Bill Ackman Keeps Buying This 1 Stock
When billionaire investor Bill Ackman adds to a position quarter after quarter, investors pay attention.In Q2, his fund Pershing Square bought another 156,000 shares of Brookfield Corporation (NYSE: BN), extending a buying streak that’s now five quarters long.
Brookfield isn’t your typical conglomerate. It’s a $70 billion global powerhouse with interests spanning renewable energy, infrastructure, real estate, and private equity — assets that form the backbone of the modern economy.
Ackman’s Accumulation
Ackman began building his Brookfield stake last year, purchasing 6.9 million shares at around $41.78. Since then, he’s added to it every quarter. Today, Brookfield makes up about 13% of Pershing’s portfolio, second only to Uber.
That’s no casual trade. Ackman typically runs a concentrated portfolio of high-conviction bets, and he’s showing real conviction here.
Why Brookfield Fits His Playbook
Ackman once described Brookfield’s assets as “the backbone of the global economy.” That may sound grand, but it’s accurate. Brookfield manages over $900 billion in assets, including 130,000 megawatts of renewable generation — about four times NextEra Energy’s output, and a fast-growing portfolio of AI-ready data centers.
That combination is timely. By 2030, AI-related data centers could need an additional 50 gigawatts of power, nearly the equivalent of California’s entire grid. Brookfield, with its blend of wind, solar, and hydro capacity, is strategically positioned to meet that surge.
The Ackman Formula
Ackman has long said he looks for businesses that are predictable, cash-generative, competitively advantaged, and run by aligned management.
Brookfield fits that mold perfectly.
Its infrastructure assets throw off stable, long-term cash flows, while its asset management arm earns fee income on more than $563 billion of client capital. Brookfield also benefits from deep management experience — Ackman worked closely with CEO Bruce Flatt during the restructuring of General Growth Properties, a deal that earned Pershing $1.6 billion.
Strong Balance Sheet, Big Opportunity
Unlike many leveraged asset managers, Brookfield’s debt is well-structured — with average maturities of 14 years and ample liquidity through $5 billion in undrawn credit lines and $177 billion in deployable capital. That gives it flexibility to buy when others can’t.
And the results are showing. In Q2, Brookfield monetized $55 billion in assets, earned $1.06 billion in net income, and grew fee-related earnings 16% year over year.
Recent wins include a 3,000-megawatt clean energy deal with Google and the acquisition of Just Group, expanding its insurance platform.
Is BN Stock Still a Buy?
Brookfield’s shares are up 20% over the past year, yet still sit roughly 15% below analysts’ $49.70 price target. With Ackman steadily increasing his stake, the stock’s long-term story appears intact.
For investors seeking exposure to the essential infrastructure powering AI, renewables, and global commerce, Brookfield offers a rare combination of stability, growth, and compounding potential.
In short, Ackman isn’t just betting on Brookfield, he’s betting on the future foundation of the global economy.
