Bill Ackman, founder and chief executive of Pershing Square Capital Management, has put roughly 30% of his portfolio into two stocks most investors would never pair together: Meta Platforms and Uber Technologies. Wall Street analysts, as per aggregated price targets, see potential upside of 50 per cent in Meta and as much as 100 per cent in Uber based on recent trading levels.
Most big funds spread risk across dozens of positions. Ackman, however, runs a tight portfolio by design, and a 30 per cent combined allocation to two companies points to a high-conviction thesis that reaches beyond each company's core business into their role in artificial intelligence.
