Howard Hughes Holdings is viewed as a modern-day Berkshire Hathaway, with significant real estate cash flow being redeployed into its insurance business (Vantage), which is undervalued at 1.4x book value.
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Bill Ackman Just Bought 6 New Stocks
Aug 13, 2026
The creator discusses Bill Ackman's Pershing Square portfolio, highlighting six new stock additions: Visa, Mastercard, Netflix, S&P Global, Intercontinental Exchange, and Alcon. The thesis emphasizes buying undervalued, solid compounders with strong free cash flow, competitive moats, and minimal leverage, targeting companies with 15-20%+ EPS growth purchased below intrinsic value.
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Tickers discussed in this post
Amazon's AWS revenue growth accelerated significantly due to AI demand, and retail volumes are growing fastest since 2021, with long-term earnings growth expected over 20%.
Microsoft is trading near its lowest multiple in a decade due to AI disruption worries, but co-pilot adoption and Azure supply constraints are expected to sustain high earnings growth.
Alcon is a new addition to Pershing Square's portfolio, with the firm seeing value and targeting strong EPS growth.
Intercontinental Exchange is a new addition to Pershing Square's portfolio, with the firm seeing value and targeting strong EPS growth.
S&P Global is a new addition to Pershing Square's portfolio, with the firm seeing value and targeting strong EPS growth.
Mastercard is a new addition to Pershing Square's portfolio, with the firm seeing value and targeting strong EPS growth.
Visa is a new addition to Pershing Square's portfolio, with the firm seeing value and targeting strong EPS growth.
Pershing Square has added Netflix back to its portfolio, seeing significant value and buying at current prices.