Bill Ackman

Bill Ackman

Last Update: 11-14-2016

Number of Stocks: 10
Number of New Stocks: 1

Total Value: $5,413 Mil
Q/Q Turnover: 4%

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

Avoid Piggybacking The pitfalls of piggybacking fellow investors on investment ideas
I don’t know how many articles you’ve read about Valeant (VRX) in the past few weeks, but it’s probably safe to say too many. This article, you might be happy to hear, has very little to do with Valeant – mostly because I have nothing new or intelligent to say about the company (it’s buried deep in my “too hard” pile). Instead, it’s about following the lead of others when investing. Read more...
What Is Downside? A discussion of downside analysis and factors affecting the objectivity of downside analysis
One of the most quoted sayings in investing goes like this: “If you take care of the downside, the upside will take care of itself.” Read more...
Knowing When to Say 'When' As markets return to their previous highs, it might be the time to start looking for signs of investor overindulgence
In the winter of 1928, Joe Kennedy decided to stop to have his shoes shined before he started his day's work at the office. When the boy finished, he offered Kennedy a stock tip: "Buy Hindenburg." Kennedy soon sold off his stocks, thinking, "You know it's time to sell when the shoeshine boys start giving you stock tips. This bull market is over." Read more...
Valeant, Short Selling, and the Too-Hard Pile Why I don't short stocks
In general, I find reading short reports to be a very valuable exercise. I don’t do much shorting in my partnership, but I find that for the most part, short sellers provide a useful service to the capital markets and I think that the good short sellers (who are few and far between) often do more thorough investigative analysis than the vast majority of long-only investors. Read more...
Bill Ackman Asks Charlie Munger to Be Nicer About Valeant New documents show correspondence between Ackman, Munger and Buffett
Some correspondence between Bill Ackman (Trades, Portfolio), a major Valeant (NYSE:VRX) shareholder, Warren Buffett (Trades, Portfolio) and Charlie Munger (Trades, Portfolio) surfaced this week in a slew of documents the U.S. Senate committee investigating drug price gouging has released. Read more...
» More Bill Ackman Articles

Commentaries and Stories

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4 Catalysts for Herbalife Short to Play Out Bill Ackman spoke about several scenarios for his 4-year short in earnings call Bill Ackman - 4 Catalysts For Herbalife Short To Play Out
Pershing Square, led by Bill Ackman (Trades, Portfolio), waged one of the most spectacular public activist campaigns against Herbalife (NYSE:HLF) on the premise it is a pyramid scheme. More...

SHORT, MLM


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Ackman Sticks With Valeant as a Deleverage Story Valeant has been the biggest debacle in Pershing Square's history. Ackman sticks with the investment that has gone from a growth platform to a deleverage story Bill Ackman - Ackman Sticks With Valeant As A Deleverage Story
Pershing Square, led by Bill Ackman (Trades, Portfolio), recently held its earnings call. Ackman highlighted why one particular holding, Valeant Pharmaceuticals (NYSE:VRX), is attractive right now. More...

LONG, PHARMA, BIOTECH


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Warren Buffett's Financial Engineering For decades Buffett used borrowed money and this strategy to crush the market Warren Buffett,Bill Ackman - Warren Buffett's Financial Engineering
Investors often overlook the financial engineering that Warren Buffett (Trades, Portfolio) has employed throughout the years that helped build his personal fortune and the book value of Berkshire Hathaway (NYSE:BRK.A)(NYSE:BRK.B). More...

MERGERS, ACQUISITIONS, ARBITRAGE


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Bill Ackman Says Valeant Diversified Pharma Is a Buffett ‘Cigar Butt’ in Conference Call Billionaire sorts out fallen drug company Bill Ackman - Bill Ackman Says Valeant Diversified Pharma Is A Buffett ‘Cigar Butt’ In Conference Call
Pershing Square head Bill Ackman (Trades, Portfolio) updated investors on his outlook for Valeant Pharmaceuticals (NYSE:VRX), a holding that suffered a catastrophic drop last year, on a third-quarter conference call Thursday, covering the difference in its three businesses and what it needs to do to move forward. More...

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Bill Ackman Discusses What Will Drive Chipotle's Growth on Conference Call Restaurant that scattered investors last year has new ways to come back, Pershing says Bill Ackman - Bill Ackman Discusses What Will Drive Chipotle's Growth On Conference Call
Among holdings Bill Ackman (Trades, Portfolio), leader of hedge fund Pershing Square, discussed in his third-quarter conference call Thursday was Chipotle (NYSE:CMG), a fast-casual restaurant chain bruised by several food poisoning incidents and his latest new stake. More...

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Mylan Posts Loss Amid Investigation, Settlement Pharmaceutical company joins Valeant in reporting a loss Bill Ackman,John Paulson,Vanguard Health Care Fund - Mylan Posts Loss Amid Investigation, Settlement
Mylan (NASDAQ:MYL) released its third-quarter earnings Wednesday, reporting a quarterly loss and revenue growth that was below expectations. More...

MYLAN,VALEANT,PHARMACEUTICALS,HEALTHCARE


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Bill Ackman's Pershing Square Returns Slide in October Losses deepen at fund Bill Ackman - Bill Ackman's Pershing Square Returns Slide In October
Bill Ackman (Trades, Portfolio)’s Pershing Square returns slumped lower for the third straight month in October as stock prices of most of the holdings in his concentrated portfolio descended. More...

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Rating: 3.0/5 (3 votes)

Bill Miller: Valeant Can Double in 3 Years How realistic is Miller's claim? Bill Ackman - Bill Miller: Valeant Can Double In 3 Years
Bill Miller is an interesting value investor, as he is generally very outspoken. He made an appearance on CNBC and talked about Valeant (NYSE:VRX). You may be scrutinized if you are long Valeant after the ousting of its CEO, the Philidor incidents, Charlie Munger (Trades, Portfolio)'s distaste for the company and Hillary Clinton’s special attention to price gouging. More...

LONG, PHARMA, BILL MILLER,


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Nomad Foods Trades at a Reasonable Price UK-based company is No. 1 in many of its markets in frozen foods Bill Ackman - Nomad Foods Trades At A Reasonable Price
This weekend, Barron's magazine had a nice mention about Nomad Foods (NYSE:NOMD). The European frozen food company is a holding of Bill Ackman (Trades, Portfolio) and Oscar Schafer. More...

UK, FROZEN FOOD


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21 Questions With Michel Charbonneau 'From an historical perspective, the current market is somewhere between fairly to overvalued' Bill Ackman,Carl Icahn - 21 Questions With Michel Charbonneau
1. How and why did you get started investing? What is your background? More...

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Risk/Reward With Herbalife The rock star of all guru feuds is getting even more interesting Carl Icahn,Bill Ackman - Risk/Reward With Herbalife
Herbalife (NYSE:HLF) is a global nutrition company. More...

NUTRITIONAL PRODUCTS, CARL ICAHN, BILL ACKMAN, HERBALIFE


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Rating: 4.5/5 (2 votes)

Two Key Checklist Items From a non-fan of checklists Bill Ackman,David Einhorn - Two Key Checklist Items
I am not a big fan of going through specific “checklist” items one by one when evaluating an investment idea. I know this idea has gained enormous popularity in recent years, partly due to the good book The Checklist Manifesto, and partly popularized in value investing circles by Mohnish Pabrai (Trades, Portfolio). More...

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The Other Top Investors Who Love & Hate Bill Ackman's Next Target, Chipotle Gurus bounced in and out as the food poisoning story unfolded Bill Ackman - The Other Top Investors Who Love & Hate Bill Ackman's Next Target, Chipotle
Bill Ackman (Trades, Portfolio) purchased a 9.9% stake in Chipotle (NYSE:CMG) last week with intent to push for changes. While the investing world has largely bemoaned his involvement after a string of misadventures with stocks such as Valeant Pharmaceuticals (NYSE:VRX), some other managers of big funds hopped in and out of the Chipotle boat last quarter after its widespread food poisoning scare. More...

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2 Things Ackman Wants to Change at Chipotle Pershing Square has a great track record in the restaurant industry Bill Ackman - 2 Things Ackman Wants To Change At Chipotle
Chipotle (NYSE:CMG) jumped on the news Bill Ackman (Trades, Portfolio)’s Pershing Square acquired a 9.9% stake. Given the star fund manager has had 1 ¾ of terrible years in the rearview mirror, that may have come as a bit of a surprise. Ackman’s struggles with Valeant (NYSE:VRX) and Herbalife (NYSE:HLF) notwithstanding, his track record in the restaurant business is to be envied. He racked up wins with Macy’s, McDonald’s, Burger King, Yum Brands and others. Pershing stated in its 13-D filing Chipotle has a strong brand, differentiated offering, enormous growth opportunity and visionary leadership. In addition, the 13-D called Chipotle an undervalued and attractive investment. More...

LONG, RESTAURANTS, ACTIVISTS, ACKMAN


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Bill Ackman Buys Chipotle Mexican Grill Suffering investor takes an interest in suffering stock Bill Ackman - Bill Ackman Buys Chipotle Mexican Grill
Bill Ackman (Trades, Portfolio) of Pershing Square Capital Management acquired a new holding in Chipotle Mexican Grill Inc. (NYSE:CMG) on Aug. 24. More...

ACKMAN, PERSHING SQUARE, BUY, CHIPOTLE, RESTAURANT


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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...

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