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Bill Ackman disclosed six new holdings, including Netflix, Visa and Mastercard, in a portfolio overhaul.
Transcript
00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Billionaire Bill Ackman unveiled six new holdings, including Netflix,
00:07Visa, MasterCard, Alcon, Intercontinental Exchange, and S&P Global, according to Reuters.
00:13Ackman said the investments began in the second quarter and will be held across his funds,
00:18including Pershing Square USA. He said the company's earnings are positioned for strong
00:23growth, which he views as the biggest driver of investment value over time.
00:27Netflix shares rose 3.3% Thursday, while S&P Global gained 1.1%.
00:35Pershing Square USA shares rose 1.7% following the disclosures in second quarter earnings.
00:41Ackman's portfolio also includes Microsoft, Uber Technologies, Meta Platforms, Amazon,
00:47Fannie Mae, and Freddie Mac.
00:48For all things money, visit Benzinga.com.
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