You Can Now Invest With Bill Ackman. But Here's an Even Better Option.

1 hour ago 2

Adam Levy, The Motley Fool

Mon, May 4, 2026 astatine 8:11 AM CDT 5 min read

Bill Ackman's Pershing Square (NYSE: PS) made its U.S. marketplace debut with the IPO of a caller closed-end fund, Pershing Square USA (NYSE: PSUS). The hedge money manager successfully raised $5 cardinal for the caller fund, offering shares successful the absorption institution arsenic an inducement for IPO subscribers.

Ackman's steadfast besides manages different closed-end fund, Pershing Square Holdings (LSE: PSH), which is traded successful Europe, arsenic good arsenic Howard Hughes Holdings. But the caller listing is the astir straightforward way for Americans to put straight successful the aforesaid stocks arsenic Bill Ackman.

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There's bully crushed to beryllium interested. Ackman's investments person produced annualized returns of 16.2% since helium founded his constricted concern successful 2004. But there's an adjacent amended enactment for astir investors than buying into the caller U.S.-listed fund.

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Track Ackman's investments yourself

While Ackman's investing benignant has changed implicit the years, he's settled into a comparatively elemental strategy that's served him and his investors highly well. He aims to bargain a concentrated portfolio of stocks trading good beneath their intrinsic values. He tends to clasp those investments for comparatively agelong periods, lone selling erstwhile amended opportunities originate (and helium doesn't person capable superior to invest) oregon erstwhile his concern thesis deteriorates.

With a concentrated portfolio, Ackman has the accidental to constitute astir each banal the money owns and sermon his reasons for investing successful them successful his bi-annual letters to shareholders. He discusses his positions extensively connected net calls with investors. The money is required to disclose its U.S.-listed holdings each 4th via Form 13F. And Ackman's progressive societal media beingness often keeps investors informed aft Pershing Square establishes a large caller position.

That is to say, it's comparatively casual for investors who privation to travel Ackman's trades to seizure astir of the returns of Pershing Square. Even if you don't get successful astatine the aforesaid terms arsenic the hedge fund, you tin inactive seizure the bulk of gains successful its portfolio since the funds thin to clasp positions for a comparatively agelong period.

What mightiness Pershing Square USA buy?

Ackman intends to deploy the currency raised by the IPO wrong a substance of weeks. In each likelihood, Pershing Square USA's portfolio volition look precise akin to that of Pershing Square Holdings.

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