Ackman Overhauls Portfolio with Big-Bet Additions

Billionaire investor Bill Ackman has made significant changes to his portfolio, adding six new holdings including Netflix, Visa, and Mastercard. The moves mark the biggest overhaul in years for Ackman's investment funds.

Ackman acquired shares of these companies starting in the second quarter, which will be held in his investment funds, including Pershing Square USA, listed on the New York Stock Exchange in April. He believes the firms' earnings are poised for strong growth, making them attractive investments.

The new additions include Netflix, which Ackman briefly held in 2022 before selling at a loss. Other companies added to his portfolio are Alcon, Intercontinental Exchange, S&P Global, and Microsoft, which he acquired earlier this year after its stock price dropped following an earnings report.