Bill Ackman

Bill Ackman

Last Update: 08-15-2016

Number of Stocks: 9
Number of New Stocks: 0

Total Value: $7,513 Mil
Q/Q Turnover: 0%

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, L.P.

YearReturn (%)S&P500 (%)Excess Gain (%)
201436.913.6923.2
20139.732.39-22.7
201213.316-2.7
3-Year Cumulative70.2 (19.4%/year)74.6 (20.4%/year)-4.4 (-1%/year)
2011-1.12.11-3.2
201029.715.0614.6
5-Year Cumulative118.3 (16.9%/year)105.1 (15.5%/year)13.2 (1.4%/year)
200940.626.4614.1
2008-13-3724.0
2007225.4916.5
200622.515.796.7
200539.94.9135.0
10-Year Cumulative458.2 (18.8%/year)109.4 (7.7%/year)348.8 (11.1%/year)
200442.610.8831.7

Top Ranked Articles

Bill Ackman Comments on Howard Hughes Corp Guru stock highlight
HHC's second quarter report highlighted the continued progress it is making across all of its initiatives and business segments. Read more...
Bill Ackman Comments on Platform Specialty Products Guru stock highlight
Platform (NYSE:PAH)'s earnings declined in the second quarter as positive results in Performance Solutions, increased cost synergies, and strong growth in the International Ag Solutions were offset by a significant decline in the North American Ag Solutions business and increased corporate costs. Read more...
Bill Ackman Comments on Air Products and Chemicals Guru stock highlight
Air Products' (NYSE:APD) recent quarterly results marked the eighth straight quarter of double-digit EPS growth as APD continues its impressive transformation under CEO Seifi Ghasemi and his team. Read more...
Bill Ackman Comments on Fannie Mae and Freddie Mac Guru stock highlight
Fannie (FNMA) and Freddie (FMCC)'s underlying earnings progressed modestly in the second quarter as their core mortgage guarantee businesses improved due to an increase in the guarantee-fee rate and lower credit costs. Their non-core investment portfolios continued to be reduced, which is leading them to a safer and more capital-light business model. As in recent quarters, reported earnings remained volatile due to non-cash-accounting-based derivative losses in the non-core investment portfolio. As a result of the derivative losses and the continued Net Worth Sweep, the companies remain at risk of being required to draw capital from the Treasury, as a result of the requirement to pay dividends to Treasury under the Net Worth Sweep of more than $125 billion in excess of the original 10% dividend agreement. As the risk of capital draws from the Treasury increases, we believe that Congress will become increasingly focused on seeking a permanent resolution for Fannie and Freddie. Read more...
Bill Ackman Comments on Herbalife Guru stock highlight
We have made substantial progress with our short position in Herbalife (NYSE:HLF). On July 15, 2016, after a more than two-year investigation, the FTC found that Herbalife has been operating illegally, misleading consumers about the potential profitability of its so-called business opportunity, among other extremely critical findings. The FTC's settlement with Herbalife avoided using the words "pyramid scheme" to describe its business, but found that the company had all of the hallmarks of other pyramid schemes it has prosecuted recently. The FTC's findings confirm each of our principal allegations against the company. Read more...
» More Bill Ackman Articles

Commentaries and Stories

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Bill Ackman Comments on Canadian Pacific Guru stock highlight
On August 4, 2016 we sold our remaining 9 8 million shares of Canadian Pacific (NYSE:CP). This sale marked the end of our five-year investment in CP, which was a noteworthy success. I have agreed to continue on the board up until the next annual meeting or until qualified replacement directors have joined the board. More...

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Bill Ackman Comments on Zoetis Inc. Guru stock highlight
There is still a lot more work to do, but we are pleased with the company's progress over the last several months. Zoetis Inc. (NYSE:ZTS) Zoetis delivered another exceptional quarter of performance. Organic revenue growth was +4%, driven by +13% growth in Zoetis' companion animal segment. Excluding the revenue impact of the company's operational efficiency initiatives, organic revenue growth was 9%. Management's execution of its operational efficiency initiative continues to be excellent. SG&A as a percentage of sales fell by 180bps in the quarter, year-over-year and gross margins expanded 240bps. While we have sold a substantial portion of our investment to raise capital for new investments, we continue to believe that Zoetis' history of strong organic growth and margin expansion will continue. More...

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Bill Ackman Comments on Valeant Guru stock highlight
At the time of our last financial report in March, Steve Fraidin and I had just joined the board of Valeant (NYSE:VRX) in an attempt to stabilize and enhance our investment in the company. Since we joined the board, the company has hired Joe Papa, an extremely capable and talented CEO, the substantial majority of the board has been replaced, the company has returned to filing its fmancial reports in a timely fashion, its bank debt has been successfully modified to substantially reduce the risk of covenant default, a highly credible and experienced CFO, Paul Herendeen, and General Counsel, Christina Ackermann, have joined the company, a new strategy and new fmancial reporting structure have been announced, and approximately $8 billion of assets are being evaluated for potential disposition. More...

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Bill Ackman Comments on Restaurant Brands Guru stock highlight
Restaurant Brands (NYSE:QSR) reported another strong quarter of underlying earnings in the second quarter of 2016. The company continued to deliver strong net unit growth at both concepts while substantially improving Tim Hortons' cost structure. Same-store-sales growth decelerated from prior quarters against a backdrop of slowing growth for the U.S. fast-food industry. More...

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Bill Ackman Comments on Platform Specialty Products Guru stock highlight
Platform (NYSE:PAH)'s earnings declined in the second quarter as positive results in Performance Solutions, increased cost synergies, and strong growth in the International Ag Solutions were offset by a significant decline in the North American Ag Solutions business and increased corporate costs. More...

  • Currently 5.00/5

Rating: 5.0/5 (1 vote)

Bill Ackman Comments on Nomad Guru stock highlight
Nomad (NYSE:NOMD), the packaged frozen food company, announced second quarter results on August 25, 2016. Revenue for the quarter declined 3.8% on a like-for-like basis, excluding foreign currency changes. This marked the third straight quarter of sequential improvement in revenue trends. Margins and cash flow remained strong. The company reiterated its guidance for continued sequential revenue improvement throughout the year and €200 million of cash flow. More...

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Bill Ackman Comments on Mondelez Guru stock highlight
On June 30, 2016, press reports, which were later confirmed, stated that Mondelez (NASDAQ:MDLZ) had made an offer to acquire The Hershey Company for $107 per share in a half-cash, half-stock transaction. While an acquisition of Hershey would certainly strengthen Mondelez's confectionery presence in North America, whether or not a deal creates value for shareholders depends on the price paid, the acquisition currency used and, as importantly, the potential for significant cost savings at Hershey. More...

  • Currently 5.00/5

Rating: 5.0/5 (1 vote)

Bill Ackman Comments on Howard Hughes Corp Guru stock highlight
HHC's second quarter report highlighted the continued progress it is making across all of its initiatives and business segments. More...

  • Currently 5.00/5

Rating: 5.0/5 (1 vote)

Bill Ackman Comments on Herbalife Guru stock highlight
We have made substantial progress with our short position in Herbalife (NYSE:HLF). On July 15, 2016, after a more than two-year investigation, the FTC found that Herbalife has been operating illegally, misleading consumers about the potential profitability of its so-called business opportunity, among other extremely critical findings. The FTC's settlement with Herbalife avoided using the words "pyramid scheme" to describe its business, but found that the company had all of the hallmarks of other pyramid schemes it has prosecuted recently. The FTC's findings confirm each of our principal allegations against the company. More...

  • Currently 0.00/5

Rating: 0.0/5 (0 votes)

Bill Ackman Comments on Fannie Mae and Freddie Mac Guru stock highlight
Fannie (FNMA) and Freddie (FMCC)'s underlying earnings progressed modestly in the second quarter as their core mortgage guarantee businesses improved due to an increase in the guarantee-fee rate and lower credit costs. Their non-core investment portfolios continued to be reduced, which is leading them to a safer and more capital-light business model. As in recent quarters, reported earnings remained volatile due to non-cash-accounting-based derivative losses in the non-core investment portfolio. As a result of the derivative losses and the continued Net Worth Sweep, the companies remain at risk of being required to draw capital from the Treasury, as a result of the requirement to pay dividends to Treasury under the Net Worth Sweep of more than $125 billion in excess of the original 10% dividend agreement. As the risk of capital draws from the Treasury increases, we believe that Congress will become increasingly focused on seeking a permanent resolution for Fannie and Freddie. More...

  • Currently 0.00/5

Rating: 0.0/5 (0 votes)

Bill Ackman Comments on Air Products and Chemicals Guru stock highlight
Air Products' (NYSE:APD) recent quarterly results marked the eighth straight quarter of double-digit EPS growth as APD continues its impressive transformation under CEO Seifi Ghasemi and his team. More...

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Rating: 3.0/5 (2 votes)

Bill Ackman Discusses Worst Year Ever in Mid-Year Letter Portfolio updates, commentary Bill Ackman - Bill Ackman Discusses Worst Year Ever In Mid-Year Letter
Dear Pershing Square Holdings, Ltd. Shareholder, More...

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Bill Ackman: Valeant 'One Very Big Mistake' Ackman said Valeant weighing down his returns Bill Ackman - Bill Ackman: Valeant 'One Very Big Mistake'
Bill Ackman (Trades, Portfolio), whose Pershing Square hedge fund lost money on Valeant (NYSE:VRX)'s collapsing share price, said on CNBC it was a unique investment in their history. Usually they would have more active involvement in their companies or buy simple, undervalued companies. More...

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Insuring a Value Stock Against Downside Losses, at No Cost By placing an option collar on a relatively volatile stock, we can protect ourselves against any serious drop in the share price, at little or no cost Bill Ackman - Insuring A Value Stock Against Downside Losses, At No Cost
This article offers at a different approach to improving the risk and reward profile of a value stock. More...

LONG STOCKS, PUTS, CALLS, OPTIONS, COLLARS, PROTECTIVE PUTS, BILL ACKMAN


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Bill Ackman: Carl Icahn Propping Up Herbalife Ackman hoping for Herbalife to crumble Bill Ackman - Bill Ackman: Carl Icahn Propping Up Herbalife
Bill Ackman (Trades, Portfolio) said he thinks when Carl Icahn (Trades, Portfolio), a big holder of Herbalife (NYSE:HLF), sells his stake, the "confidence factor" in the company will evaporate. "If he can sell this thing at 60 bucks and almost double his money, great for Carl. And he doesn't have to worry about what happenes to the company when they're required to completely change their business model," Ackman said. "I think he knows this thing is toast." More...

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Herbalife: The Big Short Part 2 Why Bill Ackman's short might finally pay off Warren Buffett,Bill Ackman - Herbalife: The Big Short Part 2
The recent Hollywood financial blockbuster “The Big Short” may have a sequel on its hands. More...

BILL ACKMAN, WARREN BUFFETT, HEBALIFE, MOODY'S


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Valeant Misses 2nd Quarter Estimates Company’s stock down 75% year to date with earnings miss Bill Ackman - Valeant Misses 2nd Quarter Estimates
Valeant Pharmaceuticals (NYSE:VRX) reported its second quarter earnings on Aug. 9. The second quarter earnings report was also the second report for new CEO Joseph Papa, who took over the company in May. More...

HEALTHCARE


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Ackman Raises $1.4 Billion Selling Entire Stake in Canadian Pacific Railway Close of stake comes on wave of sells by Pershing Bill Ackman - Ackman Raises $1.4 Billion Selling Entire Stake In Canadian Pacific Railway
Bill Ackman (Trades, Portfolio) is selling off 14 million shares of Canadian Pacific Railway Ltd. (NYSE:CP)(TSX:CP) – a stock making up about a fifth of his equity portfolio – ending one of his big turnaround plays. More...

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Can You Disagree With Yourself? Balancing between humility and arrogance is hard to do but necessary Charlie Munger,Bill Ackman,Seth Klarman - Can You Disagree With Yourself?
One of the most important tools that we can have as investors is the ability to challenge our own ideas and conclusions. We live in an ever-changing world and to think that our conclusions should be excluded from this phenomenon is a little naïve. More...

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