Bill Ackman, Dan Ives Pile Into The Same 4 stocks – What Do They See Coming?

Hedge fund manager Bill Ackman and Wedbush analyst Dan Ives are among the most-followed names in the investment space, with investors regularly checking Ackman's quarterly positions and the latest investor notes from Ives to see where each is bullish.

Ackman and the Pershing Square Capital Management hedge fund share four stocks in common with the Dan Ives Wedbush AI Revolution ETF (NYSE:IVES), an ETF launched in 2025 that contains the top AI stock picks from Ives.

The 4 Shared Stocks

Here are the four stocks in common:

Amazon.com Inc (NASDAQ:AMZN): At the end of the first quarter, Amazon was the second largest holding for Pershing Square Capital at $2.39 billion in assets and 17% of the hedge fund. Amazon is the 12^th largest holding in the Ives ETF at 4.29% of assets.

Microsoft Corporation (NASDAQ:MSFT): At the end of the first quarter, Microsoft was the fourth largest holding for Pershing Square Capital at $2.09 billion in assets and 15% of the hedge fund. Microsoft is the 6^th largest holding in the Ives ETF at 4.64% of assets.

Meta Platforms (NASDAQ:META): At the end of the first quarter, Meta was the sixth largest holding for Pershing Square Capital at $1.52 billion in assets and 11% of the hedge fund. Meta is the 7^th largest holding in the Ives ETF at 4.51% of assets.

Alphabet Inc Class A (NASDAQ:GOOGL): At the end of the first quarter, Alphabet was the 11^th largest holding for Pershing Square Capital at 0.1% of assets in the hedge fund. Alphabet is the 10^th largest holding in the Ives ETF at 4.35% of assets.

Different Investing Styles

Ackman is a value and activist investor, known for taking large stakes in companies with dominant positions in their sectors and for pushing for changes to unlock shareholder value.

The hedge fund manager recently initiated a stake in Meta in the fourth quarter and a position in Microsoft in the first quarter, making his new Magnificent Seven bets.

Ackman increased the Amazon holdings by 19% in the first quarter, but cut both Alphabet holdings (Class A and Class C) by 95% each, making both positions less than 1% each in the hedge fund.

The legendary investor also launched several tracking stocks to give investors better ways to capitalize on the gains from Pershing Square.

• Pershing Square (NYSE:PS): Management company that receives fees and royalties on the investments and entities
• Pershing Square USA (NYSE:PSUS): Portfolio of best ideas, trading at an 18% discount to cash

The Ives ETF is heavily weighted toward stocks in the AI sector and is part of what Ives has described as the “fourth industrial revolution.”

“We have barely scratched the surface of this 4^th Industrial Revolution now playing out around the world led by the Big Tech stalwarts,” Ives said previously.

Wedbush launched the Wedbush AI Revolution ETF to give investors exposure to the top AI stock picks in the sector from Ives, one of the most well-known analysts.

Photo created using artificial intelligence via Midjourney, Dall-E.