A new exchange-traded fund (ETF) will track the holdings of popular investor Bill Ackman.
Ackman runs the Pershing Square (PSH) 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 ETF from Tidal Trust that tracks the holdings of notable investors such as Michael Burry and Warren Buffett.
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 U.S.
Also this year, Ackman has gotten approval for Pershing Square to buy $900 million U.S. 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 Ackman include Uber Technologies (UBER), Hertz Global (HTZ), Chipotle Mexican Grill (CMG), and Amazon (AMZN).
So far this year, Pershing Square’s stock, which trades in London, England, is down 2.31% and changing hands at 3,895.93 British pounds.
