Howard Hughes Holdings Inc. (HHH): Bill Ackman Continues to Hold Sizeable Position

We just covered the 10 Best Long-Term Stocks to Buy According to Bill Ackman and Howard Hughes Holdings Inc. (NYSE:HHH) ranks 7th on this list.

Howard Hughes Holdings Inc. (NYSE:HHH) first appeared in the 13F portfolio of Pershing Square in the third quarter of 2023. Back then, this position comprised 17.6 million shares. In the fourth quarter of 2023, the hedge fund added more than 12% to this holding, growing it to over 19.7 million shares. A 4% reduction in this stake was made in the third quarter of 2024. In the five quarters since then, no buying or selling activity has been registered against this holding by the hedge fund. The company develops master planned communities in the United States. It acquires or develops retail, office, and multifamily properties.

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Howard Hughes Holdings Inc. (NYSE:HHH) is no longer just a real estate developer. It is using its massive cash flow from land sales to acquire controlling interests in high-quality, durable growth businesses, mirroring the strategy of Warren Buffett’s Berkshire Hathaway. The company owns a unique portfolio of trophy MPCs, including Summerlin in Las Vegas and The Woodlands in Houston. These assets have seen their Gross Asset Value (GAV) rise to $4.8 billion, even as the firm sold off thousands of acres. Elite investors view the remaining land as a finite resource that increases in value as supply in these high-growth regions tightens.

While we acknowledge the risk and potential of HHH as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than HHH and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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