Shares of Fannie Mae rose more than 30% in trading on March 30, 2026, following a series of optimistic comments from renowned investor Bill Ackman. Ackman, who is the founder of Pershing Square Capital Management, described Fannie Mae as “stupidly cheap” and suggested that the stock could potentially rise ten-fold from its current levels.
This surge comes at a time when both Fannie Mae and its counterpart, Freddie Mac, had seen their shares decline by approximately 40% in 2026 prior to Ackman’s remarks. The downturn had raised concerns among investors about the future of these government-sponsored enterprises, which play a crucial role in the U.S. housing market.
Fannie Mae, officially known as the Federal National Mortgage Association, and Freddie Mac, or the Federal Home Loan Mortgage Corporation, were both subjected to significant scrutiny and challenges following the financial crisis of 2008. Their treatment by the U.S. government has been a contentious issue, impacting investor confidence.
In December 2025, investor Michael Burry disclosed a sizable stake in both Fannie Mae and Freddie Mac, indicating a growing interest in these stocks among notable investors. Burry’s endorsement of Ackman’s views, stating he “Agree with Bill Ackman/Pershing Square,” further fueled optimism in the market.
Ackman made his comments on the social media platform X, where he has frequently shared his investment insights and strategies. His bold predictions have historically influenced stock movements, and this instance appears to be no exception.
As the market digests these developments, observers are keenly watching how Fannie Mae’s stock will perform in the coming weeks. The significant increase in share price raises questions about the sustainability of this rally and whether it reflects a genuine turnaround for the company.
Details remain unconfirmed regarding the long-term implications of Ackman’s statements and the broader market reaction to Fannie Mae’s financial health. Investors are advised to remain cautious as they navigate these turbulent waters.
