Billionaire investor Bill Ackman unveils six new picks in major portfolio overhaul

Ackman unveils six new investments including Netflix, Visa, Mastercard in biggest portfolio overhaul in years

Ackman debuts six holdings (Netflix, Visa, Mastercard, Alcon, ICE, S&P) in biggest overhaul in years on earnings-growth thesis. Signal: he added Microsoft on earnings dip, betting AI investments would drive rebound—validating that AI drives tech multiple expansion.