- Hilton Announces Pricing of Senior Notes Offering
May 7, 2026
MCLEAN, Va., May 07, 2026--(BUSINESS WIRE)--Hilton Worldwide Holdings Inc. (NYSE: HLT) ("Hilton") announced today that its indirect subsidiary Hilton Domestic Operating Company Inc. (the "Issuer") successfully finalized the terms of the Issuer’s offering of $1 billion aggregate principal amount of 5.500% Senior Notes due 2031 (the "Notes"). The Issuer anticipates that consummation of the offering will occur on May 11, 2026, subject to customary closing conditions, and intends to use the net proceeds of the offering to repay $450 million of borrowings under the Issuer’s senior secured revolving credit facility, and the remainder for general corporate purposes.
The Notes offered have not been and will not be registered under the Securities Act of 1933, as amended (the "Securities Act"), or any state securities laws. The Notes may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state securities laws. The Notes were offered by the initial purchasers only to persons reasonably believed to be "qualified institutional buyers" in reliance on the exemption from registration provided by Rule 144A under the Securities Act and to certain non-U.S. persons in offshore transactions in reliance on Regulation S under the Securities Act.
This press release is being issued pursuant to and in accordance with Rule 135c under the Securities Act, and it is neither an offer to sell nor a solicitation of an offer to buy any securities and shall not constitute an offer to sell or a solicitation of an offer to buy, or a sale of, the Notes or any other securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements include, but are not limited to, statements related to Hilton’s expectations regarding the performance of its business, future financial results, liquidity and capital resources and other non-historical statements. In some cases, you can identify these forward-looking statements by the use of words such as "outlook," "believes," "expects," "forecasts," "potential," "continues," "may," "will," "should," "could," "seeks," "projects," "predicts," "intends," "plans," "estimates," "anticipates" or the negative version of these words or other comparable words. Such forward-looking statements are subject to various risks and uncertainties including, among others, risks inherent to the hospitality industry; macroeconomic factors beyond Hilton’s control, such as inflation, changes in interest rates, challenges due to labor shortages or disputes and supply chain disruptions; the loss of key senior management personnel; competition for hotel guests and management and franchise contracts; risks related to doing business with third-party hotel owners; performance of Hilton’s information technology systems; growth of reservation channels outside of Hilton’s system; risks of doing business outside of the U.S.; risks associated with geopolitical conflicts, including Iran; uncertainty resulting from U.S. and global political trends, tariffs and other policies, including potential barriers to travel, trade and immigration and other geopolitical events; and Hilton’s indebtedness. Additional factors that could cause Hilton’s results to differ materially from those described in the forward-looking statements can be found under the section entitled "Part I—Item 1A. Risk Factors" of Hilton’s Annual Report on Form 10-K for the fiscal year ended December 31, 2025, which is filed with the Securities and Exchange Commission (the "SEC") and is accessible on the SEC’s website at www.sec.gov. Such factors may be updated from time to time in our periodic filings with the SEC. Accordingly, there are or will be important factors that could cause actual outcomes or results to differ materially from those indicated in these statements. These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements that are included in this press release and in Hilton’s filings with the SEC. Hilton undertakes no obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise, except as required by law.
Story Continues
View source version on businesswire.com: https://www.businesswire.com/news/home/20260507438242/en/
Contacts
Investor Contact
Charlie Ruehr
+1 703 883 1000
Media Contact
Kent Landers
+1 703 883 3246
View Comments
- Hilton Announces Pricing of Senior Notes Offering
May 7, 2026 · businesswire.com
MCLEAN, Va.--(BUSINESS WIRE)--Hilton Worldwide Holdings Inc. (NYSE: HLT) (“Hilton”) announced today that its indirect subsidiary Hilton Domestic Operating Company Inc. (the “Issuer”) successfully finalized the terms of the Issuer's offering of $1 billion aggregate principal amount of 5.500% Senior Notes due 2031 (the “Notes”). The Issuer anticipates that consummation of the offering will occur on May 11, 2026, subject to customary closing conditions, and intends to use the net proceeds of the o.
- HILTON ANNOUNCES PRICING OF SENIOR NOTES OFFERING
May 7, 2026
MCLEAN, VA.--(BUSINESS WIRE)--HILTON WORLDWIDE HOLDINGS INC. (NYSE: HLT) (“HILTON”) ANNOUNCED TODAY THAT ITS INDIRECT SUBSIDIARY HILTON DOMESTIC OPERATING COMPANY INC. (THE “ISSUER”) SUCCESSFULLY FINALIZED THE TERMS OF THE ISSUER'S OFFERING OF $1 BILLION AGGREGATE PRINCIPAL AMOUNT OF 5.500% SENIOR NOTES DUE 2031 (THE “NOTES”). THE ISSUER ANTICIPATES THAT CONSUMMATION OF THE OFFERING WILL OCCUR ON MAY 11, 2026, SUBJECT TO CUSTOMARY CLOSING CONDITIONS, AND INTENDS TO USE THE NET PROCEEDS OF THE O.
- At US$322, Is Hilton Worldwide Holdings Inc. (NYSE:HLT) Worth Looking At Closely?
May 7, 2026
Hilton Worldwide Holdings Inc. (NYSE:HLT) saw a decent share price growth of 10% on the NYSE over the last few months. The company is inching closer to its yearly highs following the recent share price climb. With many analysts covering the large-cap stock, we may expect any price-sensitive announcements have already been factored into the stock’s share price. But what if there is still an opportunity to buy? Let’s take a look at Hilton Worldwide Holdings’s outlook and value based on the most recent financial data to see if the opportunity still exists.
AI is about to change healthcare. These 20 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10bn in marketcap - there is still time to get in early.
Is Hilton Worldwide Holdings Still Cheap?
Hilton Worldwide Holdings is currently expensive based on our price multiple model, where we look at the company's price-to-earnings ratio in comparison to the industry average. In this instance, we’ve used the price-to-earnings (PE) ratio given that there is not enough information to reliably forecast the stock’s cash flows. We find that Hilton Worldwide Holdings’s ratio of 47.47x is above its peer average of 20.58x, which suggests the stock is trading at a higher price compared to the Hospitality industry. If you like the stock, you may want to keep an eye out for a potential price decline in the future. Since Hilton Worldwide Holdings’s share price is quite volatile, this could mean it can sink lower (or rise even further) in the future, giving us another chance to invest. This is based on its high beta, which is a good indicator for how much the stock moves relative to the rest of the market.
Check out our latest analysis for Hilton Worldwide Holdings
What does the future of Hilton Worldwide Holdings look like?NYSE:HLT Earnings and Revenue Growth May 7th 2026
Future outlook is an important aspect when you’re looking at buying a stock, especially if you are an investor looking for growth in your portfolio. Although value investors would argue that it’s the intrinsic value relative to the price that matter the most, a more compelling investment thesis would be high growth potential at a cheap price. With profit expected to grow by 69% over the next couple of years, the future seems bright for Hilton Worldwide Holdings. It looks like higher cash flow is on the cards for the stock, which should feed into a higher share valuation.
What This Means For You
Are you a shareholder? HLT’s optimistic future growth appears to have been factored into the current share price, with shares trading above industry price multiples. However, this brings up another question – is now the right time to sell? If you believe HLT should trade below its current price, selling high and buying it back up again when its price falls towards the industry PE ratio can be profitable. But before you make this decision, take a look at whether its fundamentals have changed.
Story Continues
Are you a potential investor? If you’ve been keeping tabs on HLT for some time, now may not be the best time to enter into the stock. The price has surpassed its industry peers, which means it is likely that there is no more upside from mispricing. However, the optimistic prospect is encouraging for HLT, which means it’s worth diving deeper into other factors in order to take advantage of the next price drop.
With this in mind, we wouldn't consider investing in a stock unless we had a thorough understanding of the risks. For example, Hilton Worldwide Holdings has 2 warning signs (and 1 which is potentially serious) we think you should know about.
If you are no longer interested in Hilton Worldwide Holdings, you can use our free platform to see our list of over 50 other stocks with a high growth potential.
Have feedback on this article? Concerned about the content?Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
View Comments
- Hilton Announces Launch of Senior Notes Offering
May 7, 2026
MCLEAN, Va., May 07, 2026--(BUSINESS WIRE)--Hilton Worldwide Holdings Inc. (NYSE: HLT) ("Hilton") announced today that its indirect subsidiary Hilton Domestic Operating Company Inc. (the "Issuer") intends to offer $1 billion aggregate principal amount of the Issuer’s Senior Notes due 2031 (the "Notes"). The Issuer intends to use the net proceeds of the offering to repay $450 million of borrowings under the Issuer’s senior secured revolving credit facility, and the remainder for general corporate purposes.
The Notes to be offered have not been and will not be registered under the Securities Act of 1933, as amended (the "Securities Act"), or any state securities laws. The Notes may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state securities laws. The Notes will be offered by the initial purchasers only to persons reasonably believed to be "qualified institutional buyers" in reliance on the exemption from registration provided by Rule 144A under the Securities Act and to certain non-U.S. persons in offshore transactions in reliance on Regulation S under the Securities Act.
This press release is being issued pursuant to and in accordance with Rule 135c under the Securities Act, and it is neither an offer to sell nor a solicitation of an offer to buy any securities and shall not constitute an offer to sell or a solicitation of an offer to buy, or a sale of, the Notes or any other securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements include, but are not limited to, statements related to Hilton’s expectations regarding the performance of its business, future financial results, liquidity and capital resources and other non-historical statements. In some cases, you can identify these forward-looking statements by the use of words such as "outlook," "believes," "expects," "forecasts," "potential," "continues," "may," "will," "should," "could," "seeks," "projects," "predicts," "intends," "plans," "estimates," "anticipates" or the negative version of these words or other comparable words. Such forward-looking statements are subject to various risks and uncertainties including, among others, risks inherent to the hospitality industry; macroeconomic factors beyond Hilton’s control, such as inflation, changes in interest rates, challenges due to labor shortages or disputes and supply chain disruptions; the loss of key senior management personnel; competition for hotel guests and management and franchise contracts; risks related to doing business with third-party hotel owners; performance of Hilton’s information technology systems; growth of reservation channels outside of Hilton’s system; risks of doing business outside of the U.S.; risks associated with geopolitical conflicts, including Iran; uncertainty resulting from U.S. and global political trends, tariffs and other policies, including potential barriers to travel, trade and immigration and other geopolitical events; and Hilton’s indebtedness. Additional factors that could cause Hilton’s results to differ materially from those described in the forward-looking statements can be found under the section entitled "Part I—Item 1A. Risk Factors" of Hilton’s Annual Report on Form 10-K for the fiscal year ended December 31, 2025, which is filed with the Securities and Exchange Commission (the "SEC") and is accessible on the SEC’s website at www.sec.gov. Such factors may be updated from time to time in our periodic filings with the SEC. Accordingly, there are or will be important factors that could cause actual outcomes or results to differ materially from those indicated in these statements. These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements that are included in this press release and in Hilton’s filings with the SEC. Hilton undertakes no obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise, except as required by law.
Story Continues
View source version on businesswire.com: https://www.businesswire.com/news/home/20260506424589/en/
Contacts
Investor Contact
Charlie Ruehr
+1 703 883 1000
Media Contact
Kent Landers
+1 703 883 3246
View Comments
- Hilton Announces Launch of Senior Notes Offering
May 7, 2026 · businesswire.com
MCLEAN, Va.--(BUSINESS WIRE)--Hilton Worldwide Holdings Inc. (NYSE: HLT) (“Hilton”) announced today that its indirect subsidiary Hilton Domestic Operating Company Inc. (the “Issuer”) intends to offer $1 billion aggregate principal amount of the Issuer's Senior Notes due 2031 (the “Notes”). The Issuer intends to use the net proceeds of the offering to repay $450 million of borrowings under the Issuer's senior secured revolving credit facility, and the remainder for general corporate purposes. Th.
- HILTON ANNOUNCES LAUNCH OF SENIOR NOTES OFFERING
May 7, 2026
MCLEAN, VA.--(BUSINESS WIRE)--HILTON WORLDWIDE HOLDINGS INC. (NYSE: HLT) (“HILTON”) ANNOUNCED TODAY THAT ITS INDIRECT SUBSIDIARY HILTON DOMESTIC OPERATING COMPANY INC. (THE “ISSUER”) INTENDS TO OFFER $1 BILLION AGGREGATE PRINCIPAL AMOUNT OF THE ISSUER'S SENIOR NOTES DUE 2031 (THE “NOTES”). THE ISSUER INTENDS TO USE THE NET PROCEEDS OF THE OFFERING TO REPAY $450 MILLION OF BORROWINGS UNDER THE ISSUER'S SENIOR SECURED REVOLVING CREDIT FACILITY, AND THE REMAINDER FOR GENERAL CORPORATE PURPOSES. TH.
- 1 S&P 500 Stock to Own for Decades and 2 We Avoid
May 5, 2026
While the S&P 500 (^GSPC) includes industry leaders, not every stock in the index is a winner. Some companies are past their prime, weighed down by poor execution, weak financials, or structural headwinds.
Even among blue-chip stocks, not all investments are created equal - which is why we built StockStory to help you navigate the market. Keeping that in mind, here is one S&P 500 stock that could deliver good returns and two best left off your watchlist.
Two Stocks to Sell:
Hilton (HLT)
Market Cap: $72.53 billion
Founded in 1919, Hilton Worldwide (NYSE:HLT) is a global hospitality company with a portfolio of hotel brands.
Why Do We Think HLT Will Underperform?
Revenue per room has disappointed over the past two years due to weaker trends in its daily rates and occupancy levels Subpar operating margin of 22.1% constrains its ability to invest in process improvements or effectively respond to new competitive threats Free cash flow margin is not anticipated to grow over the next year
Hilton’s stock price of $318.42 implies a valuation ratio of 35.2x forward P/E. Read our free research report to see why you should think twice about including HLT in your portfolio, it’s free.
Gilead Sciences (GILD)
Market Cap: $163.4 billion
From its groundbreaking work in developing the first single-tablet regimens for HIV treatment, Gilead Sciences (NASDAQ:GILD) develops and markets innovative medicines for life-threatening diseases including HIV, viral hepatitis, COVID-19, and cancer.
Why Are We Wary of GILD?
The company has faced growth challenges as its 3.6% annual revenue increases over the last five years fell short of other healthcare companies Free cash flow margin shrank by 7.5 percentage points over the last five years, suggesting the company is consuming more capital to stay competitive Diminishing returns on capital suggest its earlier profit pools are drying up
Gilead Sciences is trading at $132.70 per share, or 15.3x forward P/E. Check out our free in-depth research report to learn more about why GILD doesn’t pass our bar.
One Stock to Buy:
Quanta (PWR)
Market Cap: $111.4 billion
A construction engineering services company, Quanta (NYSE:PWR) provides infrastructure solutions to a variety of sectors, including energy and communications.
Why Will PWR Outperform?
Average backlog growth of 21.2% over the past two years shows it has a steady sales pipeline that will drive future orders Market share will likely rise over the next 12 months as its expected revenue growth of 18.7% is robust Earnings growth has massively outpaced its peers over the last two years as its EPS has compounded at 26% annually
Story Continues
At $743.60 per share, Quanta trades at 51.2x forward P/E. Is now the right time to buy? Find out in our full research report, it’s free.
Stocks We Like Even More
ONE MORE THING: Top 5 Growth Stocks. The biggest stock winners almost always had one thing in common before they ran. Revenue growing like crazy. Meta. CrowdStrike. Broadcom. Our AI flagged all three. They returned 315%, 314%, and 455%, respectively.
Find out which 5 stocks it's flagging for this month - FREE. Get Our Top 5 Growth Stocks for Free HERE.
Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,326% between June 2020 and June 2025) as well as under-the-radar businesses like the once-small-cap company Comfort Systems (+782% five-year return). Find your next big winner with StockStory today.
View Comments
- Reddit Upgraded, Spotify Downgraded: Updated Rankings on Top Blue-Chip Stocks
May 4, 2026
During these busy times, it pays to stay on top of the latest profit opportunities. And today’s blog post should be a great place to start. After taking a close look at the latest data on institutional buying pressure and each company’s fundamental health, I decided to revise my Stock Grader recommendations for 123 big blue chips. Chances are that you have at least one of these stocks in your portfolio, so you may want to give this list a skim and act accordingly.
This Week’s Ratings Changes:
Upgraded: Strong to Very Strong
Symbol Company Name Quantitative Grade Fundamental Grade Total Grade AM Antero Midstream Corp. A C A DAR Darling Ingredients Inc A B A ET Energy Transfer LP A C A ETR Entergy Corporation A C A FTAI FTAI Aviation Ltd. A C A GOOGL Alphabet Inc. Class A A B A IMO Imperial Oil Limited A C A PAA Plains All American Pipeline, L.P. A C A POWL Powell Industries, Inc. A B A RIO Rio Tinto plc Sponsored ADR A C A SANM Sanmina Corporation A B A TEVA Teva Pharmaceutical Industries Limited Sponsored ADR A B A TTE TotalEnergies SE A B A VTR Ventas, Inc. A C A
Downgraded: Very Strong to Strong
Symbol Company Name Quantitative Grade Fundamental Grade Total Grade AEM Agnico Eagle Mines Limited A B B APG APi Group Corporation A C B ATI ATI Inc. A B B AU Anglogold Ashanti PLC A C B EQT EQT Corporation B B B KLAC KLA Corporation A C B RGC Regencell Bioscience Holdings Ltd. A C B VIV Telefonica Brasil SA Sponsored ADR A B B WPM Wheaton Precious Metals Corp B B B
Upgraded: Neutral to Strong
Symbol Company Name Quantitative Grade Fundamental Grade Total Grade BEN Franklin Resources, Inc. B B B DDOG Datadog, Inc. Class A B C B FMX Fomento Economico Mexicano SAB de CV Sponsored ADR Class B B B B GD General Dynamics Corporation B C B ILMN Illumina, Inc. B C B LIN Linde plc B C B LLY Eli Lilly and Company C B B LMT Lockheed Martin Corporation B C B NTRA Natera, Inc. B C B O Realty Income Corporation B C B PKX POSCO Holdings Inc. Sponsored ADR B C B RDDT Reddit, Inc. Class A C B B ROKU Roku, Inc. Class A B B B TFII TFI International Inc. B C B TXT Textron Inc. B C B
Downgraded: Strong to Neutral
Symbol Company Name Quantitative Grade Fundamental Grade Total Grade AWK American Water Works Company, Inc. B D C BALL Ball Corporation C C C BCH Banco de Chile Sponsored ADR B C C BIP Brookfield Infrastructure Partners L.P. B D C BSBR Banco Santander (Brasil) S.A. Sponsored ADR C B C CEG Constellation Energy Corporation B D C CHT Chunghwa Telecom Co., Ltd Sponsored ADR C C C CINF Cincinnati Financial Corporation C B C CVNA Carvana Co. Class A C B C DLR Digital Realty Trust, Inc. C B C DLTR Dollar Tree, Inc. C B C DOV Dover Corporation C C C EXC Exelon Corporation B C C FUTU Futu Holdings Ltd. Sponsored ADR Class A C B C HLT Hilton Worldwide Holdings Inc. B C C IHG InterContinental Hotels Group PLC Sponsored ADR C C C KNX Knight-Swift Transportation Holdings Inc. Class A B D C MAR Marriott International, Inc. Class A B D C ONTO Onto Innovation, Inc. B D C REGN Regeneron Pharmaceuticals, Inc. C C C RGLD Royal Gold, Inc. B C C SPG Simon Property Group, Inc. C B C TRV Travelers Companies, Inc. C B C WM Waste Management, Inc. C C C
Upgraded: Weak to Neutral
Symbol Company Name Quantitative Grade Fundamental Grade Total Grade AFRM Affirm Holdings, Inc. Class A D B C AXP American Express Company D C C BLK BlackRock, Inc. D C C CNC Centene Corporation C B C EG Everest Group, Ltd. D C C F Ford Motor Company D B C IEX IDEX Corporation C C C MDLZ Mondelez International, Inc. Class A D C C OMC Omnicom Group Inc C C C PAG Penske Automotive Group, Inc. C C C PSA Public Storage D C C PSKY Paramount Skydance Corporation Class B C D C PSO Pearson PLC Sponsored ADR D C C QCOM QUALCOMM Incorporated C B C RCL Royal Caribbean Group D C C SBUX Starbucks Corporation C B C TROW T. Rowe Price Group, Inc. C C C UL Unilever PLC Sponsored ADR D C C UNH UnitedHealth Group Incorporated C C C UNM Unum Group D C C XYZ Block, Inc. Class A C C C
Downgraded: Neutral to Weak
Symbol Company Name Quantitative Grade Fundamental Grade Total Grade ALLE Allegion Public Limited Company D C D APTV Aptiv PLC D C D DB Deutsche Bank Aktiengesellschaft D C D DHI D.R. Horton, Inc. D C D ECL Ecolab Inc. D C D FTV Fortive Corp. D C D HBAN Huntington Bancshares Incorporated D C D HLN Haleon PLC Sponsored ADR D C D HOOD Robinhood Markets, Inc. Class A D C D ICE Intercontinental Exchange, Inc. D B D MSCI MSCI Inc. Class A D C D PFGC Performance Food Group Co D C D PHG Koninklijke Philips N.V. Sponsored ADR D B D PHM PulteGroup, Inc. D D D SPOT Spotify Technology SA F B D SUI Sun Communities, Inc. D D D VRTX Vertex Pharmaceuticals Incorporated D C D WY Weyerhaeuser Company D B D
Upgraded: Very Weak to Weak
Symbol Company Name Quantitative Grade Fundamental Grade Total Grade AVB AvalonBay Communities, Inc. F C D CRBG Corebridge Financial, Inc. F C D CSGP CoStar Group, Inc. F B D DEO Diageo plc Sponsored ADR F C D FICO Fair Isaac Corporation F C D KHC Kraft Heinz Company F D D PAYX Paychex, Inc. F C D TEAM Atlassian Corp Class A F B D
Downgraded: Weak to Very Weak
Symbol Company Name Quantitative Grade Fundamental Grade Total Grade BR Broadridge Financial Solutions, Inc. F C F CDW CDW Corporation F C F CHKP Check Point Software Technologies Ltd. F C F CTSH Cognizant Technology Solutions Corporation Class A F C F EQR Equity Residential F D F GDDY GoDaddy, Inc. Class A F C F GPN Global Payments Inc. F D F HD Home Depot, Inc. F C F MKL Markel Group Inc. F D F NOW ServiceNow, Inc. F C F NVR NVR, Inc. F D F PGR Progressive Corporation F C F SYK Stryker Corporation F C F UBER Uber Technologies, Inc. F C F
To stay on top of my latest stock ratings, plug your holdings into Stock Grader, my proprietary stock screening tool. But, you must be a subscriber to one of my premium services.
Story Continues
To learn more about my premium service, Growth Investor, and get my latest picks, go here. Or, if you are a member of one of my premium services, you can go here to get started.
InvestorPlace - Stock Market News, Stock Advice & Trading Tips
Sincerely,An image of a cursive signature in black text.
Louis Navellier
Editor, Market 360
The post Reddit Upgraded, Spotify Downgraded: Updated Rankings on Top Blue-Chip Stocks appeared first on InvestorPlace.
View Comments
- Billionaire Bill Ackman’s new IPO lands with a thud
May 3, 2026
Billionaire investor Bill Ackman’s newly launched U.S.-listed investment vehicle stumbled on its market debut.
On April 29, its first day of trading, the closed-end fund Pershing Square USA Ltd. (PSUS) closed at $40.90, down 18% and well below its IPO price of $50. Earlier indications suggested a range between $42.5 and $47.5, according to Reuters.
They traded up more than 4% on Thursday at $42.71, still below the IPO price.
The asset manager, Pershing Square Inc. (PS), closed at $24.2 on April 29 and rose 15% to close at $28 on April 30.
What is Pershing Square, and what did its IPO offer investors?
Pershing Square USA is a closed-end investment company managed by Pershing Square Capital Management, which is owned by Pershing Square Inc.
To attract demand, Ackman structured the IPO with an added incentive. Participating investors received one share of Pershing Square Inc. for every five PSUS shares purchased, at no additional cost. But the perk did little to prevent a weak open.
Ackman said the company favors retail investors, but also attributed the IPO stumble to them.
"Retail investors don't know how to invest in IPOs," he said on a call on April 30, Reuters reported.Bill Ackman has repeatedly said he wants to run a fund similar to Warren Buffett’s Berkshire Hathaway.Getty Images
What stocks does Bill Ackman buy?
Ackman has repeatedly said he wants to run a fund similar to Warren Buffett’s Berkshire Hathaway.
His disclosed holdings show a highly concentrated portfolio, with 11 stocks spanning tech, consumer, and real estate, according to Whale Wisdom's data based on 13F filings.
“Hedge funds are sort of known for managing money for rich people. And now we have the opportunity for someone with $50, could be a long-term shareholder,” Ackman told CNBC on April 29.
Related: Cathie Wood buys $14.1 million of megacap tech stock
As of the Q4 2025 filing, Pershing Square Capital Management's top positions include:
Brookfield Corp. (BN) 18.15% Uber Technologies (UBER) 15.90% Amazon (AMZN) 14.28% Alphabet (GOOG) 12.46% Meta Platforms (META) 11.37% Restaurant Brands International (QSR) 10.05% Howard Hughes Holdings (HHH) 9.69% Hilton Worldwide Holdings (HLT) 5.60%
Smaller positions include Seaport Entertainment Group and Hertz Global Holdings, each making up less than 1% of the portfolio.
In the fourth quarter of 2025, Ackman reshuffled his tech holdings, adding 2,673,569 shares of Meta Platforms and 3,784,508 shares of Amazon, while cutting his stake in Alphabet by a combined 4,325,836 shares across its two share classes.
Ackman has fully exited Chipotle Mexican Grill (CMG), one of his long-term investments.
The portfolio has not changed dramatically in recent quarters as Ackman tends to follow Buffett's strategy, holding positions for years rather than trading in and out.
Story Continues
Related: BofA resets Google stock price target after earnings smasher
This story was originally published by TheStreet on May 3, 2026, where it first appeared in the Investing section. Add TheStreet as a Preferred Source by clicking here.
View Comments
