Bill Ackman heavily bets on three stocks, including Alphabet, citing AI and undervaluation.

Billionaire investor Bill Ackman has allocated 57% of his $16 billion hedge fund to just three stocks, including Alphabet (GOOGL), which he began buying in early 2023 as AI gained traction. Two other top holdings are seen as undervalued with strong growth potential, one reaching a pivotal moment due to positive developments. Ackman’s concentrated, research-driven strategy focuses on companies with durable advantages and long-term prospects, with his top picks outperforming the broader market.