Billionaire Investor Bill Ackman Just Sold Alphabet and Piled Into Another Tech Stock That's Up 65,100% Since Its IPO
Ackman put new capital to work in the second quarter of the year.
Overview
Billionaire investor Bill Ackman has made quite a name for himself in the investing world.
Since its inception in 2004, his company, Pershing Square Holdings, has generated a cumulative return of 2,530%, or a compound annual return of 15.6%. The broader benchmark S&P 500 has generated a cumulative return of roughly 964% and a compound annual return of 11%.
Details
Ackman and his team typically run a concentrated portfolio of 10 to 12 stocks through Pershing Square Capital Management (PSCM), the investment manager of Pershing Square Holdings.
Source
Originally published at www.fool.com.
Related Articles
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.