Billionaire Bill Ackman Has Almost 20% of His Pershing Square Portfolio Invested in This Magnificent Growth Stock
Due to laws and regulations overseen by the Securities and Exchange Commission (SEC), large asset managers are required to publicly disclose their equity positions within 45 days of a quarter's end. For the retail investor, this is a potential gold mine of possible stock ideas.
One well-known hedge fund manager, Bill Ackman, who heads Pershing Square Capital Management, is closely watched. His track record has made him somewhat of an investing legend. He runs a concentrated book of what he and his team believe are outstanding companies.
After quickly glancing at the $10.4 billion portfolio, you'll see that there's one business that makes up more than 18% of the assets. This magnificent growth stock has soared 316% in just the past five years. Let's try and figure out what Ackman likes about this company before answering whether it makes for a worthy investment today.
Source Fool.com
Square Inc. Stock
Our community is currently high on Square Inc. with 5 Buy predictions and 0 Sell predictions.
With a target price of 87 € there is a positive potential of 31.38% for Square Inc. compared to the current price of 66.22 €.
