Bill Ackman, Neri Oxman, and the 2024 TASE Secondary
Pershing Square's Bill Ackman, alongside Neri Oxman, acquired a 4.9% stake in the Tel Aviv Stock Exchange (TASE) via the 2024 secondary offering. Inside the transaction, the structural significance for TASE foreign ownership, and the broader Ackman Israeli investment activity.
Bill Ackman, founder and CEO of Pershing Square Capital Management, and his spouse Neri Oxman acquired a 4.9% stake in the Tel Aviv Stock Exchange (TASE) through the 2024 TASE secondary offering. The transaction, alongside broader 2024 secondary offering activity, anchored a structural inflection in TASE foreign ownership patterns and coincided with the broader expansion of US institutional and individual UHNW investor exposure to Israeli public-market infrastructure.
The transaction has been covered extensively in Calcalist, Globes, Bloomberg, and Financial Times.
The transaction
Per TASE disclosures and Pershing Square public statements, the 2024 acquisition was structured through the TASE secondary offering as part of the broader public divestment by existing institutional shareholders. The 4.9% stake — sized to remain below the 5% threshold that triggers additional disclosure obligations under Israeli securities law — positioned Ackman as a meaningful non-controlling shareholder.
The transaction did not involve operational control or board seats; Pershing Square's position operates as a financial investment in TASE-as-listed-entity (TASE itself trades on TASE under the ticker TASE).
The strategic context
Bill Ackman's broader Israeli investment activity and public commentary through 2023-2026 have positioned the Israeli equity exposure as a substantial component of Pershing Square's broader investment thesis. Ackman's public commentary on Israel — including extensive social-media engagement on Israeli macro, regional security, and antisemitism issues — has been among the more visible elements of the post-October 7 Israeli capital-markets institutional commentary.
Neri Oxman, an Israeli-born designer, architect, and former MIT Media Lab professor, alongside Ackman represents one of the more visible US-Israeli UHNW couple positions covered in international media. The April 2026 reported NIS 70 million Rothschild 10 Tel Aviv real-estate transaction by Ackman operates alongside the TASE secondary as one of the more prominent Ackman Israeli capital deployments of the 2024-2026 period.
The TASE foreign-ownership trajectory
Per TASE disclosures, foreign institutional ownership of TASE-listed securities now exceeds 50% — a structural shift from historical Israeli-domestic concentration. The 2024 secondary offering, including the Ackman-Oxman acquisition, coincided with continued growth in foreign institutional participation through 2024-2026.
The broader foreign-ownership trajectory reflects several forces: the 2018 inclusion of Israel in the MSCI Developed Markets Index, foreign institutional interest in major TASE-35 positions, and the substantial Israeli public-equity universe expansion through the 2020-2025 IPO cycle.
The institutional pattern
Pershing Square's TASE secondary investment represents one element of a broader pattern of US institutional UHNW Israeli capital-markets exposure through 2023-2026. Several US billionaires and major US institutional investors have publicly disclosed expanded Israeli positions through the period.
The Ackman-Oxman position specifically has been notable for its visibility and the public-commentary dimension; most US institutional Israeli positions operate with substantially less public-commentary surface.
What 2026-2027 looks like
The Ackman-Oxman position remains in place as of Q2 2026 per the most recent disclosed reporting. Pershing Square's broader Israeli investment activity is publicly disclosed through quarterly 13F filings and Pershing Square investor communications.
The broader TASE foreign-ownership trajectory through 2026-2027 will indicate whether the post-2024 ownership shift stabilizes at current levels or continues toward higher foreign concentration.
Source data: TASE disclosures and 2024 secondary offering materials; Pershing Square Capital Management public statements and SEC filings; coverage in Calcalist, Globes, Bloomberg, Financial Times, Ynet. Data current as of Q2 2026.