (NYSE:CMG) secures a spot on our list of the Bill Ackman Stock Portfolio: Top 10 Stock Picks.
Chipotle Mexican Grill, Inc. (NYSE:CMG) announced its Q2 results on July 23, 2025. Following the earnings release, Truist Securities reduced its price target on the company from $64 to $60 on July 27, maintaining a ‘Buy’ rating. The analyst attributed the price revision to same-store sales (SSS) miss, a slight dip in earnings per share, and reduced SSS guidance. However, Truist remains optimistic as it expects traffic trends to improve in June and July, coupled with efficient cost management and a strong development pipeline, including 61 new restaurants.
For Q2, Chipotle Mexican Grill, Inc. (NYSE:CMG) reported a 3% YoY increase in its revenue, taking it to $3.1 billion, thanks to new restaurant openings. Meanwhile, comparable restaurant sales fell 4.0% and transactions decreased by 4.9%. However, a modest 0.9% increase in average check size partially offset the sales decline. The company reported $436.1 million in net income, down from $455.7 million in Q2 2024. Rising steak and chicken costs, along with higher labor expenses, affected the company’s margins.
Yet, Chipotle Mexican Grill, Inc. (NYSE:CMG)’s digital sales remained steady at 35.5% of total revenue, while Chipotlane, its mobile order pick-up window concept, continues to enhance accessibility and profitability.
Chipotle Mexican Grill, Inc. (NYSE:CMG) operates fast-casual restaurants across the U.S., Canada, Europe, and the Middle East. Bill Ackman has bought 21.54 million shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) as of Q1 2025.
5. Howard Hughes Holdings Inc. (NYSE:HHH)
Bill Ackman’s Stake: $1,396,560,901
Number of Hedge Fund Holders: 33
With a significant presence in Bill Ackman’s stock portfolio, Howard Hughes Holdings Inc. (NYSE:HHH) secures a spot on our list of the Bill Ackman Stock Portfolio: Top 10 Stock Picks.
JPMorgan downgraded Howard Hughes Holdings Inc. (NYSE:HHH) from ‘Overweight’ to ‘Neutral’ on August 5, 2025, reducing its price target from $82 to $76. This comes despite the company’s strong and stable real estate operations. The analyst attributed the revision to reflect Q1 earnings and the finalized $900 million Pershing Square investment. Accordingly, the analyst reduced 2025 adjusted operating cash flow estimates to $6.18 per share and projected $7.77 for 2026. JPMorgan keeps a cautious stance on Howard Hughes Holdings Inc. (NYSE:HHH) despite its spot and forward net asset value per share at $94.20 and $112.61, respectively, which signal a significant discount. HHH remains attractively priced with a price-to-earnings multiple of 10.64x.
Operating through its Operating Assets, MPC, and Strategic Developments segments, Howard Hughes Holdings Inc. (NYSE:HHH) develops master planned communities (MPCs) in the U.S. Bill Ackman has bought 18.85 million shares of Howard Hughes Holdings Inc. (NYSE:HHH) as of Q1 2025.
4. Restaurant Brands International Inc. (NYSE:QSR)
Bill Ackman’s Stake: $1,532,780,909
Number of Hedge Fund Holders: 32
Restaurant Brands International Inc. (NYSE:QSR) is included in our list of the Bill Ackman Stock Portfolio: Top 10 Stock Picks.
Restaurant Brands International Inc. (NYSE:QSR) is expected to announce its results for the second quarter of 2025 on August 7, 2025. Ahead of the earnings release, BofA decreased its price target on QSR from $62 to $60 on July 18, 2025, maintaining an ‘Underperform’ rating. This is attributed to the investment firm’s updated outlook for the restaurant market.
Meanwhile, previously, on July 14, 2025, Morgan Stanley also reduced its price target on Restaurant Brands International Inc. (NYSE:QSR) from $73 to $72, maintaining an ‘Equal Weight’ rating. The analyst attributed the price target cut to ongoing policy-related risks, even though it expects a stronger Q2 amid improved industry demand. On a positive note, Morgan Stanley highlighted resilient spending from middle- and upper-income consumers and favorable cost trends.
Operating across the U.S., Canada, and international markets, Restaurant Brands International Inc. (NYSE:QSR), a quick-service restaurant company, owns popular brands like Tim Hortons, Burger King, Popeyes Louisiana Kitchen, and Firehouse Subs. Bill Ackman has bought 23 million shares of Restaurant Brands International Inc. (NYSE:QSR) as of Q1 2025.
3. Alphabet Inc. (NASDAQ:GOOGL)
Bill Ackman’s Stake: $1,674,292,590
Number of Hedge Fund Holders: 227
With a significant presence in Bill Ackman’s stock portfolio, Alphabet Inc. (NASDAQ:GOOGL) secures a spot on our list of the Bill Ackman Stock Portfolio: Top 10 Stock Picks.
Raymond James increased its price target on Alphabet Inc. (NASDAQ:GOOGL) from $185 to $210, maintaining an ‘Outperform’ rating. The analyst attributed the price revision to the company’s increasing AI monetization efforts, which are beginning to generate profits. Therefore, despite regulatory concerns, several analysts have revised their earnings estimates upward. Raymond James highlighted the Department of Justice’s ongoing antitrust case as manageable.
Furthermore, the analyst’s revised price target for Alphabet Inc. (NASDAQ:GOOGL) is based on a 17x estimated 2027 earnings multiple, which is below peers like Meta, Amazon, Microsoft, Nvidia, and Apple. Thus, Raymond James believes that GOOGL offers strong upside potential.
Alphabet Inc. (NASDAQ:GOOGL) is a global conglomerate company that owns Google. Bill Ackman has bought 10.76 million shares of Alphabet Inc. (NASDAQ:GOOGL) as of Q1 2025.
2. Brookfield Corporation (NYSE:BN)
Bill Ackman’s Stake: $2,149,054,073
Number of Hedge Fund Holders: 40
Brookfield Corporation (NYSE:BN) is included in our list of the Bill Ackman Stock Portfolio: Top 10 Stock Picks.
On June 18, 2025, RBC Capital maintained an ‘Outperform’ rating on Brookfield Asset Management, a subsidiary of Brookfield Corporation (NYSE:BN). The analyst highlighted the subsidiary’s scale, strong position in alternative asset management, and ability to attract big investors. Furthermore, the analyst expressed optimism due to the expansion of its ancillary products, along with secular tailwinds in the insurance and retail sectors. RBC Capital raised the price target on the subsidiary to $72.
Meanwhile, the Baron Real Estate Fund, in its Q2 2025 letter, highlighted that the company’s share price remains significantly below its $100 target price. Furthermore, the fund believes Brookfield Corporation (NYSE:BN) has $25 additional value to offer from its non-public assets and insurance segment.
With a focus on real estate, renewable power, infrastructure, and venture capital markets, Brookfield Corporation (NYSE:BN) operates as an alternative asset manager and Real Estate Investment Management company. Bill Ackman has bought 41 million shares of Brookfield Corporation (NYSE:BN) as of Q1 2025.
1. Uber Technologies, Inc. (NYSE:UBER)
Bill Ackman’s Stake: $2,207,742,590
Number of Hedge Fund Holders: 145
With a significant presence in Bill Ackman’s stock portfolio, Uber Technologies, Inc. (NYSE:UBER) secures a spot on our list of the Bill Ackman Stock Portfolio: Top 10 Stock Picks.
On August 4, 2025, BofA Securities kept a ‘Buy’ rating on Uber Technologies, Inc. (NYSE:UBER) with a $115 price target. This comes ahead of the company’s Q2 earnings, scheduled for release on August 6. BofA raised its estimates amid strong spending data and improving industry trends. The analyst increased its bookings, revenue, and EBITDA forecasts to $47.10 billion, $12.56 billion, and $2.12 billion, respectively, all above consensus estimates.
This follows strong momentum for Uber Technologies, Inc. (NYSE:UBER), as it has gained 47% YTD. A strong financial performance, along with strategic partnerships with Waymo and Lucid, has remained a key growth driver. Wall Street expects UBER to report earnings of $0.63 per share and a 16.5% revenue jump to $12.5 billion. Uber Technologies, Inc. (NYSE:UBER) boasts a strong historical track record of beating estimates.
Operating across the U.S., Canada, Latin America, Europe, the Middle East, Africa, and the Asia-Pacific, Uber Technologies, Inc. (NYSE:UBER) develops proprietary technology applications within Mobility, Delivery, and Freight segments. Bill Ackman has bought 30.3 million shares of Uber Technologies, Inc. (NYSE:UBER) as of Q1 2025.
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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