Bill Ackman’s Pershing Square Holdings faced a challenging year in 2024, experiencing a net gain of 10.2 percent. This performance fell short of the S&P 500’s impressive 23 percent increase, marking the first time since 2017 that the fund underperformed relative to the broader market.

The difficulties were largely attributed to losses in major holdings, including Nike and Universal. These setbacks significantly impacted the overall performance of the fund. However, there were some positive contributions from investments in:

• Brookfield
• Fannie Mae
• Freddie Mac

Despite these positive aspects, nearly half of the hedge fund’s stocks ended the year in negative territory. This situation highlights the challenges faced by Ackman and his investment strategies throughout the year.

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