New ETF Will Track Bill Ackman's Investments
A new exchange-traded fund (ETF) will track the investments of hedge fund manager Bill Ackman.
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Ackman runs the Pershing Square (PSH) hedge fund and has a strong and loyal following among individual retail investors. He currently has 1.7 million followers on social media platform X. This year, Ackman is off to a strong start thanks to a winning investment he made in mortgage concern the Federal National Mortgage Association (FNMA), commonly known as Fannie Mae.
Now, asset manager Tidal Trust has filed to launch an ETF that will be based on the concentrated portfolio of Ackman. Called the 'Vista Shares Pershing Square Select ETF,' this is the latest investment vehicle from Tidal Trust that tracks the holdings of notable investors such as Stanley Druckenmiller, Michael Burry, and Warren Buffett.
Major Holdings
Ackman's Pershing Square Holdings stock is up 2% this year versus a total return of 1% for the benchmark S&P 500 index. In recent months, Ackman's fund has gotten a lift from its investments in Fannie Mae and also the Federal Home Loan Mortgage (FMCC). Ackman currently owns 220 million shares of the two mortgage agencies, a stake worth about $2 billion.
Also this year, Ackman has gotten approval for Pershing Square to buy $900 million of Howard Hughes Holdings (HHH) stock and turn the real estate company into a diversified holding company, which he has called a 'mini Berkshire Hathaway (BRK.B).' Other major stock holdings of Bill Ackman include Uber Technologies (UBER), Hertz Global (HTZ), Chipotle Mexican Grill (CMG), and Amazon (AMZN).
Is PSH Stock a Buy?
three-month performance. As one can see in the chart below, PSH stock has declined 6% in London trading over the past three months.
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Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as 'advancement', 'assumptions', 'become', 'believe', 'continuing', 'could', 'developer', 'emerging', 'estimate', 'exploration', 'eventual', 'expected', 'feasibility', 'following', 'forward', 'future', 'generational', 'initial', 'intended', 'long-term', 'look', 'objective', 'ongoing', 'options', 'planned', 'positioned', 'potential', 'preliminary', 'process', 'program', 'proposed', 'risk', 'run', 'seeking', 'slated', 'study', 'subject to', 'target' and 'will', or variations of such words, and similar such words, expressions or statements that certain actions, events or results can, could, may, should, would, will (or not) be achieved, occur, provide, result or support in the future, or which, by their nature, refer to future events. 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The assumptions, estimates, expectations and opinions referenced, contained or incorporated by reference in this press release which may prove to be incorrect include those set forth or referenced in this press release, as well as those stated in the technical report for the Cactus Project filed on August 27, 2024 (the '2024 PEA Technical Report'), the Company's Annual Information Form dated March 27, 2025 (the 'AIF'), Management's Discussion and Analysis (together with the accompanying financial statements) for the year ended December 31, 2024 and the quarter already ended in 2025 (collectively, the '2024-25 Financial Disclosure') and the Company's other applicable public disclosure (collectively, 'Company Disclosure'), all available on the Company's website at and under its issuer profile at Forward-looking statements are inherently subject to known and unknown risks, uncertainties, contingencies and other factors which may cause the actual results, performance or achievements of ASCU to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Such risks, uncertainties, contingencies and other factors include, among others, the 'Risk Factors' in the AIF, and the risks, uncertainties, contingencies and other factors identified in the 2024 PEA Technical Report and the 2024-25 Financial Disclosure. The foregoing list of risks, uncertainties, contingencies and other factors is not exhaustive; readers should consult the more complete discussion of the Company's business, financial condition and prospects that is provided in the AIF, the 2024-25 Financial Disclosure and other Company Disclosure. Although ASCU has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. Forward-looking statements contained herein are made as of the date of this press release (or as otherwise expressly specified) and ASCU disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or results or otherwise, except as required by applicable securities laws. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from forward-looking statements. Accordingly, readers should not place undue reliance on forward-looking statements. The forward-looking statements referenced or contained in this press release are expressly qualified by these Cautionary Statements as well as the Cautionary Statements in the AIF, the 2024 PEA Technical Report, the 2024-25 Financial Disclosure and other Company Disclosure. Article content The Preliminary Economic Assessment (or 2024 PEA) referenced in this press release and summarized in the 2024 PEA Technical Report is only a conceptual study of the potential viability of the Cactus Project and the economic and technical viability of the Cactus Project has not been demonstrated. The 2024 PEA is preliminary in nature and provides only an initial, high-level review of the Cactus Project's potential and design options; there is no certainty that the 2024 PEA will be realized. For further detail on the Cactus Project and the 2024 PEA, including applicable technical notes and cautionary statements, please refer to the Company's press release dated August 7, 2024 and the 2024 PEA Technical Report, both available on the Company's website at and under its issuer profile at Article content Article content Article content Article content Contacts Article content For more information Alison Dwoskin, Director, Investor Relations 647-233-4348 adwoskin@ Article content Article content Article content
