Bill Ackman has $644.5 million in Visa shares
Pershing Square Holdings holds the stake. The firm calls Visa shares attractive at 24 times expected earnings.
Jewish billionaire Bill Ackman's investment fund, Pershing Square Holdings, reported about $644.5 million in economic exposure to Visa as of September 30, according to a third-quarter shareholder letter. That stake makes up 4.9% of the fund's net assets. In the letter, Ackman highlighted strong results for the payment company.
Organic revenue grew 12%, profit per share rose 17% and value-added services revenue grew about 27% from a year earlier, driven by higher payment volumes and international transactions. Ackman also addressed concerns that digital dollars and artificial intelligence could disrupt the traditional payments industry, saying his firm sees those technologies as opportunities that will create more transactions for Visa.
The company has expanded its digital currency infrastructure and built tools for AI agents to make secure transactions.
About Bill Ackman
American billionaire hedge fund manager (born 1966)
- Net worth
- $9.1 billion2025
- Age
- 60
From Wikipedia. Figures can be a year or two old.
Figures as reported by Yahoo Finance.
