In a recent development, billionaire investor Bill Ackman's Pershing Square is targeting to raise $25 billion for a US fund. The fundraising effort, which is expected to take place in 2024, aims to focus on investments in the US market. If successful, this would make it one of the largest funds ever raised by a hedge fund. Ackman's Pershing Square has a history of successful investments, including a recent gain of 28.5% in Tech Titans. This move highlights Ackman's continued confidence in the US market and his commitment to expanding his investment portfolio [e526bc6e].
In addition to his plans for the US fund, Ackman's Pershing Square has made heavy investments in non-tech companies. Chipotle Mexican Grill, the largest investment in the portfolio, has seen a remarkable 425% increase in value since Pershing Square acquired the stock. Restaurant Brands International, the parent company of popular fast-food chains such as Burger King and Tim Hortons, accounts for 17.6% of the portfolio. Lastly, Hilton makes up 16.2% of the portfolio and has doubled in value since Ackman began investing in it in 2018. These non-tech companies are known for their profitability, strong management, and significant growth potential. Ackman's investment choices in these companies may provide valuable diversification opportunities for investors [1ff0e101].