Pershing Square bets heavily on Brookfield, Uber, and Alphabet, citing undervaluation and strong growth potential.

Bill Ackman’s Pershing Square hedge fund has 48% of its $14 billion portfolio in Brookfield, Uber, and Alphabet, reflecting a concentrated value strategy. The fund is preparing a dual IPO, potentially offering public investors access via a new closed-end fund. Brookfield is seen as undervalued, with strong asset growth and projected 25% earnings increases. Uber is viewed as a leader in robotaxi development, supported by partnerships and solid core business performance. Alphabet benefits from AI-driven search improvements, boosting engagement and ad revenue. All three are considered attractively priced relative to long-term growth.