Billionaire Bill Ackman Has 14% of His $12 Billion Hedge Fund in 1 Top AI Stock
The everyday investor can find solid ideas by following the experts closely. Bill Ackman, the billionaire founder of the hedge fund Pershing Square Capital Management, is one such professional. He has a strategy similar to Warren Buffett's: identify high-quality businesses and make concentrated bets on them.As of March 31, Pershing Square had 14% of its $12 billion portfolio in this top artificial intelligence (AI) stock, making it the third largest holding. Shares have soared 143% in the past five years. Continue reading to learn about this dominant business.Image source: Getty Images.Continue reading
The everyday investor can find solid ideas by following the experts closely. Bill Ackman, the billionaire founder of the hedge fund Pershing Square Capital Management, is one such professional. He has a strategy similar to Warren Buffett's: identify high-quality businesses and make concentrated bets on them.
As of March 31, Pershing Square had 14% of its $12 billion portfolio in this top artificial intelligence (AI) stock, making it the third largest holding. Shares have soared 143% in the past five years. Continue reading to learn about this dominant business.
Image source: Getty Images.
