Two of the most well-known figures whose trades are tracked by Wall Street are former Speaker of the House Nancy Pelosi (D-Calif.) and Pershing Square Capital Management CEO Bill Ackman. When it comes to stocks owned by the two figures, they have four in common, including three of the Magnificent 7 stocks.
Here’s a look at the four stocks that appear both in Ackman’s hedge fund and in the stock portfolio of Pelosi, which is managed by her husband, Paul Pelosi.
The 4 Shared Stocks
The Benzinga Government Trades page for Pelosi shows four stocks disclosed by the congresswoman in the past five years that have not been sold, and are also owned by Ackman’s hedge fund, according to data from 13FInfo.
Here are the four stocks owned by both Pelosi and Ackman:
Uber Technologies (NYSE:UBER): Pelosi disclosed Uber as one of the two newest positions in her investment portfolio. Pelosi’s husband bought 200 call options of Uber with an expiration date of March 19, 2027, and a strike price of $50. The transaction was completed on May 29, 2026.
Ackman disclosed owning 29,958,771 Uber shares at the end of the first quarter. The position is the third largest in the Pershing Square fund, which is tracked by Pershing Square USA (NYSE:PSUS), representing 16% of assets. Ackman cut the Uber position by around 1% in the first quarter.
Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL): Pelosi disclosed buying 50 call options of Alphabet Class A stock (GOOGL) on Jan. 14, 2025. The options were exercised earlier this year for 5,000 shares. The congresswoman also disclosed selling Alphabet Class A shares several times in 2022, reporting transactions valued at millions of dollars. Pelosi exercised Alphabet options back in 2022 and 2021, which means the congresswoman could own some common shares in the portfolio that were not sold alongside the current active call options.
Ackman disclosed owning 311,726 GOOG shares and 32,376 GOOGL shares in the Pershing Square fund at the end of the first quarter. Both positions were cut by 95% in the first quarter. Alphabet Class C shares were the ninth-largest position at 0.7% of assets in the quarter, with Class A shares the 11th-largest position at 0.1% of assets.
Amazon.com Inc (NASDAQ:AMZN): Pelosi disclosed buying 50 call options of Amazon.com on Jan. 14, 2025. Those options were exercised in January 2026 for 5,000 shares. Pelosi also previously disclosed buying 20 call options in Amazon back in December 2025. Those options have a strike price of $120 and an expiration date of Jan. 15, 2027.
Ackman disclosed owning 11,451,981 Amazon shares in the first quarter, representing 17% of the Pershing Square Capital Management portfolio and the second largest position. The e-commerce giant was a new purchase by Pershing Square in 2025 and Ackman has been adding to the position in recent quarters, with a 19% increase in the share count in the first quarter.
Microsoft Corp (NASDAQ:MSFT): Pelosi last traded Microsoft stock with a sale of 5,000 shares in July 2024. Before that, she disclosed exercising 50 call options for 5,000 shares in June 2023. Those transactions may have cancelled each other out, but Pelosi also exercised options for 25,000 shares back in 2021, likely giving her a large MSFT share position today.
Ackman announced Microsoft as a new purchase in the first quarter, when Pershing Square added 5,654,078 MSFT shares, worth around $2.09 billion at the end of March. The stock was around 15% of the company’s assets. Investors will be monitoring to see if Ackman increases his Microsoft position going forward.
Different Investing Styles
Pelosi’s husband has a history of buying call options that are in the money and have expiration dates of a year from the purchase date. He later exercised the options into common stock.
Investments are often made in the technology sector, favoring large-cap names.
Ackman is a value and activist investor, known for taking large stakes in companies with dominant positions in their sectors and for pushing for changes to unlock shareholder value.
Three of the four stocks Pelosi and Ackman have in common are members of the Magnificent 7 and among the most valuable companies in the world.
A recent purchase of Uber call options by Pelosi gives the two investors four stocks in common now and a new position outside the Magnificent Seven stocks.
This article was previously published by Benzinga and has been updated.
Image created using artificial intelligence via DALL-E.
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