Unafraid of concentration risk, Ackman channels billions into select names he believes are undervalued giants, as evidenced by past winners like Chipotle Mexican Grill ( ) and Hilton Worldwide Holdings ( ). His strategy prioritizes quality management and long-term moats over diversification. In the first quarter, he launched a blockbuster stake in Uber Technologies ( ), acquiring 30.3 million shares worth $2.21 billion at the time - now valued at $2.8 billion and comprising 21% of his $13.7 billion portfolio. Yet, he hasn't added since, content with the position amid Uber's rally.
Bill Ackman aims to fund a centrist campaign targeting the left in New York City, following the Democratic primary victory of Socialist Zohran Mamdani.
Ackman expressed that while he respects Andrew Cuomo for his contributions to New York State, he perceives a lack of enthusiasm in Cuomo's approach to the campaign, highlighting his subdued energy and proposals. He believes Cuomo is not adequately prepared to contest a high-stakes election against Mamdani.
Bill Ackman is supporting Mayor Eric Adams' independent reelection campaign, urging Andrew Cuomo to step aside in order to improve Adams' chances against Democratic nominee Zohran Mamdani.
"New York City under Mamdani is about to become much more dangerous and economically unviable. Unlike our Federal government, NYC cannot print money, and this Federal Government won't bail NYC out if things go bad."
