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☆ Legendary hedge-fund manager Bill Ackman has beaten 99% of his peers over the last 5 years. Here are 2 stocks he says he's massively betting on with 40% of his $16.9 billion portfolio.
▼ + stars: | 2023-10-03 | by ( William Edwards | ) www.businessinsider.com time to read: +3 min

Bill Ackman says he doesn't short stocks anymore. The hedge fund manager famously feuded with investing legend Carl Icahn over Ackman's short position on Herbalife over a decade ago. At the conference, Ackman talked about two companies he's placing massive bets on right now: Universal Music (UNGVY) and Alphabet (GOOG). Ackman said his portfolio has a 22-25% weight on Universal Music, and a 16-17% weight on Alphabet, meaning he's betting 38-42% of his fund on the two firms. For Universal Music it's streaming.

Persons: Bill Ackman, Carl Icahn, Ackman, we'd, I'm, CNBC's Scott Wapner, Warren Buffett, chatbot, OpenAI's ChatGPT, They've Organizations: Pershing Square Holdings, Delivering Alpha, Pershing, Morningstar, Universal, Euronext, Universal Music, Capitol Records, Jam, Google, YouTube Locations: New York, Euronext Amsterdam

☆ Explainer: How Bill Ackman's SPARC differs from a SPAC
▼ + stars: | 2023-10-02 | by ( Svea Herbst-Bayliss | ) www.reuters.com time to read: +3 min

Here's how a SPARC differs from a SPAC:DEAL VISIBILITYOne of the biggest differences is a SPARC doesn't require up-front money from investors like a SPAC does. SPAC investors are then given the option to vote down an acquisition or redeem their shares once a deal has been announced. SPARC will only ask for money from investors once it has clinched and disclosed a deal to buy a company. CAPITAL FLEXIBILITYUnlike a SPAC, the amount of money SPARC seeks from investors will vary based on the size of the deal it pursues. This means that SPARC investors will not be diluted by such warrants and will get to keep more of the company.

Persons: Bill Ackman, Richard Brian, Bill Ackman's, Ackman, Tontine, Svea Herbst, Bayliss, Lisa Shumaker Organizations: Pershing Square Capital Management, REUTERS, Pershing Square SPARC Holdings, SPARC, U.S . Securities, Exchange Commission, SEC, Pershing, Tontine Holdings, Universal Music Group, SPACs, Svea, Thomson Locations: Las Vegas , Nevada, U.S, New York, Rhode Island

☆ Bill Ackman says he hasn't talked to Elon Musk about X investment for Pershing 'SPARC'
▼ + stars: | 2023-10-02 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +2 min

Activist investor Bill Ackman on Monday told CNBC he had not spoken with Elon Musk about a deal involving X, formerly known as Twitter, but that he likes the business and Musk and suggested a deal with X would be welcome if Musk wanted it. The billionaire CEO of Pershing Square Holdings was discussing his new carve-out vehicle, which he called a SPARC, or special purpose acquisition rights company. The product is similar to a SPAC, but Ackman said that Pershing's structure would only invest in companies it views as long-term investments. Ackman made waves in a Sunday interview with the Wall Street Journal, where he said he would "absolutely" invest in X through his new SPARC structure. If part of X were to debut on the market, it would likely be at a valuation far below the $44 billion that Musk paid for it.

Persons: Bill Ackman, Elon Musk, Musk, he's, Ackman, CNBC's Andrew Ross Sorkin, SPACs, Linda Yaccarino's, maven Organizations: Monday, CNBC, Elon, Pershing Square Holdings, SPARC, Financial Times, Wall Street, Meta Locations: —

☆ Bill Ackman: Seeing lots of evidence of weakening in the economy
▼ + stars: | 2023-10-02 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBill Ackman: Seeing lots of evidence of weakening in the economyBill Ackman, Pershing Square Capital Management founder and CEO, joins 'Squawk Box' to discuss the regulatory approval of a unique SPAC structure called SPARC — a special purpose acquisition rights company — in which Ackman will inform investors of a potential acquisition before they pledge funds, potential interest in Elon Musk's X, the state of the U.S. economy, the Fed's inflation fight, and more.

Persons: Bill Ackman, Elon Musk's Organizations: Pershing, Capital Management, Elon Locations: U.S

☆ Bill Ackman on new 'SPARC' structure, potential deal with Elon Musk's X
▼ + stars: | 2023-10-02 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBill Ackman on new 'SPARC' structure, potential deal with Elon Musk's XBill Ackman, Pershing Square Capital Management founder and CEO, joins 'Squawk Box' to discuss the regulatory approval of a unique SPAC structure called SPARC — a special purpose acquisition rights company — in which Ackman will inform investors of a potential acquisition before they pledge funds, potential interest in Elon Musk's X, the state of the U.S. economy, the Fed's inflation fight, and more.

Persons: Bill Ackman, Elon Musk's Organizations: SPARC, Elon, Pershing, Capital Management Locations: U.S

☆ Bill Ackman says the economy is starting to slow and the Fed is likely done hiking
▼ + stars: | 2023-10-02 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

Pershing Square's Bill Ackman on Monday sounded alarms on the economy, which he believes has begun to decelerate on the back of aggressive rate hikes. I think the economy is starting to slow," Ackman said on CNBC's "Squawk Box." "I think the level of real interest rates is high enough to slow things down." "High mortgage rates ... high credit card rates, they're starting to really have an impact on the economy," Ackman said. "The 30 year Treasury is likely to go higher," Ackman said.

Persons: Pershing, Bill Ackman, Ackman Organizations: Federal Reserve, Treasury, Securities, Exchange Commission

☆ Billionaire investor Bill Ackman says he would be 'absolutely' interested in a deal with Elon Musk's X
▼ + stars: | 2023-10-02 | by ( Huileng Tan | ) www.businessinsider.com time to read: +3 min

Billionaire investor Bill Ackman told the WSJ he would be interested in a deal with Elon Musk's X. However, he caveated that by saying he doesn't know if X is interested, or if the deal is doable. AdvertisementAdvertisementBillionaire investor Bill Ackman said he would be interested in a deal with Elon Musk's X Corp, the Wall Street Journal reported Sunday. While Ackman said he would "absolutely" be interested in a deal with X — the platform previously known as Twitter — he doesn't know if X is interested, or if the deal is doable, per the Journal. X told the Journal it had no comment.

Persons: Bill Ackman, Elon Musk's, —, Ackman, X, Musk, Pershing Organizations: Elon, Ackman's Pershing, Service, Elon Musk's X Corp, Wall Street, Twitter, X, Pershing

☆ Watch CNBC's full interview with Pershing Square Capital Management CEO Bill Ackman
▼ + stars: | 2023-10-02 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Pershing Square Capital Management CEO Bill AckmanBill Ackman, Pershing Square Capital Management founder and CEO, joins 'Squawk Box' to discuss the regulatory approval of a unique SPAC structure called SPARC — a special purpose acquisition rights company — in which Ackman will inform investors of a potential acquisition before they pledge funds, potential interest in Elon Musk's X, the state of the U.S. economy, the Fed's inflation fight, and more.

Persons: Bill Ackman Bill Ackman, Elon Musk's Organizations: Pershing Square Capital Management, Pershing, Capital Management, Elon Locations: U.S

☆ Ackman's SPARC is seeking new deals with private companies
▼ + stars: | 2023-10-01 | by ( ) www.reuters.com time to read: +1 min

Bill Ackman, chief executive officer and portfolio manager at Pershing Square Capital Management, speaks during the SALT conference in Las Vegas, Nevada, U.S. May 18, 2017. REUTERS/Richard Brian/File Photo Acquire Licensing RightsOct 1 (Reuters) - Pershing Square SPARC Holdings Ltd, said that it will pursue business combinations with privately-held companies after receiving regulatory approval from U.S regulators for distributing special purpose acquisition rights. The SPARC, an affiliate of billionaire investor Bill Ackman's Pershing Square Tontine Holdings Ltd, is targeting companies that seek to raise a minimum of $1.5 billion of capital, it said in a regulatory filing on Friday. Ackman's SPARC is a variation of a special purpose acquisition company (SPAC), the market for which has cooled since its peak in 2021 as investors nursed losses on many deals. Ackman added that he has no idea if X is interested and would still need to determine whether or not a deal is doable.

Persons: Bill Ackman, Richard Brian, Bill Ackman's, Elon Musk's, Ackman, Elon Musk, Jose Joseph Organizations: Pershing Square Capital Management, REUTERS, Pershing Square SPARC Holdings Ltd, SPARC, Tontine Holdings, Wall, Elon, Thomson Locations: Las Vegas , Nevada, U.S, Bengaluru

☆ Bill Ackman reportedly said he would 'absolutely' do a deal with X with his new SPARC funding vehicle
▼ + stars: | 2023-10-01 | by ( Catherine Clifford | In Catclifford | ) www.cnbc.com time to read: +2 min

Billionaire investor Bill Ackman would "absolutely" do a deal with X, the social platform previously known as Twitter, with his newly approved investment vehicle, Ackman told The Wall Street Journal in a story published on Sunday. On Friday, Ackman announced that the Securities and Exchange Commission approved his new financing vehicle, which he is calling a SPARC — a special purpose acquisition rights company. Ackman told the Journal that he would "absolutely" consider using his newly formed SPARC to invest in X, the social media platform previously known as Twitter. Investors interested in the SPARC were directed to follow Bill Ackman's account on X for more information, according to the press release announcing the regulatory approval of the investment vehicle. "Taking X public would expose X to financial and governance regulatory transparency and accountability; which is why I'm skeptical it'll happen," Jagolinzer said in a post on X.

Persons: Bill Ackman, Ackman, Bill Ackman's, Vivek Ramaswamy, Robert Francis Kennedy Jr, Elon Musk, Alan D, Jagolinzer Organizations: Wall Street, Securities and Exchange Commission, SPARC, Pershing, Twitter, Pershing Square Capital Management, CNBC, U.S, University of Cambridge Judge Business School

☆ Bill Ackman and Larry Fink see US Treasury yields hitting 5%: 'Like literally weeks'
▼ + stars: | 2023-09-29 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

Wall Street heavyweights Larry Fink and Bill Ackman see US Treasury yields reaching 5%. AdvertisementAdvertisementWall Street heavyweights Bill Ackman and Larry Fink see inflation remaining higher and expect US Treasury yields to soon hit 5%. On Friday, the 10-year yield pulled back to 4.565% after surging to its highest level since 2007 earlier in the week. AdvertisementAdvertisementAnd that could keep US Treasury yields higher as they move on expectations of Fed rate policy. Other commentators have also suggested higher yields, especially as a supply and demand imbalance exists in the Treasury market.

Persons: Larry Fink, Bill Ackman, Ackman, —, Fink, Jamie Dimon, Bill Gross Organizations: Service, Pershing, Capital, CNBC's, Alpha, BlackRock, Berlin, JPMorgan, Federal Reserve, Treasury

☆ Bill Ackman’s 'SPARC' gets OK from the SEC and he’s ready for a deal: 'please call me'
▼ + stars: | 2023-09-29 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

Billionaire investor Bill Ackman said Friday that U.S. regulators have approved his unique special purpose acquisition company structure, and he's ready to hunt for a deal. Investors in Ackman's unfruitful SPAC, known as Pershing Square Tontine Holdings, got a tradable right to participate in a future deal, and now it's closer to becoming a reality. In Ackman's SPARC, investors get to opt in if they like the deal and walk away if they don't. The SPARC will shortly be distributing special purpose acquisition rights at no cost to former securityholders of Pershing Square Tontine. Pershing Square said the SPARC will immediately begin to pursue a merger with private, high-quality, growth companies.

Persons: Bill Ackman, Ackman's unfruitful, Ackman Organizations: Ackman's, Pershing, Tontine Holdings, Securities, Exchange Commission, Pershing Square, SPARC, Ackman's Pershing

☆ CNBC Daily Open: Long-term prospects are uncertain
▼ + stars: | 2023-09-29 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

People walk outside of the New York Stock Exchange (NYSE) in the financial district in Manhattan on June 14, 2022 in New York City. This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Big population but small labor forceEven though India's population of 1.428 billion has surpassed that of China's, according to UN estimates, the country's labor force is only at 51%, trailing behind China's 75%. When that happens, this simple bond trade can earn you 40% in returns, said investment analysts.

Persons: Hong, Bill Ackman, Rick Rieder, Katie Koch Organizations: New York Stock Exchange, CNBC, Nikkei, Alpha, Pershing, Capital Management, Treasury, BlackRock, Federal, TCW, China's, Oxford Economics Locations: Manhattan, New York City, Asia, Pacific, Tokyo, U.S, China

☆ Billionaire investor Bill Ackman: I'm a Warren Buffett devotee
▼ + stars: | 2023-09-28 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBillionaire investor Bill Ackman: I'm a Warren Buffett devoteePershing Square Capital Management CEO Bill Ackman joins CNBC's Delivering Alpha 2023 conference to discuss his meeting with Ukrainian President Volodymyr Zelenskyy, Treasury yields, and more.

Persons: Bill Ackman, Warren Buffett, Volodymyr Zelenskyy Organizations: Billionaire, Capital Management, CNBC's, Alpha

☆ Billionaire investor Bill Ackman: Alphabet will be a dominant player in AI
▼ + stars: | 2023-09-28 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBillionaire investor Bill Ackman: Alphabet will be a dominant player in AIPershing Square Capital Management CEO Bill Ackman joins CNBC's Delivering Alpha 2023 conference to discuss his meeting with Ukrainian President Volodymyr Zelenskyy, Treasury yields, and more.

Persons: Bill Ackman, Volodymyr Zelenskyy Organizations: Billionaire, Pershing Square Capital Management, CNBC's, Alpha

☆ Billionaire investor Bill Ackman: I am very bullish on Ukraine post-war
▼ + stars: | 2023-09-28 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBillionaire investor Bill Ackman: I am very bullish on Ukraine post-warPershing Square Capital Management CEO Bill Ackman joins CNBC's Delivering Alpha 2023 conference to discuss his meeting with Ukrainian President Volodymyr Zelenskyy, Treasury yields, and more.

Persons: Bill Ackman, Volodymyr Zelenskyy Organizations: Billionaire, Pershing, Capital Management, CNBC's, Alpha Locations: Ukraine

☆ Billionaire investor Bill Ackman: Kennedy made me think about risk vs. reward with vaccines
▼ + stars: | 2023-09-28 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBillionaire investor Bill Ackman: Kennedy made me think about risk vs. reward with vaccinesPershing Square Capital Management CEO Bill Ackman joins CNBC's Delivering Alpha 2023 conference to discuss his meeting with Ukrainian President Volodymyr Zelenskyy, Treasury yields, and more.

Persons: Bill Ackman, Kennedy, Volodymyr Zelenskyy Organizations: Billionaire, Pershing, Capital Management, CNBC's, Alpha

☆ Bill Ackman believes the 10-year Treasury yield could approach 5% soon
▼ + stars: | 2023-09-28 | by ( Yun Li | ) www.cnbc.com time to read: +1 min

Billionaire hedge fund manager Bill Ackman believes long-term Treasury yields can shoot even higher in the short run on the back of stubborn inflation. "I would not be shocked to see 30-year rates through the 5% barrier, and you could see the 10-year approach 5%," he told CNBC's Scott Wapner at the CNBC Delivering Alpha Investor Summit on Thursday in New York City. "You have a generation of people that are used to rates, you know, four sounding like a high interest rate. The benchmark 10-year Treasury yield hit a 15-year high this week, topping 4.65%, as the Federal Reserve signaled higher interest rates for longer this month. The 30-year rate last traded around 4.71%.

Persons: Bill Ackman, CNBC's Scott Wapner Organizations: CNBC, Alpha, Pershing, Capital Management, Reserve, Treasury, Federal Reserve Locations: New York City

☆ 30-year Treasury is not an instrument for speculating on the economy, says Pershing's Bill Ackman
▼ + stars: | 2023-09-28 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email30-year Treasury is not an instrument for speculating on the economy, says Pershing's Bill AckmanPershing Square Capital Management CEO Bill Ackman joins CNBC's Delivering Alpha 2023 conference to discuss his meeting with Ukrainian President Volodymyr Zelenskyy, Treasury yields, and more.

Persons: Bill Ackman, Volodymyr Zelenskyy Organizations: Treasury, Bill Ackman Pershing, Capital Management, CNBC's, Alpha

☆ Billionaire investor Bill Ackman: I'm very bullish on Ukraine post-war
▼ + stars: | 2023-09-28 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBillionaire investor Bill Ackman: I'm very bullish on Ukraine post-warPershing Square Capital Management CEO Bill Ackman joins CNBC's Delivering Alpha 2023 conference to discuss his meeting with Ukrainian President Volodymyr Zelenskyy.

Persons: Bill Ackman, Volodymyr Zelenskyy Organizations: Billionaire, Pershing, Capital Management, CNBC's, Alpha Locations: Ukraine

☆ Billionaire investor Bill Ackman says the Fed's fight against inflation may never end due to strikes and soaring gas prices
▼ + stars: | 2023-09-22 | by ( George Glover | ) www.businessinsider.com time to read: +3 min

"The long-term inflation rate is not going back to 2%," the billionaire investor said Thursday. A recent flare-up in gas prices has fueled fears the Fed will have to hike interest rates yet again. "The long-term inflation rate is not going back to 2% no matter how many times [Fed chair Jerome] Powell reiterates it as his target," Ackman posted on X. Economists worry that the United Auto Workers' union strike and a recent steady rise in gas prices could push inflation even higher. "And higher gas prices will raise inflationary expectations.

Persons: Bill Ackman, there's, Jerome, Powell, Ackman Organizations: Reserve, Service, Pershing, Capital Management, Consumer, United Auto Workers ', Workers, Strategic Petroleum Reserve Locations: Wall, Silicon, China

☆ Billionaire investor Bill Ackman's answer to the RTO pushback is to let employees work from anywhere in July and August
▼ + stars: | 2023-09-22 | by ( Huileng Tan | ) www.businessinsider.com time to read: +2 min

Billionaire investor Bill Ackman seems to have found a formula against the return-to-office pushback. His employees at Pershing Square can work from anywhere in July and August. Ackman said the arrangement has been working well for Pershing Square staff, who like the balance. While many companies are still trying to figure out the best work arrangements amid pushback against RTO orders, billionaire investor Bill Ackman appears to have found a solution he thinks is working. Pershing Square did not immediately respond to a request for comment from Insider sent outside regular business hours.

Persons: Bill Ackman, Ackman, that's, Ackman's, Elon Musk, Jamie Dimon, Marc Andreessen, Dimon, Musk Organizations: Pershing, Pershing Square, Service, Capital Management, New York, Forbes, SpaceX, JPMorgan, CNBC Locations: Wall, Silicon

☆ Bill Ackman lays out a series of reasons why he's betting rates keep rising — How you can play along
▼ + stars: | 2023-09-22 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +2 min

The 30-year Treasury yield was trading at 4.575% on Friday morning after hitting its highest level since 2011 on Thursday. US30Y YTD mountain The 30-year Treasury yield hit a new high for the year on Thursday. Ackman said he thinks 5.5% could be more the rational yield for the 30-year Treasury. The largest inverse bond ETF is the ProShares UltraShort 20+ Year Treasury ETF (TBT) , according to VettaFi. ProShares also has the Short 20+ Year Treasury ETF (TBF) , which is a one-times inverse fund.

Persons: Bill Ackman, Ackman, Ackman's, ProShares Organizations: Treasury, Reserve, Workers, ICE U.S, Pershing, Capital Management, CNBC, Alpha Locations: China

The meeting was scheduled for hours after Zelenskiy addressed the United Nations Security Council about Russia's invasion and its consequences. Ukraine has tried to lock in financial support from business leaders to help rebuild the country. A spokesperson for Zelenskiy and Ukraine's mission to the United Nations in New York did not immediately respond to a request for comment. Since the start of the war, Ackman's foundation has donated roughly $24 million to support Ukraine, a person familiar with the numbers said. Before the meeting in New York, the White House appealed to Congress to approve billions of additional dollars of support for Ukraine.

Persons: Ken Griffin, Mike Blake, Volodymyr Zelenskiy, Zelenskiy, JPMorgan Chase, Bill Ackman, Jonathan Gray, Robert Kraft, Henry Kissinger, Eric Schmidt, Mike Bloomberg, Barry Sternlicht, Mary Callahan Erdoes, Vince LaPadula, Whitney Tilson, Griffin, Howard Buffett, Warren, Svea Herbst, Bayliss, Lananh Nguyen, Andrea Shalal, Michelle Nichols, Megan Davies, Grant McCool Organizations: Citadel, Milken, Global Conference, REUTERS, United Nations Security Council, JPMorgan, Blackstone Group, New England Patriots football team, United, State, Google, United Nations, Griffin's Citadel, Ackman's Pershing, Capital Management, Ukraine, Fox News, Svea, Thomson Locations: Beverly Hills , California, U.S, New York, Ukraine, United States

☆ Billionaire investors Ken Griffin and Bill Ackman meet with Volodymyr Zelenskyy as Ukraine looks to rebuild its economy with private-sector funds
▼ + stars: | 2023-09-21 | by ( Zahra Tayeb | ) www.businessinsider.com time to read: +2 min

Ukraine's president met with billionaire investors Ken Griffin and Bill Ackman to discuss the future of the country's economy. The meeting, hosted by JPMorgan, focused on the scope for private-sector funding to help rebuild Ukraine's economy. Zelenskyy introduced the proposal at the Permanent Mission of Ukraine to the United Nations in New York, in a meeting organised by JPMorgan. Zelenskyy had met with BlackRock CEO Larry Fink Wednesday, the outlet reported. AdvertisementAdvertisementUkraine's economy has been battered by a slew of problems - including high inflation and a persistent trade deficit - following Russia's invasion of the nation.

Persons: Ken Griffin, Bill Ackman, Eric Schmidt, Volodymyr Zelenskyy, Zelenskyy, Citadel's Griffin, Pershing Square's, Philipp Hildebrand, Larry Fink Organizations: JPMorgan, Service, Fox News, United Nations, Fox, BlackRock Locations: Wall, Silicon, Ukraine, New York, Russia

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