Bill Ackman’s Stock Portfolio: Top 9 Stocks to Buy

1. Brookfield Corporation (NYSE:BN)

Number of Hedge Fund Holders as of Q3: 37

Pershing Square’s Equity Stake: $1.74 Billion

Brookfield Corporation (NYSE:BN) is a Canadian multinational company that is one of the world’s largest alternative investment management companies and the biggest holding in Bill Ackman’s stock portfolio. Headquartered in Toronto, Canada, the company manages direct control investments in real estate, renewable power, infrastructure, credit, and private equity.

Brookfield is among Pershing Square’s newer investments. The hedge fund purchased over 6.85 million shares in the company in Q2 and increased its stake by a whopping 378%. Ackman held roughly 32.74 million shares of Brookfield Corporation (NYSE:BN) as of Q3 2024, which represented 13.47% of his portfolio. As opposed to 34 hedge funds that had stakes in Brookfield Asset Management at the end of the previous quarter, 37 held its shares by Q3 2024.

In January 2025, Brookfield Corporation (NYSE:BN) raised its bets in Japan, Asia’s second-largest economy, by acquiring a stake in a Tokyo commercial complex and a Nagoya logistics project for a total of $1.6 billion. Ankur Gupta, the head of Asia Pacific and Middle East real estate at Brookfield, stated that these transactions reflect the opportunities they plan to pursue in Japan in 2025, focusing on deploying significant real estate capital, especially in logistics and high-quality office spaces.

For the quarter ended September 2024, Brookfield Corporation (NYSE:BN) posted revenues of $1.12 billion which is 25.4% up from the revenues of $893 million in the previous year. Brookfield Asset Management reported quarterly earnings of $0.31 per share in Q3, the same as the quarter a year ago. In November 2024, the company published its earnings call transcript wherein it announced that its Board of Directors had declared a quarterly dividend of $0.08 per share, payable on December 31st to shareholders of record at the close of business on December 16th, 2024.

Overall Brookfield Corporation (NYSE:BN) ranks first on our list of Bill Ackman’s top 9 stocks to buy. While we acknowledge the potential for BN as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than BN but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

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