Billionaire Investor Bill Ackman Has 34% of His Portfolio Invested in 2 Brilliant Growth Stocks
Bill Ackman runs Pershing Square Capital Management. He is perhaps best known for a disastrous short position in , a nutrition company he called a pyramid scheme. Ackman made a $1 billion bet against Herbalife in 2012, expecting the stock to go to zero, but it had doubled by the time he exited the position in 2018.
However, Ackman has made some excellent moves in the market as well. Indeed, his hedge fund returned 288% over the past five years, easily topping the S 500's 107% gain. That outperformance makes Ackman an investor worth studying.
With that in mind, 34% of his Pershing Square portfolio was invested in two companies as of the quarter ended last September: 17% was allocated to Alphabet (NASDAQ: GOOGL) (NASDAQ: GOOG), and another 17% was invested in Chipotle Mexican Grill (NYSE: CMG). Ackman is clearly signaling high conviction in these businesses.
Source Fool.com
Herbalife Nutrition Ltd. Stock
With 1 Sell predictions and 1 Buy predictions the community sentiment towards the Herbalife Nutrition Ltd. stock is not clear.
A potential of -27.02%, resulting from comparing the current price of 9.59 € with the target price of 7 € for Herbalife Nutrition Ltd., shows the chance of incurring significant losses.
