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in this video I want to review the latest moves from Bill Amman what he has bought what he has sold you see some changes on data Roma this is a website that tracks what super investors have been buying selling so you see some colors here you see some changes in this video we will go through line by line what has been the changed the changes and let me start by saying that there is a line Herber that we don't see here so there is additional things to say about this report in case this is your first video from this channel welcome my name is Christoph n I've been investing in the stock market for almost a decade now and I have achieved a performance of 25% per year and data Rama is a great source of ideas to compound your wealth at 15 20 25% per year so I watch all the super investors on this website every quarter and this is the turn of bman right okay so you are talking about bacman from persi Square 10 stocks in his portfolio so we are talking about fairly concentrated portfolio not a lot of activity normally and you see look at this if I click on activity you don't see a lot of activity you don't see many trades so now five or six trades for for this quarter okay the first position in his portfolio uh is not Brookfield strangely enough it's Google Google you see here he holds 11% and then you have another class a share of 6% 11 plus uh 11 + 6 or that's 177% so 177% holding in Google no change don't change in Google that's a high conviction player for for bakman and for lelu and for all the many investors completely normal and no change so that was for the first position the second position is Brookfield well he that's already 15 or 16% of his portfolio a small ad in case you don't know what Brookfield does that's the leader in alternative investment and uh it's a Canadian company and they have different parts you have Asset Management part renewable Parts infrastructure parts that's a big fund led by the one of the best investors of our world Bruce flat Canadian CEO this is a company with uh adjusted metrics so maybe you will not find something relevant if you check net income here this is not uh uh how we analyze Brookfield and we analyze Brookfield with distributable earnings bacman has uh talked a lot about Brookfield so in case you want to go deeper into Brookfield I recommend you check what they have to say and I also recommend the latest earning SC from pering Square the company of bman because they explain in great details what is the thesis around Brookfield how this will be a long-term compounder that can generate at least 15% per year so high high conviction so we've talked about Google no major change long-term hold now Brookfield a small ad 6% ad because they still believe in the thesis and the stock has rebounded sharply and and they believe they have more upside in future years now if you adjust for some Metric the distributable earnings give you a price to to De of 17 that's almost a price to free cash flow of 17 for a business that can grow 15% per year yeah with a strong management with a strong mode and a great vision I mean the stock is not expensive if you look at it this way but by the way if you're looking for a complete framework to analyze stocks and build a strong portfolio I have a coaching program more on that at the end of the video the next uh stock in his portfolio is qsr so quick service restaurant you have Burger King no change at all bacman made more most of his money with restaurants a lot of his money with restaurants and was always profitable he is an expert when it comes to Restoration drinks food McDonald Coca-Cola these kind of things he knows a lot and um I mean recently we've seen some critics for bakman saying that uh I mean he's talking about health issues and obesity in the US but still he's invested in Quick Service restaurants I think these are great businesses the health issue is not his issue uh I mean that's his style of investing he invest in strong businesses with pricing power with a mode and a great vision and this is exactly what qsr is doing the next move is a reduction in Chipotle Mexican Grill you all know Chipotle I'm sure you love it that's a 15% reduction but it's still 11% of his portfolio if you check Chipotle you see that the stock price has been running hot he bought the stock in 2017 during the health scare so at a stock price of I don't know seven maybe six or seven and now the price is 60 and the price is a little bit overvalued at the moment the company is a little bit overvalued at the moment you have a PE ratio of 40 50 so maybe it's not uh enough um it's not so overvalued that you have to completely sell out of the position but he is triming a little bit triming a little bit that's fine he he has not changed changed his mind the business is still profitable generative some strong free cash flow doing some BuyBacks here and there the the the company is still fine just I will add something to Chipotle saying that there has been a change in CEO the CEO of Chipotle left I think in summer 2024 to go to Starbucks so maybe you can expect um a worse management for the coming years I don't know it's all about efficiency at this point okay still a lot of conviction you see these are concentrated bets like 10% position in a portfolio this is some concentration the next one is Howard huge Holdings something I'm not really familiar with if you check the latest slides from Blackman they talk about it a lot I'm personally not a fan of what they do this is a real estate play and if you check the um latest uh stock performance you are talking about a business that is still uh uh struggling I would say the valuation I don't know this is a company that at first glance can have a lot of debt but this is a real estate so company so it's normal and still seems like they are struggling at the moment so wait and see if you check the latest slides from howart huge maybe you will see more details more information what bacman is thinking about the company but no change for this for HHH the next one is Google we've talked about this one Nike Nike is different because now I'm recording this video on February 2025 the latest news is he sold Nike to buy an option uh for Nike investments in other words he doesn't hold the common shares anymore but he has an option in case Nike's investment is doing well so if you check Nike you see that Nike has been struggling for a while since 2021 they changed the CEO they changed the management they plan to come back to the roots of the business and this is a turnaround play this is a company with some good branding good mode but the mode is getting attacked right now by smaller competitors so it's a turnaround play we will see if belman is doing some activism work here but apparently he added a little bit and then he sold the common share to buy an option I'm not sure of the percentage anymore but still what we know is he is still invested in Nike okay um by the way I will talk about it now he um got um he transferred the Nike shares into options and he used the cash in his portfolio to buy Uber so he used the conversion to an option to buy Uber you all know Uber this is the right sharing company that also does food delivery and seems like the company has changed in the latest quarters because now the company is generating some strong free cash flow let me go here free cash flow here this is the line in blue before like two years ago the company didn't generate any free cash flow and now the free cash flow is increasing same thing for the net income before the company was burning money now they are break even and finally generating money before the company was issuing some shares like diluting shareholders which is not a good sign at all and now seems like it has stopped we will see this is again a turnaround play Uber is a bet on on a Revival of the company generating some strong cash flows growing profitably because erber is the leader in its category so maybe that's an excellent investment from bman I'm not personally a fan of the mo but in case you are interested in this one you can compare it to to lift or to all companies like D Dash or deliv veru this is a competitive space and the PE ratio of the company is not that expensive like you are talking about the p ratio of between 20 30 that's not that expensive if you think this is a quality company just so you know yeah on data Roma the Uber investment will not appear but he is investing in erber now we know it uh Hilton worldwide Holdings he reduced the the position by 25% um in case you don't know Hilton I mean that's a hotel chain in the US what is the ticker symbol a h HLT he has been investing in restaurants but also hotels fast food restaurants for a while and this is a classic example of bacman investing this company is Big 7 70 billion doar of Enterprise Value and this is a renowned brand all the the world with a PE ratio of 30 and the company is growing back from the covid levels so business as usual you have some BuyBacks some free cash flow some debt but that's fine and this is like business as visual a bet on travel and a bet on the World opening up so that's a simple simple investment thesis he reduced the holding a little bit not that much only by 25% I suppose he reduced a little bit of Chipotle reduced a little bit of Hilton and then sold the common shares of Nike to use all the cash to buy erber so maybe erber is a big position in his portfolio um the other one one is Canadian Pacific cansas City really simple investment idea what I like about bman is that the investment ideas are really simple like uber everybody could have it could think about it I've been I've seen people on Twitter thinking about Uber that's fine Google that's very simple Canadian Pacific is also very simple in case you don't know what the company does it's a railroad business in Canada so that's basically it uh they go through the Canada us and Mexico and like all railroads the stock has been doing nothing for 3 years four years like all railroads in North America this is a company that is generating more Revenue over time you are not talking about a lot of growth but still a profitable growth look at the net income net income is growing profitably like all railroads they generate some cash so some strong cash flow look at this this is the free cash flow in blue up and to the right so what is that you have a little bit of dilutions here maybe they I suppose they did a strong acquisition here yes they did a strong acquisition in 2021 and now the company has used uh some debt to fuel the acquisition in 2021 maybe if you want to go deeper on this one you can check what happened in 2021 what was the acquisition and how did it work out because the company has not shown a lot of efficien efficiency since then I mean this is a net income in21 and almost no growth here okay that's interesting that's interesting that's a simple investment that yielded no results for the past few years for bman maybe in the future yes and this is 8% of his portfolio that's another one Google that's the so Google is uh 177% of his portfolio don't don't think that bfield is the biggest position and the last position is a small position from bman Cort Entertainment Group he doubled the investment in his position uh this I mean this will not move the needle for his portfolio this is only 1% of the Holdings so no major change here this is um they operate and develop a unique collection of assets positioned at the intersection of entertainment and relay state okay its objective is to integrate oneof a Kind real estate assets with a variety of restaurant retail and Leisure offerings to form a vibrant mixed use destination where customers can work play and socialize yeah okay I'm not a fan of of these small Investments we will see the company is still not profitable still not profitable uh they have some debt and the company is new actually the company went public in SE in July 2024 and the stock has been doing nothing not a lot of visibility maybe bacman knows something that we don't I suppose that's the case and this is the reason why he doubled down on this investment so don't be surprised if the stock doubles and in a few months people say oh it was easy in in h sight now we have no data but if you want to do the due diligence you can find this small company the market cap is 4 $0000 million so we are talking about a really small company by the way if you want to know more about BAC man's portfolio I have here the presentation uh from February 2025 you have 75 slides I went through them but I don't have the time in this video where he explains the strategy the returns Etc and if you scroll down if you scroll down a little bit let me check let me check you have the Investments investment pH for the companies he owns he owns so that's basically it you have you have umg or H uh where am I where am I here umg okay I mean maybe they don't own the common shares this is the reason why it's not appearing in the in the dataa document you have Google you have Brookfield explanation you have qsr so the explanation why they own this company you have Chipotle they still believe in Chipotle you have Nike you have Hilton worldwide you have Howard huge Holdings and Canadian Pacific Kansas City Fanny May and Freddy Mack also not appearing on data Roma maybe they all hold uh not common shares but options derivative instruments and Uber so in the next data Roma document q1 2175 we will see ER we will see erber and how big of position that is maybe he will buy more as we are speaking maybe he will sell a little bit we will see and that's basically it so in case you want to know more about his investment thesis around these companies you can check the website of bacman persing square Holdings and you find this document so I hope this video was helpful I wish you a great day if you like this content I have an investing coaching program 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