Bill Ackman Adds Netflix, Visa, and Mastercard to Pershing Square Portfolio
TLDR
- Bill Ackman’s Pershing Square now holds 14 stocks, adding Netflix, Visa, and Mastercard in its latest 13-F filing
- Netflix shares are down 32% over the past year, trading at a P/E of 26, below its five-year average of 36
- Ackman’s fund has averaged 16% annual gains since 2004, beating the market’s 11% average
- Visa and Mastercard both trade at P/E ratios around 33, near or below their five-year averages
- Crypto is flagged as a potential threat to Visa and Mastercard’s dominance
Bill Ackman, founder and CEO of Pershing Square Capital Management, has made one of his biggest portfolio changes in years. His latest 13-F filing shows he added Netflix, Visa, and Mastercard to a concentrated portfolio of just 14 stocks.
Pershing Square has delivered cumulative net gains of 2,644% since launching in January 2004. That works out to an average annual return of around 16%, compared to the stock market’s 11% average over the same period.
The fund’s largest positions include Uber at $2.5 billion, Microsoft at $2.3 billion, and Amazon at $2.0 billion. Netflix comes in with a market value of $934 million, while Visa and Mastercard each sit at around $1.1 billion.
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