Billionaire Bill Ackman Has Almost 20% of His Pershing Square Portfolio Invested in This "Magnificent Seven" Stock
The average investor can learn a lot by following some of the professionals in the industry. Take Bill Ackman, whose strategy -- probably influenced by the great Warren Buffett -- focuses on making concentrated bets in high-quality businesses trading at compelling valuations.
Ackman's hedge fund firm, called Pershing Square Capital Management, currently manages $10.8 billion in assets. Rather than blindly following his portfolio decisions, investors should try to understand why he owns what he does.
One of Ackman's top holdings is tech titan (NASDAQ: GOOGL) (NASDAQ: GOOG). Let's look at what factors may have drawn the hedge fund manager's attention to this dominant "Magnificent Seven" company.
Source Fool.com