Bill Ackman

Bill Ackman

Last Update: 08-14-2015

Number of Stocks: 7
Number of New Stocks: 0

Total Value: $14,446 Mil
Q/Q Turnover: 0%

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

Bill Ackman Watch

  • GE Has Been an Absolute Failure in Allocating Capital – Bill Ackman

    Bill Ackman (Trades, Portfolio) isn't too worried about hurting feelings at General Electric (NYSE:GE).

    When asked about the giant American company Ackman says that it has a miserable track record of allocating capital. Ackman believes ventures like NBC (NBC) and oil and gas have cost GE shareholders a lot of money over the years.


  • A Half Hour With Bill Ackman – Why Are The Markets So Volatile?

    Why have the markets been so volatile?

    Bill Ackman (Trades, Portfolio) points to the fact that a huge amount of money is traded based on nothing that has to do with long-term company fundamentals.


  • What Top Value Investors Think About Fed's Interest Rate Decision

    Market volatility has increased as the Federal Reserve’s decision on whether to raise interest rates for the first time in almost a decade approaches this week. Many value investors, who typically remain relatively impassive in the face of market vagaries, nevertheless have been addressing the noteworthy event.

    The following is a collection of guru interviews and shareholder letter excerpts that discuss how they view interest rates, what they expect the outcome of a Fed move to be and whether the macro decision will change their investing in any way.


  • Bill Ackman Comments on Fannie Mae, Freddie Mac

    Fannie Mae (FNMA) / Freddie Mac (FMCC)

    Fannie and Freddie reported another strong quarter. These results further corroborate our thesis that both entities could recapitalize and safely exit conservatorship if the Net Worth Sweep (the U.S. Government’s expropriation of each quarter’s net worth by extraordinary dividends) is eliminated. During the quarter, there were a number of positive legal developments in the shareholder litigation against the U.S. Government expropriation.


  • Bill Ackman Comments on Nomad Foods Ltd.

    Nomad Foods Ltd. (NHL)

    Nomad is a Special Purpose Acquisition Company (“SPAC”) sponsored by Martin Franklin and Noam Gottesman. The SPAC originally raised $500 million in the spring of 2014. In the spring of 2015, Martin approached us with an opportunity to become an anchor shareholder in Nomad. At that time, Nomad was contemplating a $2.8 billion acquisition of Iglo Group. Given the size of the acquisition, it needed to raise substantial additional equity.


  • Bill Ackman Comments on Herbalife Short

    Herbalife (NYSE:HLF) Short

    Despite the substantial increase in HLF’s share price year to date, we remain confident that HLF is an unlawful pyramid scheme that will eventually be shut down by regulators or collapse on its own.


  • Bill Ackman Comments on Howard Hughes Corp

    Howard Hughes Corp. (NYSE:HHC)

    HHC reported mixed results for the quarter with strong NOI growth from operating assets, continued sales of condominiums in Hawaii at record-setting prices, and reduced land sales at the company’s Houston master planned communities (MPCs) due to lower demand as a result of uncertainty in the energy business.


  • Bill Ackman Comments on Restaurant Brands International

    Restaurant Brands International (NYSE:QSR)

    QSR delivered another strong quarter of earnings. The company’s Burger King (BKW) division achieved substantial improvement in same store sales (SSS) in the U.S. SSS grew an industry-leading 8% during the quarter, the best result that BKW has delivered in nearly a decade. The company attributes its growth to a combination of factors, including recently remodeled stores, strong limited-time product offerings, an enhanced value menu, and improved service times.


  • Bill Ackman Comments on Zoetis Inc.

    Zoetis, Inc. (NYSE:ZTS)

    Second quarter earnings exceeded analyst expectations. Management raised 2015 earnings guidance modestly for the year. Revenue growth in the quarter was impressive. Organic revenue adjusted for foreign exchange was 9%. Approximately 80% of revenue growth in the quarter is attributable to volume growth of recently launched and existing products. Operating expenses, adjusted for foreign exchange, rose only 1%, despite an 11% increase in revenue. Management announced significant progress in its R&D portfolio, including advances in new product innovation and improvements to existing products.


  • Bill Ackman Comments on Canadian Pacific

    Canadian Pacific (NYSE:CP)

    Canadian Pacific’s second quarter earnings were strong despite a revenue decline of 2% due to reduced volumes reflecting lower grain and oil shipments as a result of lower commodity prices.


  • Bill Ackman Comments on Air Products and Chemicals

    Air Products and Chemicals, Inc. (NYSE:APD)

    Air Products announced impressive fiscal third quarter results. APD is making substantial improvements as the transformation under CEO Seifi Ghasemi takes effect. During the quarter, revenue, operating income, unlevered return on capital, and earnings per share increased substantially despite meaningful foreign exchange headwinds.


  • Bill Ackman Comments on Valeant

    Valeant (NYSE:VRX)

    On April 1, 2015, Valeant closed the acquisition of Salix, the largest acquisition in its history. Valeant has rapidly integrated Salix. Highlights of the integration include the realization of $500 million of cost synergies, the restructuring of Salix’s sales force, and an important FDA approval. Salix’s financial results since the acquisition have substantially exceeded budget.


  • Bill Ackman Comments on Mondelez

    Mondelez (NASDAQ:MDLZ)

    On August 6, 2015, Pershing Square Capital Management, L.P. announced a 7.5% stake in Mondelez, which we acquired at approximately $40 per share. The investment is comprised of common shares, forward purchase contracts, and long-term, in-the-money call options.


  • Bill Ackman's Semi-Annual 2015 Letter

    Ackman said year to date through July 2015, he returned 13.0% gross and 10.1% net of fees, compared to 3.4% for the S&P 500. The letter below refers to the six months ended June 30, 2015, and was released Aug. 26:

    Investment Manager’s Report


  • Bill Ackman: Overall, Stocks Are Pretty Cheap

    Bill Ackman (Trades, Portfolio), founder and frequently activist investor of Pershing Square, talked with CNBC about his current take on stocks, why he likes Mondelez (NASDAQ:MDLZ) and the state of his campaign against Herbalife (NYSE:HLF), which he is shorting. He also talks about his involvement in Canadian Pacific Railway (CP), joined by the CEO of the company, Hunter Harrison.



  • Bill Ackman Exclusive Interview With Fox Business

    Bill Ackman (Trades, Portfolio) of Pershing Square Capital Management did a joint interview on Fox Business with Howard Hughes CEO David Weinreb. Pershing Square Capital Managment owns over 13% of Howard Hughes Corporation (NYSE:HHC) shares. Ackman and Weinreb sat down and did an inteview with Fox Business where both men discussed the turnaround of Howard Hughe and other topics. After doing a joint interview with Weinreb, Ackman did a one-on-one interview. Ackman discussed why he is bullish and China and his views on the U.S. minimum wage. This is just day one of Fox Business Exclusive Interview with Ackman.

    Joint Interview With Fox Business:


  • Market Continues to Look Expensive After Low August Returns

    August was undoubtedly a tough month for the market, with share prices plunging on Aug. 18 and leading to a selloff on Aug. 21, reaching what some consider the first meaningful correction in years.

    At the close of trading on Aug. 21, the S&P 500 fell 3.2% or 64.84 points to 1,970.89. According to the S&P Dow Jones Indices, the index lost $1.14 trillion in value that week. The DJIA was down 530.94 points to 16,459.75. Macro concerns that may have led to the selloff include Greece’s ongoing financial troubles, including its default on an IMF loan on June 30. China’s economic instability, however, gradually overtook Greece in the headlines, and was also blamed for spooking investors, as the country unexpectedly devalued its currency.


  • Pershing Square Holdings (Bill Ackman) June 2015 Update

  • Pershing Square Holdings Ltd: 1H Letter to Shareholders

    Pershing Square Holdings Ltd., the publicly traded holdings company of billionaire Bill Ackman (Trades, Portfolio), trades on both the London and Amsterdam stock exchanges. Pershing Square can't list shares on the open exchanges in the United States. Hedge funds are not allowed to listed their shares publicly in the U.S., forcing U.S. hedge funds to list their shares abroad. Pershing Square Holdings is currently trading for 5x its earnings and 0.85x its NAV value. Pershing Square had a net asset value, at the end of July, of $29.03/share and the firm is trading for $24.84/share. The firm has released its first half of the year results to shareholders.

    Pershing Square Holdings Ltd. six months results


  • Valeant Pharmaceuticals' New Female Drug

    Valeant Pharmaceuticals (NYSE:VRX) has confirmed that it will pay $1.0 billion to buy Sprout Pharmaceuticals, the closely held company that has just won U.S. approval to sell the first drug that aims to increase women 's libido. Under the terms of the agreement, which echoes The Wall Street Journal, Valeant will pay $ 500 million in cash upfront and pay the other party early next year, whose pink pills, known as “female Viagra,” will be sold under the name Addyi. The deal is scheduled to close in the third quarter.

    Other acquisitions


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