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Bill Ackman Adds S&P Global to Pershing Square Portfolio in Biggest Holdings Revamp in Years
S&P Global Inc. $SPGI
$422.56+3.03%as of publication
- 5D Change
- +4.23%
- Market Cap
- $120.48B
Bill Ackman's Pershing Square disclosed six new stock positions on August 13, with S&P Global among the additions alongside Netflix, Visa, Mastercard, Alcon, and Intercontinental Exchange. Ackman cited expectations of strong earnings growth as the rationale for the new holdings, which he described as targeting the market's cheaper winners. S&P Global shares jumped 1.7% on the news.
The disclosure comes as Pershing Square's new U.S. fund lagged significantly behind the broader market, falling 3.5% through July against a 13% gain for the S&P 500 index over the same period.
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- RigzoneGlobal Refining System Has Little Spare Room Left
- DeItaoneACKMAN MAKES HIS BIGGEST PORTFOLIO REVAMP IN YEARS Bill Ackman added six new holdings: Netflix ($NFLX), Visa ($V), Mastercard ($MA), Alcon ($ALC), Intercontinental Exchange ($ICE) and S&P Global ($SPGI). Ackman expects strong earnings growth to drive long-term value. His
- NaeemAslam23ACKMAN MAKES HIS BIGGEST PORTFOLIO SHAKE-UP IN YEARS AS SIX NEW STOCKS TARGET THE MARKET’S CHEAPER WINNERS Pershing Square added Netflix, Visa, Mastercard, Alcon, ICE and S&P Global, while its new U.S. fund was down 3.5% through July versus a 13% S&P 500 gain. The key
- Unusual_WhalesBill Ackman has disclosed six new holdings: - Netflix, $NFLX - Visa, $V - Mastercard, $MA - Alcon, $ALC - Intercontinental Exchange, $ICE - S&P Global, $SPGI