Billionaire Bill Ackman Just Bought 30.3 Million Shares of This Soaring Growth Stock
Because of his long-term track record, retail investors closely follow the moves of Bill Ackman. The billionaire hedge fund manager runs Pershing Square Capital Management, which managed $12.6 billion in assets as of Dec. 31, 2024.Ackman is known for running a concentrated portfolio full of what he believes are high-quality businesses. This is why it's worth pointing out that so far this year, the investment firm has purchased more than 30 million shares of one growth stock, which is a new position for the hedge fund.Let's look at this compelling company and whether or not it makes sense for your individual portfolio.Continue reading
Because of his long-term track record, retail investors closely follow the moves of Bill Ackman. The billionaire hedge fund manager runs Pershing Square Capital Management, which managed $12.6 billion in assets as of Dec. 31, 2024.
Ackman is known for running a concentrated portfolio full of what he believes are high-quality businesses. This is why it's worth pointing out that so far this year, the investment firm has purchased more than 30 million shares of one growth stock, which is a new position for the hedge fund.
Let's look at this compelling company and whether or not it makes sense for your individual portfolio.
