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.

We just covered the 10 Best Long-Term Stocks to Buy According to Bill Ackman and Howard Hughes Holdings Inc. (NYSE:HHH) ranks 7th on this list.

Howard Hughes Holdings Inc. (NYSE:HHH) first appeared in the 13F portfolio of Pershing Square in the third quarter of 2023. Back then, this position comprised 17.6 million shares. In the fourth quarter of 2023, the hedge fund added more than 12% to this holding, growing it to over 19.7 million shares. A 4% reduction in this stake was made in the third quarter of 2024. In the five quarters since then, no buying or selling activity has been registered against this holding by the hedge fund. The company develops master planned communities in the United States. It acquires or develops retail, office, and multifamily properties.

READ ALSO: D. E. Shaw Stock Portfolio: Top 10 Stocks to Buy.

Stocks

Howard Hughes Holdings Inc. (NYSE:HHH) is no longer just a real estate developer. It is using its massive cash flow from land sales to acquire controlling interests in high-quality, durable growth businesses, mirroring the strategy of Warren Buffett’s Berkshire Hathaway. The company owns a unique portfolio of trophy MPCs, including Summerlin in Las Vegas and The Woodlands in Houston. These assets have seen their Gross Asset Value (GAV) rise to $4.8 billion, even as the firm sold off thousands of acres. Elite investors view the remaining land as a finite resource that increases in value as supply in these high-growth regions tightens.

While we acknowledge the potential of HHH 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.

READ NEXT: Israel Englander Stock Portfolio: Top 10 Stock Picks and Billionaire Stan Druckenmiller’s 10 Small and Mid-Cap Stock Picks with Huge Upside Potential.

Disclosure: None. Follow Insider Monkey on Google News.