Bill Ackman: These Top 7 Positions Make Up 83.36% Of His Portfolio (Analysis)

Bill Ackman’s top 7 positions make up 83.36% of his current portfolio, with a strong concentration in Brookfield Corp (BN), which alone accounts for 15.89%. Below is an in-depth look at each holding, analyzing position size, value, percentage of portfolio, and recent changes.

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1. Brookfield Corp (BN)
Shares: 34,893,064
Value: $2.00B
Portfolio %: 15.89%
Change in Shares: +2,157,181
% Change in Shares: +6.59%
Analysis: Brookfield Corp is Ackman’s largest holding, reflecting confidence in this global asset management and real estate player. The increase in shares signals a bullish stance on the company’s long-term growth potential.

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2. Restaurant Brands International Inc (QSR)
Shares: 23,000,914
Value: $1.50B
Portfolio %: 11.88%
Change in Shares: 0
% Change in Shares: 0.00%
Analysis: A stable long-term holding, QSR owns popular brands like Burger King and Tim Hortons. The lack of share movement suggests a consistent outlook and confidence in its cash flow and global reach.

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3. Chipotle Mexican Grill Inc (CMG)
Shares: 24,653,533
Value: $1.49B
Portfolio %: 11.78%
Change in Shares: -4,161,632
% Change in Shares: -14.44%
Analysis: Despite a sizable reduction in shares, CMG remains a top holding. The cut might reflect profit-taking after a strong performance or a rebalancing move, though Ackman still sees long-term value in the brand’s growth trajectory.

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4. Howard Hughes Holdings Inc (HHH)
Shares: 18,852,064
Value: $1.45B
Portfolio %: 11.50%
Change in Shares: 0
% Change in Shares: 0.00%
Analysis: A core holding with no recent changes, HHH is a real estate and master-planned community developer. Its inclusion matches Ackman’s value-oriented real estate themes.

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5. Alphabet Inc – Class C (GOOG)
Shares: 7,547,582
Value: $1.44B
Portfolio %: 11.39%
Change in Shares: 0
% Change in Shares: 0.00%
Analysis: Google parent Alphabet is a tech bet with wide moats and recurring revenue. While it may seem out of character for a value investor, Ackman likely sees strong fundamentals and long-term upside.

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6. Nike Inc (NKE)
Shares: 18,768,946
Value: $1.42B
Portfolio %: 11.26%
Change in Shares: +2,488,608
% Change in Shares: +15.29%
Analysis: A significant increase in Nike signals renewed optimism. Ackman may view current valuations as attractive amid short-term headwinds in retail and China, betting on brand strength.

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7. Hilton Worldwide Holdings Inc (HLT)
Shares: 5,440,546
Value: $1.34B
Portfolio %: 10.66%
Change in Shares: -1,929,622
% Change in Shares: -26.18%
Analysis: Despite a sharp cut in shares, Hilton remains a top holding. The trim could reflect portfolio balancing rather than a negative view, especially as travel and hospitality continue to recover.