#bill-ackman

#bill-ackman

It might not take all too long before public market investors can finally punch a ticket to Bill Ackman's Pershing Square Holdings, as it looks to IPO potentially in the early quarters (perhaps as soon as Q1) of next year, at least according to FT. Undoubtedly, Pershing Square is far more than just a hedge fund run by one of Wall Street's greats.

I would ask: May I meet you?' before engaging further in a conversation, Ackman wrote, adding that he almost never got a No and credited proper grammar and politeness for its success. I hear from many young men that they find it difficult to meet young women in a public setting. In other words, the online culture has destroyed the ability to spontaneously meet strangers.

Sitting on an investment panel in Saudi Arabia last week flanked by fellow billionaires, Bill Ackman's mind was more than 6,500 miles away. Leaning forward in his black leather chair, the outspoken hedge fund manager prodded his finger towards the other business leaders, including JP Morgan boss Jamie Dimon and Blackrock's Laurence Fink, who were all seated around the table in the vast Riyadh conference room.

"It was not Zohran Mamdani's debate performance. It was Curtis Sliwa's statement after the debate that he is not leaving that has tipped the odds to 90% for Mamdani," Ackman wrote on X.

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."