Billionaire Picks

For Q2 2026, Bill Ackman’s Pershing Square Capital Management fund has these as his top holdings.

Brookfield Inc. (TSE: BN). For future infrastructure buildup Brookfield will partake in many private firms. 17.6% of portfolio.

Amazon (NASDAQ: AMZN) for its AWS which powers cloud computing world wide. 17.4%.

Uber for its coming autonomous vehicles. 15.7%

Microsoft (NASDAQ: MSFT). 15.3%.

Restaurant Brands International Inc (NYSE: QSR) - consistent fees from franchisees. 12.2%

Hilton Worldwide (HLT) ~8–9%

Howard Hughes Holdings (HHH) ~5–6%

Note that Ackman sold most of his Alphabet (NASDAQ: GOOG) holding - reducing it from 6.1m to 312K shares! The reason is thought to be for the new large purchase of Amazon.

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Warren Buffett added Alphabet (NASDAQ: GOOG) just prior before stepping down as chairman of B-H.

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Seth Klarman's The Baupost Group. He is a cautious value investor. This information is from the Q1, 2026 filing.

Amazon (NASDAQ: AMZN) - increased his holding by 47% in the latest quarter, so it is now the largest holding - 12.7% of portfolio.

Restaurant Brands International Inc (NYSE: QSR) 11.67% of portfolio

WESCO International WCC ~7.7%

Union Pacific UNP ~7.3%

Elevance Health ELV ~7.3%

Alphabet (NASDAQ: GOOG) increased position to ~6%

Willis Towers Watson WTW ~6%

Visa (NYES: V) - new purchase - sold three other fintech companies to buy this.

Aon plc (NASDAQ: AON) - new purchase worth about $250m. An insurance advisory company.

Norwegian Cruise Lines (NASDAQ: NCLH) - about $67m worth. Bought when price had declined.

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Stanley Druckenmiller's Duquesne Capital holdings:

Natera Inc (NASDAQ: NTRA) - largest holding at 18.1%. A drug company current specializing in cancer screening test.

iShares MSCI Brazil ETF (NYSE: EWZ) - 8.7-9.9%

Insmed Inc (NASDAQ: INSM) - 5.6% holding. Another drug company. 5.6%

Taiwan Semiconductor (NYSE: TSM) - 5%

Invesco S&P 500 Equal Weight ETF (RSP) - 4.7%

YPF (YPF) - 4.4%

BBB Foods (TBBB) - 3.3%

Alcoa (AA) - 2.9%

NewAmsterdam Pharma (NAMS) - 2.9%

Sea Ltd. (SE) - 2.7%

Broadcom (NASDAQ: AVGO) - a new purchase in Q1, 2026 but must be small because the above list is in order of holding size.