4 Stocks Bill Ackman and Jim Cramer Are Bullish On Fahad Saleem Fri, November 13, 2026 at 11:25 AM EST 10 min read AMZN -0.70% META +2.35% MSFT +0.25% V +1.56% Explore stocks on Coinbase Trading disclosure Trading disclosure The above button links to Coinbase. Yahoo Finance is not a broker-dealer or investment adviser and does not offer securities or cryptocurrencies for sale or facilitate trading. Coinbase pays us for certain activity generated through this link. Prices displayed are informational.
Bill Ackman and Jim Cramer are two of the most closely followed names on Wall Street. Cramer's stock picks already get plenty of coverage, and we just looked at five stocks he is bullish on. See the five picks here.
Ackman founded Pershing Square Capital Management in 2004. From 2004 through early 2026, the firm returned 15.9% a year after fees, compared with 10.7% a year for the S&P 500.
Ackman has been vocal about AI. In its Q3 2026 investor letter, Pershing Square said Wall Street worries too much about what big tech spends on AI and gives too little credit to the revenue and profit that spending could bring. Read the letter here. His portfolio also overlaps with Nancy Pelosi's trading disclosures, and we covered the two stocks they both own. Click to see the overlap.
In an interview with CNBC earlier this month, Ackman said he does not see a repeat of the Roaring 1920s in the stock market. Earnings expectations have risen meaningfully this year, and stock valuations look low compared with the market's growth, he said. He sees more froth in private venture markets, where fear of missing out drives deals, but said much of it is justified. He called AI a global race for superintelligence and said the United States cannot afford to finish second.
In a separate interview with the Milken Institute, Ackman said the impact of AI will be the story of 2026, 2027 and probably 2028. He said the cost of intelligence is falling and called intelligence the most valuable asset in the world. He believes the AI spending boom is sustainable because big tech companies have the cash and credit to raise capital, and because the return on computing power is well above the cost of capital. He worries more about pure-play neocloud companies, which he compared to highly leveraged real estate developers. He sees no repeat of the 1999 internet bubble because AI companies such as Anthropic run profitable, fast-growing businesses, he said.
Below are the eight stocks that appear in both Ackman's portfolio and Cramer's commentary, ranked by the number of hedge funds that hold them. You can click to read the expanded list of 8 Stocks Bill Ackman and Jim Cramer Are Bullish On.
To compile our list of the 8 best stocks to buy according to Bill Ackman and Jim Cramer, we read Pershing Square Holdings' third-quarter shareholder letter, released on November 2, 2026. We picked stocks that Pershing Square holds and that CNBC host Jim Cramer has been bullish on. This gave us eight companies.
We ranked the eight companies in ascending order by the number of hedge funds that held stakes in them at the end of the second quarter of 2026. The hedge fund count comes from Insider Monkey's database of 1,006 hedge funds.
For each company, we also cover Ackman's investment thesis and the value of Pershing Square Holdings' position as of September 30, 2026. These figures show the fund's reported economic exposure, which includes shares held directly and exposure through certain derivatives.
Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Insider Monkey's quarterly newsletter strategy selects 14 small-cap and large-cap stocks every quarter and has returned 612% since May 2014, beating its benchmark by 375 percentage points (see more details here).
You can click the image below to see the 4 stocks in our YouTube video.
Number of Hedge Fund Holders: 194
Visa Inc. (NYSE:V) is another payment company that Bill Ackman and Jim Cramer both support.
During a February 25, 2026, episode of Mad Money, Cramer answered a caller who was worried about Visa's share price and repeated his positive view of the company. He called Visa and Mastercard excellent growth businesses and said he slightly prefers Mastercard.
Cramer also said investors should consider buying these payment companies when market sentiment turns negative, because their stock prices fall out of favor from time to time even when their businesses stay strong.
Visa is also a common stock pick between Claude, Ackman and President Trump, as we covered earlier. Click to see why.
Ackman's Pershing Square Holdings reported approximately $644.5 million in economic exposure to Visa as of September 30, representing 4.9% of its net assets.
In his third-quarter letter, Ackman highlighted Visa's strong results. Organic revenue grew 12%, earnings per share rose 17% and value-added services revenue grew about 27%, all from the same quarter a year earlier. Higher payment volumes and continued growth in international transactions supported the results.
Ackman also addressed concerns that stablecoins and artificial intelligence could disrupt the traditional payments industry. Pershing Square sees these technologies as opportunities, because they could create more transactions for Visa.
Visa has expanded its stablecoin infrastructure offerings and introduced tools that let banks and financial technology companies issue and manage digital currencies. It has also built tools that let AI agents make secure transactions.
Ackman believes Visa's valuation of about 24 times forward earnings remains attractive. Pershing Square expects the company to benefit from continued double-digit revenue growth and mid-to-high-teens earnings growth over the coming years. ChatGPT also agrees with Ackman on Visa, and we looked at its reasons. Read the full analysis here.
Number of Hedge Fund Holders: 254
Meta Platforms, Inc. (NASDAQ:META) is among the artificial intelligence stocks that both Jim Cramer and Bill Ackman favor.
During an October 6 episode of Mad Money, Cramer named Meta and Microsoft as two of his preferred ways to invest in artificial intelligence. He argued that established technology companies with strong management teams and profitable existing businesses are better positioned to profit from AI than speculative companies whose future depends entirely on the technology.
Cramer expressed confidence in Meta CEO Mark Zuckerberg's ability to turn the company's AI investments into profitable new products and services.
Ackman's Pershing Square Holdings reported approximately $1.49 billion in economic exposure to Meta as of September 30, equivalent to 11.2% of the fund's net assets.
In his Q3 shareholder letter, Ackman highlighted Meta's improving advertising business. Meta's core advertising business grew revenue 26% in the third quarter from a year earlier, as AI-driven improvements in content recommendations and ad targeting lifted engagement and monetization.
Ackman also expressed optimism about Meta's newly launched Muse personal AI agent and Meta Enterprise Platform. He believes these products could create additional revenue opportunities beyond the company's core advertising business and help justify its large investment in computing infrastructure. Ackman points to Muse as Meta's new way to earn money, and we looked at whether the AI agent can really help the stock. Check the full analysis here.
Although Meta's valuation rose from 18 times to about 22 times forward earnings, Ackman still considers the stock undervalued.
Pershing Square expects Meta to generate annual earnings growth of 20% or more over the next several years, supported by its advertising business and emerging AI opportunities. Ackman first bought Meta after its third-quarter 2025 results, and we covered why he called the valuation cheap. Click to read the story.
Number of Hedge Fund Holders: 273
Microsoft Corporation (NASDAQ:MSFT) is one of the strongest areas of agreement between Jim Cramer and Bill Ackman.
During a recent Mad Money episode, Cramer named Microsoft as one of his preferred AI investments, citing its established business model, leadership and ability to make money from artificial intelligence through existing products.
Cramer has repeatedly highlighted Microsoft's enterprise customer relationships and growing adoption of AI products such as Copilot as advantages over smaller companies that are still trying to build profitable AI businesses.
Ackman's confidence in Microsoft shows in the size of Pershing Square Holdings' investment. As of September 30, 2026, the fund reported approximately $1.99 billion in economic exposure to Microsoft, making it the fund's largest position at 15% of net assets.
In his third-quarter letter, Ackman highlighted faster growth across Microsoft's cloud and productivity businesses. Microsoft 365 growth accelerated to 18%, and Azure growth accelerated to 48% in the most recent quarter. Growth in Azure's commercial backlog came entirely from enterprise customers, which gives better visibility into lasting demand.
Microsoft can sell new AI tools faster than most rivals because its software already runs inside almost every large company, and we laid out the full bull case. Read the bull case here.
Ackman also praised Microsoft's efforts to expand its AI capabilities through Copilot, its own AI models, custom Maia chips and new enterprise security products.
Microsoft shares rose sharply, and the stock's forward earnings multiple climbed from 19 times to about 25 times. Even so, Pershing Square maintained that the stock remained undervalued. Ackman expects Microsoft to generate high-teens annual earnings growth over the long term as AI adoption expands across its software and cloud businesses.
Cramer said a slowdown in data center construction could help established cloud companies, and Microsoft ranks second among the five stocks he is bullish on. Click to see his full list.
Number of Hedge Fund Holders: 369
Amazon.com, Inc. (NASDAQ:AMZN) tops our list of the best stocks to buy according to Bill Ackman and Jim Cramer.
Cramer recently recommended Amazon as a potential beneficiary of a slowdown in data center development. He argued that established cloud computing companies with extensive existing infrastructure could benefit as smaller competitors struggle with higher financing costs and delays in building new facilities.
Cramer also discussed the possibility of Amazon shares reaching $300, which would be nearly 10% above where they traded at the time.
Ackman's Pershing Square Holdings reported approximately $1.48 billion in economic exposure to Amazon as of September 30, accounting for 11.2% of its net assets.
Billionaire Stanley Druckenmiller's Duquesne Family Office raised its Amazon stake by 1,083% in the second quarter, and we looked at the risks from the company's AI spending. Check the full analysis here.
In his Q3 shareholder letter, Ackman highlighted faster growth at Amazon Web Services, where revenue growth accelerated to 39% in the third quarter from a year earlier, its fastest pace in nearly five years. He also praised Amazon's retail business, where paid units grew 12% from a year earlier, helped by rising e-commerce penetration and early adoption of agentic shopping.
Even with these results, Pershing Square believes investors put too much emphasis on Amazon's huge capital spending plans. The company expected to spend approximately $220 billion on capital expenditures in 2026, and management said it expects to spend meaningfully more in 2027.
Pershing Square believes Amazon remains undervalued and can compound earnings at an annual rate above 20% over the long term. Amazon also ranks second in President Trump and Nancy Pelosi's portfolio, and we covered what L1 Capital says about its AI spending and free cash flow. Read the full analysis here.
While we acknowledge the potential of AMZN as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
Click to continue reading and see the expanded list of the 8 Stocks Bill Ackman and Jim Cramer Are Bullish On.
This article is originally published at Insider Monkey.
