저자: 미상 · 외국인
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빌 애크먼의 Persing Square가 2025년 1분기 포트폴리오를 대폭 재편. 나이키 전량 매도(약 15억 달러), 힐튼·알파벳 축소. 신규로 우버에 약 22억 달러 투자해 최대 보유 종목으로 편입, 브룩필드(BN)와 허츠(HTZ)도 매수. 우버는 자율주행 시대의 플랫폼으로 평가되며 잉여현금흐름 강세 근거 제시. 허츠는 매출 감소에도 차량 가치 회복과 운영 개선을 근거로 회복 가능성 언급. 영상은 장기 관점의 포트폴리오 해석 중심.
다듬은 글
Wall Street just received a jolt. Legendary investor Bill Aman is back with a bang, orchestrating one of the most daring portfolio transformations we've witnessed in recent memory. His firm, Persing Square Capital, didn't merely tweak its holdings. It completely tore down the old guard to clear the way for a fresh wave of highly confident investments.
In the first 3 months of 2025, Nike vanished from the portfolio entirely. Aman completely exited his substantial $ 1.5 billion position, representing a staggering 100% sell-off. Holdings in Hilton were cut by nearly 45% and Alphabet saw a trim of over 16%. Even long-standing, reliably growing companies like Chipotle and Canadian Pacific weren't safe, experiencing significant reductions across the board.
So why such aggressive changes? When Bill Aman makes strategic shifts, it's always for a reason. He aims for big wins and he just made a massive move. Aman initiated an enormous $2.3 billion investment in a company that wasn't even on his radar a quarter ago. This new investment has instantly become Persing Square's largest holding.
This isn't just a simple new purchase. It's a powerful statement, a bet so large and so sudden that it's sending ripples through the entire hedge fund world. But that wasn't his only strategic play. Aman also added several other important positions clearly steering Persing Square towards an exciting new future.
This future is built on companies with disruptive growth, strong digital presence, and long-term positive trends. So, what exactly did he buy? In this video, we'll dive into the three top choice stocks that Bill Aman just added in the first quarter of 2025, including the surprising company that immediately became his number one holding.
If you're serious about following the moves of successful investors, this is a portfolio you absolutely need to pay attention to. Leading the list is Uber Technologies Inc., ticker symbol Uber, which represents Bill Aman's newest and most audacious bet. In the first quarter of 2025, Aman stunned the financial world by building a colossal $2.21 billion position in Uber, instantly making it the biggest holding in the Persing Square portfolio.
This wasn't just a bold allocation of funds. It was a clear declaration. Uber is no longer the money losing, fast growing company it once was. Today, it's a financial powerhouse, generating over $8 billion in free cash flow every year and expanding rapidly. It's expected to see strong double-digit growth in both its profits and revenue far into the future.
Even with all the buzz about Tesla's upcoming self-driving taxi service, Aman clearly sees Uber not as a casualty of autonomous technology, but as the ultimate platform for it. Uber isn't trying to build every single piece of the future on its own. Instead, it's positioning itself to bring everything together through partnerships with various autonomous vehicle companies from Whimo to May Mobility.
Uber is creating a flexible network that can connect both human drivers and self-driving car fleets. This approach makes it much more robust and able to grow than any company trying to do everything themselves. Did you know that Uber's journey began as a simple idea to allow people to hail a ride using their smartphones in 2009?
A concept that completely revolutionized personal transportation. The latest financial figures support this idea. In the first quarter of 2025 alone, Uber brought in 11.5 billion in revenue and $1.9 billion in adjusted earnings before interest, taxes, depreciation, and amortization. Its net income soared to $1.77 billion, while free cash flow reached an astonishing $2.25 billion in just one quarter.
With 170 million active users each month, Uber's global reach extends across 79 countries, solidifying its position as the undisputed leader in ride hailing, delivery, and now increasingly in logistics and retail deliveries. Amen's strong belief isn't just based on the numbers. It's about Uber's potential as a vast platform.
As Uber continues to add services like grocery delivery, restaurant reservations, and last mile package delivery, it's transforming into much more than just an app for getting around. It's building the very backbone of urban life. And with smart stock buybacks already happening, over $3 billion in repurchases this year, shareholders are directly benefiting.
Uber isn't just surviving the revolution in self-driving technology, it's set to lead it. Aman recognizes this and now the shrewd investors are paying close attention. up is a company that doesn't just manage money. It uses it to build vast global enterprises. We're talking about Brookfield Corporation, ticker symbol BN.
A quietly powerful player in the world of alternative asset management and one of the newest additions to Bill Aman's portfolio. Brookfield isn't your average investment firm. It operates where money, large-scale infrastructure, and new ideas meet. With more than $1 trillion in assets under its management, Brookfield has created a special interconnected system that includes managing investments for clients, providing insurance and retirement solutions, and directly owning important assets like renewable energy facilities, real estate, and private companies.
Imagine it as a modern-day industrial powerhouse combined with the financial smarts of a Wall Street giant. What makes Brookfield especially interesting is how perfectly its different parts work together. Its investment management division earns steady and growing fees by handling client money in long-term investments.
At the same time, its operating businesses use Brookfield's own capital to buy and run realworld assets such as hydroelectric power plants, data centers, toll roads, and logistics hubs. This generates reliable inflationprotected cash flows for the long haul. Meanwhile, its wealth solutions business invests money from retirement and insurance clients, aiming for consistent profits from the difference in interest rates.
Together, these core areas make Brookfield one of the most resilient and diverse platforms in the market today. Brookfield Corporation, founded in 1899, has a long history of investing in and managing essential infrastructure around the globe, from power generation to transportation networks, demonstrating its lasting impact on the world's economy.
In the first quarter of 2025, Brookfield announced a huge increase in its Wealth Solutions assets, which jumped 111% from the previous year to 133 billion. It also grew the fee generating capital in its asset management division by almost 20%. These aren't just small improvements. They show strong demand for alternative investments and the big advantage Brookfield has as large global organizations shift their money away from traditional public markets.
Now, the company's structure might seem complicated, and it is, but that complexity hides one of the most effective money-making machines in the financial world. Brookfield aims for more than 15% annual returns for its shareholders, and it has consistently achieved this goal over the past 30 years. In a world often looking for simple answers, Brookfield embraces its large-scale smart strategy and interconnected operations.
That's precisely why Bill Aman is investing in it. Finally, we turn to a name that surprised many by quietly appearing in Bill Aman's portfolio. Herz Global Holdings Inc., ticker symbol HTZ. While it's a relatively small stake, making up just 0.5% of Persing Square's total portfolio, the fact that Aman increased his ownership by nearly 18% in the first quarter of 2025 shows a level of confidence worth noting given an average purchase price of just $353 per share.
This move seems particularly wellthought out. So, what's the argument for investing in Hertz? To be clear, Hertz is still dealing with a challenging business environment. Revenues dropped 13% year-over-year in the first quarter of 2025, and both the number of transactions and rental prices are under pressure.
But that's only part of the story. Beneath the surface, Herz is carrying out a surprisingly strong operational turnaround. The company has aggressively updated its vehicle fleet. Over 70% of its rental cars in the US are now less than a year old, and this strategy is yielding results. The decline in value per vehicle has fallen dramatically, already surpassing fullear targets, and direct operating costs have decreased significantly.
In fact, the cost per rental day improved by 4% compared to the previous quarter, even with lower rental volumes. What's even more impressive is Herz's position in the used car market. Vehicle resale values are starting to climb again, and management estimates that every 1% increase in the value of their used cars translates to over $100 million in financial benefit for their fleet.
With April's Mannheim rental car index jumping 8% in just one month, Herz could be sitting on a hidden profit opportunity if this trend continues. Then there's the company's financial health. While its cash on hand dipped to $1.22 $22 billion. In Q1, Hertz successfully extended $1.7 billion in revolving credit until 2028 and approved a $250 million stock repurchase program.
These actions reduce the risk of needing to refinance soon and give management valuable time to complete the turnaround. Acman's investment in Hertz isn't about where the company is right now. It's about its future potential. If revenues stabilize in the latter half of 2025, Hertz could be poised for a significant recovery.
For now, it remains a bet against the crowd, but one that clearly fits with Aman's long-term vision of turning operations around and creating value. Bill Aman's latest moves are more than just rearranging a portfolio. They're a brilliant demonstration of confident investing. From betting big on Uber as the future of transportation to supporting a global powerhouse like Brookfield and making a carefully planned investment in Herz's recovery, Aman is preparing Persing Square for the next 10 years, not just the next 3 months.
These aren't passive investments. They are bold, deeply held bets on innovation, strength, and transformation. Whether you're an individual investor or simply tracking the moves of the most successful money managers, studying these kinds of decisions can reveal where the true opportunities lie. .
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