We recently published a list of Billionaire Bill Ackman’s 7 Stock Picks with Huge Upside Potential. In this article, we are going to take a look at where Brookfield Corporation (NYSE:BN) stands against other billionaire Bill Ackman’s stock picks with huge upside potential.
Known commonly as Bill Ackman, William Albert Ackman is the founder and Chief Executive Officer of Pershing Square, a hedge fund renowned for its focused investment strategy and high-conviction portfolio. Ackman is known for maintaining a highly concentrated investment approach, often holding stakes in only 8 to 12 companies at any given time. By the end of the fourth quarter of 2024, Pershing Square’s portfolio was valued at $12.66 billion and included ten stocks, with over 50% of the fund’s capital concentrated in just the top four investments. This exemplifies Ackman’s commitment to identifying and capitalizing on undervalued opportunities, favoring companies that he believes are mispriced in relation to their intrinsic, long-term value.
Ackman’s investment philosophy has largely centered on value-based principles and activist strategies. His ability to identify market inefficiencies and apply pressure for change has yielded significant returns in the past. Pershing Square’s portfolio selections typically reflect this strategy, with a strong emphasis on companies with solid fundamentals and potential for operational or financial turnaround.
In early 2024, Ackman took a notable step by launching a U.S. closed-end fund named Pershing Square USA, Ltd. However, the initial public offering (IPO) of the fund was abruptly canceled just one day after filing with the Securities and Exchange Commission (SEC). The cancellation followed an unexpected drop in valuation from an intended $25 billion to just $2 billion. Following the cancellation, Ackman posted on the social media platform X that the firm would “report back once we are ready to launch a revised transaction,” suggesting that Pershing Square USA may still proceed in the future without a traditional stock exchange listing.
Ackman’s active engagement with both market trends and political developments illustrates his multifaceted approach to investing. As Pershing Square continues to evolve, close attention is being paid to the stocks within its concentrated portfolio, particularly those with the highest upside potential in light of current economic and political tailwinds.
Our Methodology
For this list, we searched through Pershing Square’s Q4 2024 13F filings to identify billionaire Bill Ackman’s stock picks with the highest upside potential. We compiled the equities with upside potential higher than 12% at the time of writing this article and analyzed why they stood out as sound potential investments. Finally, we ranked the stocks based on the ascending order of their upside potential. To assist readers with more context, we mentioned the hedge fund sentiment around each stock using data from 1,009 hedge funds tracked by Insider Monkey in the fourth quarter of 2024.
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 363.5% since May 2014, beating its benchmark by 208 percentage points (see more details here).
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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 alte
rnative 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.
Overall, BN ranks 5th on our list of billionaire Bill Ackman’s stock picks with huge upside potential. While we acknowledge the potential of BN as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter timeframe. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than BN but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock.
READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.
Disclosure: None. This article is originally published at Insider Monkey.
