Billionaire Bill Ackman Just Sold These 2 Stocks After They Disappointed in 2025. Here's Where He's Invested for 2026.
2025-12-22 13:25:00 ET
Bill Ackman is one of the most widely followed billionaire hedge fund managers in the world. Not only does his fund, Pershing Square Capital Management, perform well relative to its benchmarks, he's also very outspoken and shares his reasoning behind his fund's investments. The fund typically holds just a dozen or so high conviction investments, and Ackman and his team like to take long-term views on the stocks they buy.
But sometimes it makes sense to sell an investment . If an investment thesis fails to play out or no longer rings true, it can be better to ditch the stock and redeploy the capital in other companies. Such was the case recently when Pershing Square exited its positions in two stocks. Heading into 2026, the team can focus on a few big investments driving returns for its shareholders.
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