Ackman's Royalty Bets on Music and Ads Fuel Hedge Fund's Stellar Returns

Bill Ackman has beaten 99% of similar hedge funds over the past 5 years with his long-term, buy-and-hold approach.
Ackman is betting big on two stocks right now - Universal Music and Alphabet - which make up 38-42% of his $16.9 billion portfolio.
Ackman likes these companies because their business models are based on royalties - streaming for Universal, digital ads for Alphabet.
Ackman bought more Alphabet stock around $120, betting its AI efforts with Bard can catch up to ChatGPT.
Ackman thinks Alphabet's access to data and cloud infrastructure gives it an advantage in AI over the long-term.

businessinsider.com

Relevant topic timeline:

9/22/2023

Ackman Sees Higher Rates Ahead Due to Persistent Inflation Pressures

Bill Ackman, CEO of Pershing Square Capital, believes that the Federal Reserve's goal of 2% inflation is unlikely to be achieved in the near future due to factors such as ongoing worker's strikes and the rising national debt, and he predicts long-term rates will rise further as a result.

10/2/2023

Ackman: Economy Slowing Due to Fed Rate Hikes, Sees More Trouble Ahead for Mortgages and Credit Card Debt

Bill Ackman, CEO of Pershing Square Capital Management, warns that the economy is starting to slow due to aggressive rate hikes, high mortgage rates, and high credit card rates, leading to concerns about a potential recession and impacting investors in the commercial real estate market.

10/2/2023

Ackman Explores Taking Part of Musk's Twitter Public Via SPAC Deal

Bill Ackman, CEO of Pershing Square Capital Management, has expressed interest in taking part of X (formerly known as Twitter) public through a deal with Elon Musk.

10/4/2023

Ackman: Companies With Pricing Power Can Thrive Despite Higher Inflation

Bill Ackman, the billionaire investor, believes that businesses with pricing power will perform well in today's market, even with higher inflation, and highlights Google, Universal Music Group, Restaurant Brands, and Hilton as examples of stocks that fit this criterion.

10/10/2023

Harvard Alumni Demand School Release Names of Pro-Hamas Students

Bill Ackman, billionaire founder of hedge fund Pershing Square Capital Management, is urging Harvard University to publicly release the names of student group members who signed a letter blaming Israel for the recent Hamas assault, potentially impacting their future job prospects on Wall Street.

10/23/2023

Stocks Mixed as Investors Eye Earnings Amid Economic Concerns

Famed investor Bill Ackman covers his bearish bet as Treasury yields ease, while stocks like Tesla and Okta face challenges and a trio of stocks move higher.

10/24/2023

Prominent hedge fund manager Bill Ackman covers bond shorts

Bill Ackman, the billionaire head of Pershing Square Capital Management, has announced that he is closing his short bets on government bonds, attracting attention due to his successful investing history.

Topics

Posted 10/3/2023, 8:00:00 AM

Ackman's Royalty Bets on Music and Ads Fuel Hedge Fund's Stellar Returns

Bill Ackman has beaten 99% of similar hedge funds over the past 5 years with his long-term, buy-and-hold approach.
Ackman is betting big on two stocks right now - Universal Music and Alphabet - which make up 38-42% of his $16.9 billion portfolio.
Ackman likes these companies because their business models are based on royalties - streaming for Universal, digital ads for Alphabet.
Ackman bought more Alphabet stock around $120, betting its AI efforts with Bard can catch up to ChatGPT.
Ackman thinks Alphabet's access to data and cloud infrastructure gives it an advantage in AI over the long-term.

businessinsider.com

Relevant topic timeline:

9/22/2023

Ackman Sees Higher Rates Ahead Due to Persistent Inflation Pressures

10/2/2023

Ackman: Economy Slowing Due to Fed Rate Hikes, Sees More Trouble Ahead for Mortgages and Credit Card Debt

10/2/2023

Ackman Explores Taking Part of Musk's Twitter Public Via SPAC Deal

Bill Ackman, CEO of Pershing Square Capital Management, has expressed interest in taking part of X (formerly known as Twitter) public through a deal with Elon Musk.

10/4/2023

Ackman: Companies With Pricing Power Can Thrive Despite Higher Inflation

10/10/2023

Harvard Alumni Demand School Release Names of Pro-Hamas Students

10/23/2023

Stocks Mixed as Investors Eye Earnings Amid Economic Concerns

Famed investor Bill Ackman covers his bearish bet as Treasury yields ease, while stocks like Tesla and Okta face challenges and a trio of stocks move higher.

10/24/2023

Prominent hedge fund manager Bill Ackman covers bond shorts