Billionaire investor Bill Ackman has been busy putting billions of dollars to work after completing one of the biggest milestones in the history of Pershing Square.
In its second-quarter update, Pershing Square highlighted the $5 billion initial public offering of PSUS, the New York Stock Exchange listing of Pershing Square USA, Ltd. (PSUS), and the deployment of the new fund's capital.
"In summary, it was a highly productive few months since our IPO," Ackman said in a shareholder letter.
Pershing Square has deployed more than 95% of PSUS's capital across 14 investments. That includes six new positions: Visa (V), Mastercard (MA), Intercontinental Exchange (ICE), Netflix (NFLX), Alcon (ALC), and S&P Global (SPGI).
"They are simple, predictable, and free cash flow-generative, with strong competitive positions, minimal financial leverage and capital markets dependency, and are run by excellent management teams," Ackman said about the companies he invested in.
Uber Technologies (UBER) | 12.72% | $2,476.98 million
Brookfield Corporation (BN) | 12.58% | $2,448.12 million
Microsoft (MSFT) | 11.89% | $2,315.23 million
Amazon (AMZN) | 10.49% | $2,041.11 million
Howard Hughes Holdings (HHH) | 10.23% | $1,991.14 million
Restaurant Brands International (QSR) | 9.62% | $1,872.30 million
Meta Platforms (META) | 9.25% | $1,800.31 million
Mastercard (MA) | 5.61% | $1,091.22 million
S&P Global (SPGI) | 5.43% | $1,056.09 million
Pershing Square USA (PSUS) | 0.77% | $149.52 million