Bill Ackman Says His $300 Billion Fannie Mae, Freddie Mac Plan Remains The Best Idea For 2026

• The hedge fund manager said if the two enterprises launch an IPO in the fourth quarter of 2026, they would collectively have to raise about $30 billion to meet the 2.5% capital ratio requirement for GSEs.
• He termed this a “highly achievable outcome,” noting that he estimates each company's value at about $34 per share when they launch an IPO in 2026.
• Fannie Mae and Freddie Mac were placed into conservatorship in 2008 after mounting losses from the subprime mortgage crisis eroded their capital and threatened their solvency, prompting the U.S. government to step in to stabilize the housing finance system.

Billionaire hedge fund manager Bill Ackman on Wednesday said that his $300 billion plan to remove Fannie Mae (Federal National Mortgage Association) and Freddie Mac (Federal Home Loan Mortgage Corp.) from conservatorship remains his best idea for 2026.

“This was a good one,” Ackman said in a post on X, recalling his idea from a year ago.

Ackman had earlier said that the emergence of Fannie Mae and Freddie Mac from conservatorship would generate “more than $300 billion” in additional profit to the Federal government, on top of the $301 billion cash distributions made to the U.S. Treasury.

“Trump likes big deals and this would be the biggest deal in history. I am confident he will get it done,” Ackman added.

Retail sentiment regarding Fannie Mae trended in the ‘bearish’ territory on Stocktwits, while users were ‘neutral’ about Freddie Mac.

Ackman’s Proposal

The hedge fund manager said that, assuming the two government-sponsored enterprises (GSEs) launch an initial public offering (IPO) in the fourth quarter (Q4) of 2026, they would collectively need to raise about $30 billion to meet the GSEs' 2.5% capital ratio requirement.

He termed this a “highly achievable outcome,” noting that he estimates each company's value at about $34 per share when they launch an IPO in 2026.

“We calculate a profit to the gov’t of ~$300 billion assuming full exercise of its warrants and a sell down of common stock in both companies over the five years following the IPOs,” he added.

Fannie Mae, Freddie Mac Conservatorship

Fannie Mae and Freddie Mac were placed into conservatorship in 2008 after mounting losses from the subprime mortgage crisis eroded their capital and threatened their solvency, prompting the U.S. government to step in to stabilize the housing finance system.

Following this, the Federal Housing Finance Agency placed the two firms under conservatorship. In this arrangement, each enterprise’s management worked under the FHFA’s direction to reduce losses and develop a strategy to return to self-management.

In August, The Wall Street Journal reported that the Trump administration is planning to sell stock in the two companies this year, with the combined value of the two firms at nearly $500 billion.

Also See: Why Is INBS Stock Rising Today?

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