Bill Ackman

Bill Ackman

Last Update: 2014-08-14

Number of Stocks: 6
Number of New Stocks: 0

Total Value: $12,597 Mil
Q/Q Turnover: 38%

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 Preparing For The Next Crash Bill Ackman - Bill Ackman Is Preparing For The Next Crash
In Pershing Square’s quarterly newsletter released yesterday, August 13, Bill Ackman stated that he is planning an initial public offering of Pershing Square Holdings, Ltd targeted for later this year. The plan is for the closed-end fund to be listed on the London Stock Exchange under the symbol “PSH.” More...

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Top Insider Buys Highlight: Air Products & Chemicals Inc.
Chairman, Pres. and CEO of Air Products & Chemicals Inc (APD) Seifi Ghasemi bought 25,000 shares on Aug. 1 at an average price of $132.84. The total transaction amount was $3,321,000. More...

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Herbalife Insiders Buy $1.7 Million In Company Stock Bill Ackman,Carl Icahn - Herbalife Insiders Buy $1.7 Million In Company Stock
On Thursday, July 31, the CFO, COO, and President of Herbalife bought a total of $1.7 million worth of their company’s stock to affirm their confidence in its business model. The purchases were detected on the Insiders page of GuruFocus. More...

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Usana: Will You Bet on GuruFocus or on the Shorts? Bill Ackman,Charlie Munger - Usana: Will You Bet On GuruFocus Or On The Shorts?
Usana Health Sciences, Inc. (USNA) appears on not one, but three, different GuruFocus screens: Undervalued Predictable, Buffett-Munger, and Peter Lynch. As reported by Vera Yuan in the June edition of the article How Many Stocks Can Pass GuruFocus Value Screeners? getting through three screens puts USNA in an elite group; it's just one of 15 stocks out of a field of 16,884 stocks to make it. USNA also made it through the same triple screening process in May and April. More...

LONG, VALUE, MULTI-LEVEL MARKETING, NETWORK MARKETING, INTERNATIONAL


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Giant Hedge Fund Managers: Bill Ackman Against Carl Icahn Bill Ackman,Carl Icahn - Giant Hedge Fund Managers: Bill Ackman Against Carl Icahn
Giant Hedge Fund Managers: Bill Ackman (Trades, Portfolio) Against Carl Icahn (Trades, Portfolio) More...

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How Investors Could Profit From the Pershing Square Versus Herbalife Duel Bill Ackman - How Investors Could Profit From The Pershing Square Versus Herbalife Duel
Disclosure: I neither long nor short Herbalife. I also do not have any financial interest in the company. More...

LONG, INTEGRATED INVESTING


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Hedge Fund Manager Bill Ackman Against Herbalife in a Two-Year Battle to Shut Down the Company
In this article, let´s see what happened in the stock market with activist investor Bill Ackman (Trades, Portfolio), who will benefit from Herbalife Ltd. (HLF)’s falling share price. More...

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How Good Is Your Evidence? Bill Ackman,George Soros - How Good Is Your Evidence?
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Ackman Explains Valeant Bid, Makes Up with Carl Icahn
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Bill Ackman Continues Diatribe Against Herbalife
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Are You Right Because the Stock Moved Up? Bill Ackman,Charlie Munger - Are You Right Because The Stock Moved Up?
"The prices on the market are the ultimate form of social proof, reflecting what other people think." More...

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What Guru Investors Did with Bill Ackman's Herbalife in Q1 Bill Ackman,Carl Icahn,George Soros,Daniel Loeb - What Guru Investors Did With Bill Ackman's Herbalife In Q1
When an investor as prominent as Bill Ackman (Trades, Portfolio) makes a short case of a public company, many other investors will either agree with him, or view it as an opportunity to take a long position on the ensuing dip. But in the case of weight-loss and nutrition company Herbalife (HLF), its stock has had a tortuous ride since Ackman announced his short in 2012, as no ultimate determination about his thesis has been made. That didn’t stop fund managers from taking sides again in the first quarter. More...

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Bill Ackman's New REITs Bill Ackman - Bill Ackman's New REITs
Pershing Square's Bill Ackman (Trades, Portfolio) finally jettisoned the remainder of one of his largest activist positions, the real estate investment trust (REIT) General Growth Properties (GGP) – a four-year project – in the first quarter. Though he ventured into the real estate space before, with holdings in Howard Hughes Corp (HHC) (current position) and Alexander & Baldwin Inc. (ALEX) (sold fourth quarter 2012), in the first quarter as he sold out General Growth, he added more exposure to REITs – known for their high dividend payments – with the acquisition of Apartment Investment & Management Company (AIV) (or Aimco) and Home Properties Inc. (HME). More...

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Charlie Munger's Human Misjudgment Framework and JC Penney - Part I Charlie Munger,Bill Ackman - Charlie Munger's Human Misjudgment Framework And JC Penney - Part I
“The simple truth is that we aren’t adapted to face the world as it is today. We evolved in a very different environment, and it is that ancestral evolutionary environment that governs the way in which we think and feel. We can learn to push our minds into alternative ways of thinking, but it isn’t easy as we have to overcome the limits to learning posed by self-deception. In addition, we need to practice the reframing of data into more evolutionary familiar forms if we are to process it correctly.” More...

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Activist Bill Ackman's First Quarter Top Positions Bill Ackman - Activist Bill Ackman's First Quarter Top Positions
Bill Ackman (Trades, Portfolio), the controversial activist leader of Pershing Square Capital Management, released his first quarter holdings yesterday. These holdings highlighted nine stocks, with four of these being new buys over the quarter. His portfolio is valued at $8.4 billion. More...

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What Is Your Moat? Bill Ackman,Sarah Ketterer - What Is Your Moat?
During the Value Investor Conference held just before Berkshire Hathaway's annual shareholder meeting, I had the opportunity to hear from some of the best investors in the value investing field. One thing I observed during the conference is that they all claim that they are different from other investors and it is the difference that produces the superior returns. More...

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Bill Ackman Freddie Mac and Fannie Mae Ira Sohn Presentation
<p style=" margin: 12px auto 6px auto; font-family: Helvetica,Arial,Sans-serif; font-style: normal; font-variant: normal; font-weight: normal; font-size: 14px; line-height: normal; font-size-adjust: none; font-stretch: normal; -x-system-font: none; display: block;"> Bill Ackman Ira Sohn Freddie Mac and Fannie Mae Presentation More...

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Bill Ackman Interview: Forgiving Icahn, Valeant Merger, Fannie Mae and Freddie Mac
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Mario Gabelli on Bill Ackman, Valeant, AT&T, DirecTV and Pfizer
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Bill Ackman and Valeant Pharmaceuticals Team Up to Take Over Pharmaceutical Company Allergen Bill Ackman - Bill Ackman And Valeant Pharmaceuticals Team Up To Take Over Pharmaceutical Company Allergen
Over the past week GuruFocus Real Time Picks reported that Bill Ackman (Trades, Portfolio) made a buy into Allergen (AGN). This is the first buy into the company for Ackman, and he did so in a big way by purchasing a total of 28,878,538 shares of the company’s stock. He bought these shares at the average price of $120.89 per share on April 11, and since this buy the price per share is up 35% to $163.65. More...

Add Notes, Comments or Ask Questions

User Comments

Samchell@yahoo
ReplySamchell@yahoo - 4 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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