Billionaire Ackman Makes Major Investment in Howard Hughes Holdings to Create Modern Berkshire Hathaway

Written by Emily J. Thompson, Senior Investment Analyst

Source: Fool

Updated: Jan 13 2026

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HHH+2.5%

Should l Buy HHH?

Source: Fool

Strategic Investment: Billionaire Ackman's investment in Howard Hughes Holdings aims to expand the company's focus, with plans to transform it into a modern-day Berkshire Hathaway, reflecting confidence in the real estate market.
Market Reaction: Following Ackman's investment, Howard Hughes Holdings saw its stock price rise by 1.47% in the morning of January 9, 2026, indicating positive market expectations for its future development.
Business Transformation: This investment marks a significant shift for Howard Hughes Holdings towards a diversified business model, expected to drive innovation and growth in the real estate development sector.
Long-term Vision: Ackman's investment represents not just a capital infusion but also an endorsement of Howard Hughes Holdings' future strategic direction, potentially attracting more investor interest in the company.

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Analyst Views on HHH

Wall Street analysts forecast HHH stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for HHH is 96.33 USD with a low forecast of 89.00 USD and a high forecast of 105.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

3 Analyst Rating

2 Buy

1 Hold

0 Sell

Moderate Buy

Current: 80.040

Low

89.00

Averages

96.33

High

105.00

Current: 80.040

Low

89.00

Averages

96.33

High

105.00

JPMorgan

Neutral

maintain

$85 -> $89

2025-12-19

Reason

JPMorgan

Price Target

$85 -> $89

AI Analysis

2025-12-19

maintain

Neutral

Reason

JPMorgan raised the firm's price target on Howard Hughes to $89 from $85 and keeps a Neutral rating on the shares after the company announced an agreement to purchase Vantage Group. The firm updated the company's number excluding the deal.

Piper Sandler

Alexander Goldfarb

Overweight

maintain

$85 -> $95

2025-10-01

Reason

Piper Sandler

Alexander Goldfarb

Price Target

$85 -> $95

2025-10-01

maintain

Overweight

Reason

Piper Sandler analyst Alexander Goldfarb raised the firm's price target on Howard Hughes (HHH) to $95 from $85 and keeps an Overweight rating on the shares. At this year's shareholder meeting, Executive Chairman, Bill Ackman, announced the holding company may be near realizing its hunt for an insurance company, with potential around year-end, the firm says. Along with Ryan Israel, Chief Investment Officer, and David O'Reilly, Chief Executive Officer, Ackman discussed the importance of adding an insurance company as the first step in positioning Howard Hughes to be the next Berkshire Hathaway (BRK.A).

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About HHH

Howard Hughes Holdings Inc. owns, manages, and develops commercial, residential, and mixed-use real estate throughout the United States. The Company operates through three business segments: Operating Assets, master planned communities (MPCs), and Strategic Developments. In its Operating Assets segment, it owns a variety of asset types, including approximately 9.2 million square feet of retail and office properties, 5,587 wholly and partially owned multifamily units, and wholly and partially owned other properties and investments. Its assets in this segment are primarily located in and around Houston, Texas (The Woodlands and Bridgeland); Columbia, Maryland (Columbia); Las Vegas, Nevada (Summerlin), and Honolulu, Hawai‘i (Ward Village). In its MPC segment, it plans, develops, and manages small cities and large-scale, mixed-use communities in markets. The Strategic Developments segment consists of residential condominium and commercial property projects.

About the author

Emily J. Thompson

Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.

Howard Hughes Holdings Announces $1B Senior Notes Offering

2 days agoseekingalpha

Financing Plan: Howard Hughes Holdings announced a private placement offering of $1 billion in senior notes due in 2032 and 2034, aimed at optimizing its capital structure and enhancing financial flexibility.
Use of Proceeds: The net proceeds from this offering will be used to redeem the outstanding 5.375% senior notes due in 2028, including the payment of premiums, accrued and unpaid interest, and related redemption expenses, thereby reducing future interest burdens.
Corporate Strategy: By redeeming high-interest debt, Howard Hughes Holdings not only improves its financial position but also provides funding for future investments and expansions, further driving the company's transformation.
Market Reaction: This offering may attract positive attention from investors, especially against the backdrop of the company's ongoing transformation and acquisition of Vantage Group Holdings, which is expected to bolster market confidence in its long-term growth potential.

Howard Hughes Holdings Acquires Vantage Group for $2.1 Billion

Jan 25 2026Yahoo Finance

Acquisition Deal: Howard Hughes Holdings is acquiring specialty insurance firm Vantage Group for $2.1 billion, aiming to diversify beyond property development and transform into a diversified holding company similar to Berkshire Hathaway.
Financing Structure: The acquisition will be funded through cash and up to $1 billion in loans from billionaire Bill Ackman's hedge fund, Pershing Square, allowing for stock buybacks at a premium based on Vantage's book value over the next seven years.
Strategic Vision: Ackman stated that the company is following Berkshire Hathaway's successful playbook by starting with a core business and adding insurance to create a platform for long-term capital compounding, reflecting confidence in future growth.
Market Positioning: Howard Hughes Holdings focuses on developing and managing large-scale mixed-use communities and commercial real estate, with significant projects in Las Vegas, Houston, and Honolulu, aiming to create vibrant places with an emphasis on design and long-term community growth.

Portfolio Analysis: Overview of Top Five Stock Investments

Jan 14 2026Fool

Portfolio Overview: I own about 45 stocks in my portfolio, with some making up a significantly higher portion of my assets, indicating my confidence in specific companies and a long-term investment strategy.
Market Dynamics: As of the morning prices on January 9, 2026, stock prices reflect market volatility and investor sentiment, influencing my investment decisions and portfolio adjustments.
Investment Rationale: In the video, I provide brief comments on my largest investments, highlighting my views on each company and their future growth potential, aiming to help viewers understand my investment logic.
Video Release: The video was published on January 10, 2026, intended to share my investment thoughts and strategies with viewers, fostering discussion on personal portfolio management.