Pershing Square Adds 6 Stocks, Betting on 4 Financial Names

3 articles · Updated · currently.att.yahoo.com · Aug 14

Six new positions appeared in Pershing Square’s latest disclosure, with four financial stocks—Visa, Mastercard, S&P Global and Intercontinental Exchange—forming the biggest thematic shift.
Ackman framed Visa and Mastercard as capital-light, inflation-resistant fee collectors that avoid direct credit risk while benefiting from higher transaction volumes and growing value-added services.
S&P Global and Intercontinental Exchange fit the same playbook: dominant market-infrastructure businesses with recurring revenue from ratings, indexes, commodities pricing, exchanges, data and mortgage technology.
Pershing said it had tracked all four companies for years—decades in S&P Global’s case—underscoring a long-term conviction behind the buys rather than a short-term trade.
The financial quartet accompanied two other new stakes, Netflix and Alcon; Pershing’s Netflix re-entry had already drawn attention after the firm disclosed a 3.15 million-share position.