Bill Ackman

Bill Ackman

Last Update: 2015-02-17

Number of Stocks: 7
Number of New Stocks: 1

Total Value: $16,043 Mil
Q/Q Turnover: 20%

Countries: USA
Details: Top Buys | Top Sales | Top Holdings  Embed:

Bill Ackman' s Profile & Performance

Profile

William Ackman, co-investment manager for hedge-fund group Gotham Partners LP, formed Pershing Square in November 2003 with $54 million raised from three investors. Ackman got his start in the real estate business, where he worked for his father prior to starting Gotham.

Investing Philosophy

Bill Ackman is an activist investor. He buys the common stocks of public companies, and pushes for changes so that the market can realize the values of the companies. Ackman buys stocks trading at a discount, and sells when the companies reach their appraised value.

Total Holding History

Performance of Pershing Square LP fund

YearReturn (%)S&P500 (%)Excess Gain (%)
201029.715.0614.6
2008-13-3724.0

Top Ranked Articles

Bill Ackman Interview With Bloomberg
“Bank of America is attractive at the current price” Read more...
Competence, Margin of Safety or Financial Strength?
People are more likely to believe things they want to believe. At the same time people think that they are objective. A way to get out of this predicament is to look at the evidence and try to come up with a justification which would convince them that they should either reject the evidence or find a subset of evidence which is comforting. Read more...
Bill Ackman - Pershing Square 3Q 2011 Shareholder Letter; discussing JCP, FO, FBHS, FDO, GGP, C, CP
Dear Pershing Square Investor: Read more...
Gramercy Capital (GKK): A Graham Stock Wrapped in a Mystery
The investment analysis below is our twelfth in our series of guest posts, and is brought to you by friend of the blog PlanMaestro of the fantastic Variant Perceptions. We will keep the intro quick but safe to say we are honored to bring our readers Plan’s latest write-up on Gramercy Capital (GKK), which is as insightful and illuminating as we have come to expect from one of our favorite investors. In typical PlanMaestro fashion, we have decided to post the thesis in three parts, the first of which is below. Enjoy! Read more...
Bill Ackman's Full Presentation on the HKD
Bill Ackman gave a presentation yesterday at the Delevering Alpha Conference. Read more...
» More Bill Ackman Articles

Commentaries and Stories

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Bill Ackman is keeping on buying Zoetis Bill Ackman - Bill Ackman Is Keeping On Buying Zoetis
Bill Ackman, co-investment manager for hedge-fund group Gotham Partners LP, formed Pershing Square in November 2003 with $54 million raised from three investors. Ackman got his start in the real estate business, where he worked for his father prior to starting Gotham. More...

LONG


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Bill Ackman Describes The Impact Activists Have On Businesses Bill Ackman - Bill Ackman Describes The Impact Activists Have On Businesses
Are activist investors the friend of the long term shareholder or simply predators looking to make a fast buck? More...

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Activist Investor Bill Ackman's Newest Additions to His Portfolio Bill Ackman - Activist Investor Bill Ackman's Newest Additions To His Portfolio
Bill Ackman (Trades, Portfolio) of Pershing Square Capital Management, L.P. is known for being an activist investor as well as a philanthropist. Ackman, along with guru Bruce Berkowitz (Trades, Portfolio) and Joseph Steinberg, donated funds to the Center for Jewish History. It was the largest gift the center has ever received. Ackman alone donated almost $7 million because his family says, "we want our children to know, not only their living relatives, but those representing past generations for a greater connection to their family and ancestral origin and heritage." More...

ACTIVIST INVESTOR, VALUE INVESTING, WARREN BUFFETT, BILL GATES, PHILANTHROPY, CHARITY, STOCKS


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How Good is Your Argument? Bill Ackman, Seth Klarman, Kyle Bass - How Good Is Your Argument?
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GM,VRX, BILL ACKMAN, BILL NYGREN, THIRD AVENUE, CHARLIE MUNGER, MENTAL MODEL, SETH KLARMAN, HOWARD MARKS


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Herbalife's Faceoff Against Financial Market Coup
Globally known MLM based healthcare product maker Herbalife (HLF) has some major players in finance betting against the company due to its controversial practices. Ever since the US dollar had been gaining in strength since November 2014 versus other major currencies, and also the news of pending probes against the company coming to light, the stock seems to be going downhill. After Herbalife had posted its below-expected earning of Q3 2014, analysts like Timothy Ramey of Pivotal Research Group, has come down heavily to cut down on estimates of the stock price, from $110 to $75. The EPS estimates have been cropped as well, going from $1.34 to $1.22, alongside the 2015 full-year estimates, going down from $5.50 to $5.00. The net income from Q3 2014 went down by as much as 92%, owing to the pre-tax charges it faces from the reassessment of audit of assets and liabilities in the Venezuelan Bolivar. In short, there are problems all around. More...

HERBALIFE, AMWAY, MLM, SEC, FTC, FINANCIAL ANTE, BUSINESS STRATEGY, INVESTMENT OUTLOOK


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Bill Ackman: Interview Transcripts Part 1
STEPHANIE RUHLE, HOST: Bill Ackman (Trades, Portfolio), would you have guessed it, he is just a laugh riot over here? Bill, you just left the stage. You were sitting down with Ray Dalio (Trades, Portfolio). And for me watching two iconic investors sort of go through their investment practice was extraordinary. What did you learn from Ray? More...

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Bill Ackman: JCPenney Is Probably The Worst Investment I've Made… Bill Ackman - Bill Ackman: JCPenney Is Probably The Worst Investment I've Made…
In an interview to appear on FOX Business Network’s Risk & Reward at 1PM/ET today, anchor Deirdre Bolton speaks with Pershing Square Capital Management Fonder and CEO Bill Ackman (Trades, Portfolio) following the Harbor Investment Conference. When asked what his biggest strategic mistake was, Ackamn said, “I think JCPenney (JCP) is probably the worst investment I've made.” Ackman also commented on Howard Hughes Corp saying, “I don't think I will ever sell. And that's a pretty long time frame.” When asked if he wasn’t an investor what profession he would be interested in Ackamn says, “an investigative reporter.” More...

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Graham And Doddsville – Winter 2015 Issue
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Herbalife after option expiry - Part II: counting shorts and longs Bill Ackman - Herbalife After Option Expiry - Part II: Counting Shorts And Longs
With Herbalife at $31 then any puts that Ackman has (and we know the prices of them) are in the money so far that their delta is almost one. More...

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Herbalife after the January option expiry: Part 1 Bill Ackman - Herbalife After The January Option Expiry: Part 1
I have deliberately refrained from writing about Herbalife until the 17 January 2015 option expiry.We know from public disclosures that Pershing Square (PSQ) had a huge put option position on Herbalife.There were also a vast number of put options that expired on 17 January.Here are the outstanding in-the-money put contracts as at market close Friday. More...

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Bill Ackman Says Benefits Of Oil Price Drop Outweigh Costs Bill Ackman - Bill Ackman Says Benefits Of Oil Price Drop Outweigh Costs
Bill Ackman (Trades, Portfolio)'s assets under management have grown from $11 billion to $18 billion over the past year. More...

Bill Ackman, Oil, Video


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The Latest Bill Ackman Video On The Herbalife Pyramid Scheme Bill Ackman - The Latest Bill Ackman Video On The Herbalife Pyramid Scheme
The Bill Ackman (Trades, Portfolio) pursuit of Herbalife continues. More...

BILL ACKMAN


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Analysts Make Bullish Ratings in Response to Valeant’s Increased 2015 Guidance
Valeant Pharmaceuticals (NYSE: VRX) held a conference call with investors on Thursday, January 8, in which the company increased its guidance for 2015. Initially, Valeant had predicted $9.1 billion in revenue and $10 cash earnings per share for 2015. They increased estimates to $9.2 to $9.3 billion in revenue and $10.10 to $10.40 cash earnings per share. Shares spiked nearly 6.9% during intraday trading after the announcement, jumping from $145 to $155. More...

PHARMACEUTICAL, STOCKS, MERGERS AND ACQUISITIONS,


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Love Him Or Hate Him, Bill Ackman Now Runs The World's Top Hedge Fund Bill Ackman - Love Him Or Hate Him, Bill Ackman Now Runs The World's Top Hedge Fund
Lunch was a bit awkward. It was around 1 p.m. on a warm October day in New York. A group of Wall Street investors were tucking into chicken in a red-wine demi-glace and Brussels sprouts at the Plaza Hotel. They’d convened for Jim Grant’s fall conference, hosted by the influential editor of Grant’s Interest Rate Observer. More...

hedge-fund, bill ackman


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Year End Review: Fast-Food Services
2014 was an eventful year for the fast-food service industry. Which restaurant chains came out ahead, and which ones trailed behind? More...

STOCKS


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Zoetis in a Growing Global Animal Health Industry
In this article, let's take a look at Zoetis Inc (ZTS), a $22.24 billion market cap company that is a global leader in the animal health products industry emerged as a separate entity following its spin-off from Pfizer (PFE) in June 2013. More...

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The "Circle of Competence Trap" – Retail, Energy and Metal Sectors Warren Buffett,Bill Ackman - The
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JCP, TSCO, RSH, ARO, WARREN BUFFETT, BILL ACKMAN


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Ackman’s Pershing Square Buys Stake in Zoetis
Zoetis, Inc. (NYSE: ZTS) is an animal health company that produces vaccines for pets and livestock. Based in Florham Park, New Jersey, the animal health company was once a subsidiary of Pfizer (PFE) but became independent in February 2013. Bill Ackman (Trades, Portfolio), the philanthropic founder and CEO of Pershing Square Capital Management, bought an 8.5% stake in Zoetis for roughly $2 billion on November 11. Additionally, Zoetis released its third quarter report on November 4, topping analysts' expectations. More...

STOCKS, PFIZER, ZOETIS, ZTS, ACKMAN, PERSHING, CITIGROUP, MORGAN STANLEY


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Bob Olstein On 'Boring' Stocks Printing Money Bill Ackman - Bob Olstein On 'Boring' Stocks Printing Money
Bob Olstein, chairman and CIO of Olstein Funds, is known  as one of the leading experts in corporate disclosure and reporting practices. He wrote an incredible book, The Quality of Earnings, which helped push the use of forensic accounting techniques to identify certain factors in determining a company's future earnings power. (I highly recommend this book.) More...

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Activist Bill Ackman Buys Big Stake In Animal Healthcare Company Zoetis
I guess we shouldn’t be surprised that one of the more active activist investors is making another big move before the end of the year. More...

ACKMAN, ZTS


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User Comments

Gm1
ReplyGm1 - 5 months ago
Dear Sirs / Madams,

I am so interested in Pershing Square, would you please advise me its performance and cost? Thank you.

GM
Samchell@yahoo
ReplySamchell@yahoo - 10 months ago
Some stocks are best evaluated by hands-on personal empiricism. After going into a Walgreen's store, it's manifestly clear where it ranks compared to CVS or Rite Aid. As for Ackman's attraction to Mondelez, perhaps he likes some of the company's snack items, and no doubt enough other consumers will share his taste to move the stock in a positive direction. But anyone looking for more something more dramatic would be better advised to take note of the population's compulsive consumption of Hershey products. (Twizzler's Twist 'n Pull Cherry Licorice is candy heroin.) Also, like Coke and Kleenex, Hershey's is a brand name that's synonymous with the product. (When's the last time your spouse asked you to go to Walgreen's to pick up a "Mondelez Bar"?) In short, investing is a game of guessing, supported by past predilections and indicators that "may" have a bearing on future results. But 50% of stock picking is playing hunches. Never ignore the intangibles as well as personal impressions--that's can't be charted or measured by most systems.

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