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Ackman's Pershing Square USA Raises $5 B, Targets Tech Stocks

5/4/2026

33 6 Full Breakdown

Summary

Story summary

Pershing Square Capital Management launched Pershing Square USA, raising $5 billion.
The fund opened at an 18% discount to NAV and charges a 2% management fee.
Bill Ackman, Pershing Square Capital Management founder, plans to deploy the IPO cash within weeks, likely replicating Pershing Square Holdings’ recent Amazon and Meta purchases.
Brookfield Corp. is the fund’s largest holding, trading at about 18 times earnings with a 25% growth outlook.

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Story summary

Pershing Square Capital Management launched Pershing Square USA, raising $5 billion.
The fund opened at an 18% discount to NAV and charges a 2% management fee.
Bill Ackman, Pershing Square Capital Management founder, plans to deploy the IPO cash within weeks, likely replicating Pershing Square Holdings’ recent Amazon and Meta purchases.
Brookfield Corp. is the fund’s largest holding, trading at about 18 times earnings with a 25% growth outlook.