"Bill Ackman's $610M Gain: Mastering Hedge Fund Strategy with 10 Stocks"

Billionaire hedge fund founder Bill Ackman made $610 million in 2023 from just 10 stocks, landing him in the top 10 on Bloomberg's list of best-paid hedge fund founders. His firm, Pershing Square Capital Management, saw a 26.7% gain across its positions, including investments in companies like Alphabet and Chipotle. Ackman's earnings were primarily from share-price gains in his publicly traded funds and performance gains at his private funds, as well as fees charged to clients. He also announced the launch of a new investment portfolio, Pershing Square USA, which will be listed on the New York Stock Exchange and available to a wider range of investors.