India, Aug. 14 -- Billionaire investor Bill Ackman has added six new holdings to his investment portfolio, including Netflix, Visa, Mastercard, Alcon, Intercontinental Exchange and S&P Global, marking his biggest portfolio overhaul in several years.
Ackman said on Thursday that his investment funds began acquiring shares during the second quarter, including his newly listed Pershing Square USA fund. He said the companies were selected because he expects their earnings to grow strongly, which he considers a key driver of long-term investment value.
The additions come as Ackman's funds have faced a challenging year. Through July, Pershing Square USA was down 3.5 percent, while London-listed Pershing Square Holdings fell 9.2 percent, compare...