Bill Ackman

Bill Ackman

Last Update: 09-13-2016

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

My Indirect Experiences With Valeant Pharmaceuticals A few personal incidents shed some light on Valeant Pharmaceutical
Valeant Pharmaceuticals International Inc. (NYSE:VRX) has been a hot topic recently with high-profile investors and short sellers both involved in one of the most interesting dramas ever. Valeant's shareholder base includes some of the most admired investors including Bill Ackman (Trades, Portfolio), Jeff Ubben (Trades, Portfolio), the Sequoia Fund, Lou Simpson (Trades, Portfolio) and Wallace Weitz. It is really fascinating to watch on the sideline as the events unfold. Read more...
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...
» More Bill Ackman Articles

Commentaries and Stories

  • Currently 5.00/5

Rating: 5.0/5 (2 votes)

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


  • Currently 4.00/5

Rating: 4.0/5 (1 vote)

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...

  • Currently 4.50/5

Rating: 4.5/5 (4 votes)

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...

  • Currently 0.00/5

Rating: 0.0/5 (0 votes)

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


  • Currently 0.00/5

Rating: 0.0/5 (0 votes)

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


  • Currently 0.00/5

Rating: 0.0/5 (0 votes)

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...

  • Currently 5.00/5

Rating: 5.0/5 (1 vote)

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...

  • Currently 0.00/5

Rating: 0.0/5 (0 votes)

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...

  • Currently 0.00/5

Rating: 0.0/5 (0 votes)

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...

  • Currently 0.00/5

Rating: 0.0/5 (0 votes)

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...

  • Currently 0.00/5

Rating: 0.0/5 (0 votes)

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...

  • Currently 3.00/5

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...

  • Currently 0.00/5

Rating: 0.0/5 (0 votes)

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...

  • Currently 5.00/5

Rating: 5.0/5 (1 vote)

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


  • Currently 0.00/5

Rating: 0.0/5 (0 votes)

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...

Add Notes, Comments

If you want to ask a question or report a bug, please create a support ticket.

Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)
FEEDBACK