What Dragged Down Ackman’s Pershing Square Gains in 2024

Nike and Universal were among the fund’s losers, while Brookfield, Fannie Mae, and Freddie Mac rose.

Michelle Celarier January 7, 2025

Down arrow, cash dollar bills and stock market indicators - Economy graph

Down arrow, cash dollar banknotes and stock market indicators (money, business, finance, crisis, success, devaluation, inflation) - Economy chart

Javier Ghersi/Getty Images

With close to half of the stocks in the hedge fund ending 2024 in negative territory, Bill Ackman’s Pershing Square Holdings posted a net gain of 10.2 percent in a year when the S&P 500 climbed 23 percent, making it the first time since 2017

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