Billionaire Bill Ackman Makes $900 Million Bet on NYSE Firm in Buffett-Inspired Move

Bill Ackman’s hedge fund, Pershing Square, has invested nearly $1 billion in Howard Hughes Holdings (HHH), acquiring 9 million shares at a 48% premium.

This makes Pershing Square the largest shareholder, controlling 46.9% of the real estate firm. Ackman, now executive chairman of HHH’s board, plans to transform the company into a diversified holding firm. He views the investment as an opportunity to replicate Warren Buffett’s strategy, turning a real estate development firm into a high-growth, high-return platform for acquiring businesses.

Ackman aims to build a public company with permanent capital, following the path laid by Buffett’s Berkshire Hathaway.

Clever Robot News Desk 9^th May 2025