Billionaire Bill Ackman’s 7 Stock Picks with Huge Upside Potential

5. Brookfield Corporation (NYSE:BN)

Number of Hedge Fund Holders as of Q4: 37

Pershing Square’s Equity Stake: $2 Billion

Upside Potential as of May 5: 15.95%

Brookfield Corporation (NYSE:BN) is a Canadian multinational and one of the world’s largest alternative investment management firms. Headquartered in Toronto, the company oversees direct control investments across a range of asset classes, including real estate, renewable energy, infrastructure, credit, and private equity. Known for its global reach and diversified investment portfolio, Brookfield continues to be a dominant force in alternative asset management. With an estimated upside potential of 15.95%, it ranks fifth among Bill Ackman’s top stock picks with massive growth potential.

Brookfield Corporation (NYSE:BN) is one of the newer additions to Ackman’s portfolio. The hedge fund initiated a position in Brookfield during the second quarter of 2024 and has since been increasing its stake. During the fourth quarter of 2024, Ackman raised his holdings by 7%, bringing the total to approximately 34.89 million shares. This investment now accounts for 15.83% of Pershing Square’s total portfolio, underscoring Ackman’s confidence in the company’s long-term performance.

Brookfield Corporation (NYSE:BN) reported record financial results for 2024, reflecting strong contributions from all divisions of its business. Nick Goodman, President of Brookfield Corporation, highlighted key achievements, noting that the asset management arm attracted over $135 billion in inflows, the wealth solutions unit had solidified its role as a top-tier annuity provider in the U.S., and the operating businesses continued to generate high-quality, stable cash flows. For the fourth quarter of 2024, Brookfield posted consolidated net income of $101 million, contributing to a full-year total of $1.9 billion.

In line with its strong financial performance, Brookfield Corporation (NYSE:BN)’s Board of Directors announced a 13% increase in its quarterly dividend, raising the payout to $0.09 per share or $0.36 annually. This dividend is payable on March 31, 2025, to shareholders of record as of March 14, 2025.