저자: BillAckman · 외국인
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빌 애크먼의 포트폴리오 상위 10개 종목(Nike, Brookfield, Alphabet 등)을 소개하며 각 종목의 밸류에이션·재무지표·애널리스트 목표가를 설명. 대부분 과거 실적과 현재 밸류 평가이며 명확한 가격 방향 예측은 제한적. Nike는 GF Value 대비 저평가·애널 목표가 177% 상승 여지 언급, Universal Music은 역사적 밸류 대비 고평가 가능성 언급.
다듬은 글
Bill akman owns 12 stocks in his persing Square portfolio worth $10.4 billion in this video we're covering his top 10 biggest position starting with number 10 Nike Bill Amman just bought Nike last quarter and it's the smallest holding on our list coming in at $237 million Nike is the $116 billion Athletic Apparel giant trading just $7 above its 52 week low today eight super investors own Nike and five of them added to it in the last quarter Nike's been one of the top performing stocks in its history but they've actually trailed the market in the last decade some of this stems from fears that the company's growth has stalled indeed this is the case with their sales but their free cash flows and earnings are up in recent years and Nike still earns very high Returns on Capital potentially another good thing for shareholders is Nikes returned a lot of money to them they bought back shares in every year except 2020 and Nike is a dividend growth stock right now they pay a 1.92% dividend yield that they've grown 19 years in a row Nike grew their dividends by 8.8% last year alone and coupled with their BuyBacks have a 4.5% shareholder yield these growth fears and recent competitor success means that Nike trades well below its historical price to sales though this is still out ahead of their earnings or cash flows currently the market may look for Nike to rebound as a guru Focus value comes in at $114 per share which is $50 above their current stock price their current cash flows support a 177% upside and that that's the same Target price for analysts Bill Amman is a legendary value investor who founded puring Square Capital Management in 2003 he's known for working with managers Hands-On and sometimes being an activist investor to improve stock performance through puring Square focuses on long-term value oriented investing and employs a concentrated portfolio strategy amman's next stock at number nine is Brookfield Corporation the Canadian private Equity company this is also a new holding for Amman with a by last quarter currently this holding is worth $364 million Brookfield has an $80 billion market cap and it trades just $3 below its 52e highs amman's one of five Super investors holding Brookfield Josh teras off has 17 a half% of his portfolio invested and so does Chuck arrey who has 6.75% of his portfolio brookfield's numbers look somewhat similar to Nike in that they've grown but that growth has slowed more recently still they generate a lot of cash flow one thing to notice is the company's added a lot more debt especially in the last decade brookfield's had years where they've issued a lot of shares for Acquisitions but more recently they've also been buying back some shares they also pay a small modest dividend yield of 0.59% today a guru Focus value for the company only comes in at $435 per share that's down $10 or 20% from their current stock price and analysts have their Target price right at about their current stock price as well if you're enjoying the video and want to support the Channel be sure to click the first link in the description that'll take you to Global values affiliate interactive brokers just by clicking the link and researching their brokerage options you support the channel the eighth stock in amman's portfolio is alphabet the parent company of Google and YouTube this is a $675 million holding that Amman bought a lot of back when alphabet stock price was depressed in 2023 more recently in 2024 he modestly trimmed his holding alphabet is the single most own Super investor stock 33 of them own this and this is led by leeu and alter Rock Partners as percentages of their portfolios today alphabet is a $2.1 trillion business that trades $20 below its 52e high despite some bumps on the road alphabet's been a top performing stock in its history as a public company and in the last decade they have a strong net cash position earn high returns generate lots of free cash flow and have grown by a lot in the last 5 years on top of this they bought back shares in The Last 5 Years and in 2024 they started paying a dividend right now alphabet pays a 0.47% dividend yield compared to their big Tech peers alphabet seems to trade more in line with historical valuations Canadian Pacific Kansas City is stock number seven in amman's portfolio and it's been a long time holding this is currently valued at $1.2 billion and he added a lot to this company back in 2022 most recently again he slightly trimmed his holding in this one after the merger with Kansas City Southern Canadian Pacific Kansas City is a $72 billion railroading giant it trades in the middle of its 52e range just $9 above its lows Canadian Pacific Kansas City is owned by six Super investors in total and this is led by Amman who has the biggest position in the company followed closely by Chris hone this class one railroad merger was a huge deal back in 2021 the company issued a lot of shares and took on debt to make this happen since then their profits and cash flows haven't quite materialized and their Returns on Capital have suffered still it looks like the company's trading above its historical valuation based on their sales and profitability next at number six we have alphabet's class C shares the only difference from the other holding is their voting rights otherwise the company has the same economic rights this is a $1.3 billion holding for Amman and together alphabet makes up a $2 billion holding in his portfolio for the class C shares he's the third biggest super investor now onto stock number five that stock is Howard Hughes Holdings amman's the only super investor with this one with it making up 12% of his portfolio this may be the smallest company we look at on our list with just a $3.8 billion market cap today the stock trades $6 below its 52e highs Howard Hughes is a commercial real estate development company that's suffered in the last decade over this time their stock price has trended lower their numbers can be hard to make out but this is likely a mix of being an asset play and a turnaround story for acman today they trade favorably compared to their historical sales valuations but they're above their tangible book and projected free cash flow numbers restaurant Brands International or qsr is the fourth biggest stock in amman's portfolio at a $1.6 billion holding he bought a lot of the stock during the covid-19 pandemic but he sold more recently selling toward the end of 2023 and in the beginning of 2024 qsr owns four iconic brands in Tim Horton's Burger Kings popey's and firhouse subs today they're a $22 billion market cap and they trade just $4 above their 52e low Amman and Prem Wata are the only two super investors with a holding in the company and amman's is by far the biggest qsr has struggled to keep Pace with the market in the last decade while they've grown sales their margins are down and they're generating lower amounts of free cash flow and earnings in the past they had issued a lot of shares for Acquisitions and part of this lack of share issuance is why their Returns on Capital have increased not as well known restaurant Brands is actually a dividend growth stock right now they pay an above average Market beating 3.31% dividend deal that they increased by 4.6% last year and they've grown their dividends 9 years in a row a GF value for the company today sits at $85 per share which is $15 above their current stock price their cash flows however project the companies almost exactly fairly valued analysts are more bullish than this with a 19% upside and an $83 Target price Chipotle Mexican gorilla is one of amman's oldest Holdings and it's been one of his most successful right now his positions valued at $1.6 billion but he sold a lot of shares in five of the last six quarters a similar situation Chipotle is only owned by two super investors with amman's holding being by far the biggest the fast casual Mexican Food Giant is an 80 billion market cap that trades in between its 52 we high and low in the last decade this is one of the top performing stocks in the market even despite their food Health scares back in the mid 2010s their numbers show a lot of growth and they've earned High Returns on Capital in most of these years but this may not help at the higher valuations which are way ahead of all of their historical numbers their GF value today is $49 per share which is $7 or 15% lower than their current stock price analysts want to see the boom continue with a 10 half% upside from here amman's second biggest stock is the largest that we can see show up on his 13f this is Hilton worldwide Holdings Hilton is a $2 billion holding and again one of amman's oldest he originally had an average Buy price of $83 per share and now it's trading for more than $200 a share Hilton's the $58 billion hotel brand trading just $6 below its $52 we High altogether amman's the largest of the four super investors invested in Hilton it's 18 1.2% of his us listed assets and this is followed closely by Dennis Hong of Shaw spring partners with a 14.4% position Hilton stock has performed very well in the last decade even despite the sharp draw down in 2020 since then it's rebounded incredibly well today things are finally better than where they were at in 2019 it was a tough Journey for the company but they've generated very strong sales and cash flows in the last couple of years they didn't even need to take on a ton of debt to stay alive instead the company's been returning Capital to shareholders they've actively repurchased shares in two of the last three and six of the last 7 years and they even pay a slight dividend with just a 0.26% yield but despite that recent success it still looks like the company's trading well above their historical valuations this hasn't helped that it's taken them a few years to get back to their pre pandemic numbers the analysts watching this company who are usually bullish on the others have their Target price exactly at Hilton stock price today now do you know what the number one stock in Bill amman's portfolio is if you follow him closely you might but this is hidden from the majority as it doesn't show on his 13f and you have to read his shareholder report to find this out universal music group is the $5.3 billion holding that makes up a whopping onethird of Bill amman's portfolio the stock is listed in the Netherlands and is currently trading for €3 a share that's $3 above its 52e low and $5 below its 52 2 week high Amman owns their European listed shares and seoa fund is the only other us super investor who owns shares listed in the United States with that making up 5.4% of their portfolio Universal Music is the largest of the world's three major record companies it includes notable names like inner scope Capital music mtown Records and Def Jam and it produces some of the most successful artists in the world today including Taylor Swift Drake the weekend and Morgan Wallen they've only been listed since 2021 and since then they're down 62% this is perhaps a wonderful royalty company that's steadily grown their sales earnings and cash flows they've even reduced debt pretty dramatically since being listed and while this debt has been expensive they do earn above average Returns on Capital in most years still despite their strong growth in business model Universal Music may be trading way ahead of their historical valuations now these are the top 10 stocks Bill Amman owns in his portfolio which of them are you the most interested in let me know in the comments below be sure to like and share the video If you enjoyed subscribe to the channel for more and have a great day
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