Billionaire Bill Ackman Has 60 Of His Hedge Funds 10 Billion Portfolio In Just 3 Stocks

Bill Ackman: Still Following Trades

Pershing Square Capital Management Continues Strong Hold

Billionaire hedge fund manager Bill Ackman, who oversees Pershing Square Capital Management, still holds a significant stake in Netflix. As of June 30, 2023, his Pershing Square hedge fund owned nearly 44 million Class A shares and almost 94 million Class B shares of the streaming giant.

Ackman's bet on Netflix began nearly 15 years ago. In 2008, he invested $1 billion in the company at a share price of $7.95. The stock has since soared to over $250 per share, making Ackman's investment one of the most successful in his career.

Worthwhile Investment Opportunity

Despite the recent downturn in the market, Ackman remains bullish on Netflix. He believes that the company is well-positioned to benefit from the long-term growth of the streaming industry. In a recent interview, he said, "Netflix is a great company with a great management team. I'm very confident in their ability to execute their plan and continue to grow their business."

Analysts agree with Ackman's assessment of Netflix. The company is expected to continue to grow its revenue and earnings in the coming years. As a result, Netflix is considered a good addition to any portfolio.