Skip to navigationSkip to main contentSkip to right columnADVERTISEMENTDamilola EsebameTue, June 23, 2026 at 9:37 PM GMT+2 5 min readRetail investors have spent decades watching Bill Ackman make concentrated bets from the outside, The Motley Fool noted, piecing together his moves through quarterly filings that arrive months after the trades close.That dynamic changed when Pershing Square USA (PSUS) began trading on the New York Stock Exchange on April 29, giving ordinary investors a direct seat alongside the billionaire's team for the first time.The $5 billion closed-end fund is the largest of its kind ever launched in the United States, and its core structural advantage is permanent capital that eliminates redemption pressure.Now, roughly seven weeks after the initial public offering, Ackman has voluntarily disclosed eight of the 12 stocks in the fund, offering the clearest picture yet of where he sees long-term value.Eight names reveal Ackman's concentrated portfolio thesisThe disclosed positions include Amazon, Microsoft, Meta Platforms, Uber Technologies, Brookfield, Restaurant Brands International, Fannie Mae, and Freddie Mac,