Investing.com UK - Financial Markets Worldwide
Get 40% Off
Get 40% Off
☕ Buy the dip? After losing 17%, Starbucks sees an estimated 20% upside. See the top Undervalued stocks!Unlock list

Why Bill Ackman's Pershing Square's Top 4 Holdings Are Consumer Stocks

Published 17/11/2023, 13:27
Why Bill Ackman's Pershing Square's Top 4 Holdings Are Consumer Stocks

Benzinga - by Surbhi Jain, .

Bill Ackman’s Pershing Square Capital portfolio is heavy on consumer discretionary stocks, with over 60% allocated to the sector.

The billionaire hedge fund manager is the founder and CEO of Pershing Square Capital, which has close to $10.5 billion in assets under management. In October, at the CNBC Delivering Alpha conference, Ackman was asked what stocks he thought would perform well under current market conditions (high inflation and interest rates). His answer was simple – “businesses that have pricing power.”

Read about another billionaire leaning towards consumer stocks: Ray Dalio’s Bridgewater Bets Big On Retail With Stakes In Coca-Cola, Costco, And Walmart Among Top Holdings

Pershing Square’s top 4 holdings are all consumer discretionary stocks, aggregating to a 60.13% allocation in the fund’s AUM. Per their third-quarter 13F filing, Ackman added more of Hilton Worldwide Holdings (NYSE:HLT) stock this quarter. Let’s examine if these four stocks have pricing power.

StockCompany Name% of Portfolio (Q3 2023)
CMGChipotle Mexican Grill Inc16.62%
QSRRestaurant Brands International Inc14.80%
HLTHilton Worldwide Holdings Inc14.73%
LOWLowe’s Cos Inc13.98%

  • Chipotle Mexican Grill (NYSE:CMG)
Brian Niccol

  • Restaurant Brands International Inc (NYSE:QSR)

  • Hilton Worldwide Holdings

  • Lowe’s Cos Inc (NYSE:LOW)

Read Next: Buffett, Dalio, Einhorn, Ackman: The Masters Of Wall Street Shuffle Their Stock Decks In Q3

Image created using artificial intelligence with MidJourney.

© 2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

Read the original article on Benzinga

Latest comments

Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.