Bill Ackam seems to be one of the few who benefited from market crash. He shorted bond insurers and a few financials. But he is getting into financials now.
Bill Ackman buys Wachovia Corp., VISA INC, American International Group Inc., MasterCard Inc., EMC Corp., Dr Pepper Snapple Group Inc., sells CADBURY PLC during the 3-months ended 10/31/2008, according to the most recent filings of his investment company, Pershing Square Capital Management, L.P.. Bill Ackman owns 14 stocks with a total value of $3.8 billion. These are the details of the buys and sells.
- New Purchases: AIG, MA, V, WB, DPS, EMC,
- Added Positions: DPS, EMC, WEN, WEN,
- Reduced Positions: SHLD, CBY,
- Sold Out: CBY,
For the details of Bill Ackman's stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=Bill+Ackman
Added: Wendy's International Inc. (WEN)
Bill Ackman added to his holdings in Wendy's International Inc. by 325%. His purchase prices were between $5.3 and $6.22, with an estimated average price of $5.7. The impact to his portfolio due to this purchase was 5.91%. His holdings were 55,619,748 shares as of 10/31/2008.
WENDY'S/ARBY'S GROUP Inc. is the third largest quick-service restaurant company in the United States and is the franchisor of the Wendy's and Arby's restaurant systems. The combined restaurant systems include more than 10000 restaurants in 50 states and 21 countries worldwide. Wendy's International Inc. has a market cap of $1.82 billion; its shares were traded at around $3.3 with P/S ratio of 1.24. The dividend yield of Wendy's International Inc. stocks is 8.84%.
Added: EMC Corp. (EMC)
Bill Ackman added to his holdings in EMC Corp. by 46.85%. His purchase prices were between $12.57 and $15.74, with an estimated average price of $14.2. The impact to his portfolio due to this purchase was 5.91%. His holdings were 58,615,731 shares as of 10/31/2008.
EMC Corporation and its subsidiaries design manufacture market and support a wide range of hardware and software products and provide services for the storage management protection and sharing ofelectronic information. These integrated solutions enable organizations tocreate an enterprise information infrastructure or what EMC calls anE-Infostructure. EMC is the leading supplier of these solutions which comprise information storage systems software and services. EMC Corp. has a market cap of $21.29 billion; its shares were traded at around $9.86 with a P/E ratio of 14.08 and P/S ratio of 1.37.
Added: Dr Pepper Snapple Group Inc. (DPS)
Bill Ackman added to his holdings in Dr Pepper Snapple Group Inc. by 3.51%. His purchase prices were between $20.2 and $26.52, with an estimated average price of $23.2. The impact to his portfolio due to this purchase was 0.52%. His holdings were 22,128,910 shares as of 10/31/2008.
DR PEPPER SNAPPLE Group is one of the largest beverage companies in the Americas. They manufacture market and distribute more than 50 brands of carbonated soft drinks juices ready to drink teas mixers and other premium beverages across the United States Canada Mexico and the Caribbean. Dr Pepper Snapple Group Inc. has a market cap of $4.61 billion; its shares were traded at around $20.91 with a P/E ratio of 9.32 and P/S ratio of 0.91.
New Purchase: Wachovia Corp. (WB)
Bill Ackman initiated holdings in Wachovia Corp.. His purchase prices were between $10 and $18.91, with an estimated average price of $15.1. The impact to his portfolio due to this purchase was 8.93%. His holdings were 96,599,975 shares as of 10/31/2008.
Wachovia Corporation is a leading provider of financial services to retail and corporate customers throughout the East Coast and the nation. The company operates full-service banking offices in East Coast states and Washington D.C. and offers full-service brokerage with offices in 47 states and global services through more than 30 international offices. Wachovia Corp. has a market cap of $12.05 billion; its shares were traded at around $5.17 with P/S ratio of 1.05. The dividend yield of Wachovia Corp. stocks is 3.12%.
New Purchase: VISA INC (V)
Bill Ackman initiated holdings in VISA INC. His purchase prices were between $61.92 and $77.81, with an estimated average price of $72.4. The impact to his portfolio due to this purchase was 4.38%. His holdings were 2,703,618 shares as of 10/31/2008.
VISA operates the world's largest retail electronic payments network and is one of the most recognized global financial services brands. Visa facilitates global commerce through the transfer of value and information among financial institutions merchants consumers businesses and government entities. VISA INC has a market cap of $42.35 billion; its shares were traded at around $51.75 with a P/E ratio of 93.86 and P/S ratio of 6.43. The dividend yield of VISA INC stocks is 0.76%.
New Purchase: American International Group Inc. (AIG)
Bill Ackman initiated holdings in American International Group Inc.. His purchase prices were between $3.15 and $26.97, with an estimated average price of $19.8. The impact to his portfolio due to this purchase was 2.91%. His holdings were 33,088,568 shares as of 10/31/2008.
American International Group Inc. world leaders in insurance and financial services is the leading international insurance organization with operations in more than one hundred thirty countries and jurisdictions. AIG companies serve commercial institutional and individual customers through the most extensive worldwide property-casualty and life insurance networks of any insurer. In addition AIG companies are leading providers of retirement services financial services and asset management around the world. American International Group Inc. has a market cap of $5.54 billion; its shares were traded at around $2.03 with P/S ratio of 0.07.
New Purchase: MasterCard Inc. (MA)
Bill Ackman initiated holdings in MasterCard Inc.. His purchase prices were between $184.9 and $280.59, with an estimated average price of $238.5. The impact to his portfolio due to this purchase was 2.67%. His holdings were 569,924 shares as of 10/31/2008.
MASTERCARD INCORPORATED advances global commerce by providing a critical economic link among financial institutions businesses cardholders and merchants worldwide. As a franchisor processor and advisor MasterCard develops and markets payment solutions and provides industry-leading analysis and consulting services to financial institution customers and merchants. Its family of brands include MasterCard Maestro and Cirrus. MasterCard Inc. has a market cap of $19 billion; its shares were traded at around $136.47 with P/S ratio of 3.64. The dividend yield of MasterCard Inc. stocks is 0.41%.
Reduced: Sears Holdings Corp. (SHLD)
Bill Ackman reduced to his holdings in Sears Holdings Corp. by 92.57%. His sale prices were between $70.91 and $101.48, with an estimated average price of $87.1. The impact to his portfolio due to this sale was -1.15%. Bill Ackman still held 501,000 shares as of 10/31/2008.
Sears Holdings Corporation the parent of Kmart and Sears Roebuck and Co. is the leading home appliance retailer in North America and is a retail sales leader in tools lawn and garden home electronics and automotive repair and maintenance. Key proprietary brands include Kenmore Craftsman and DieHard and a broad apparel offering including such well-known labels as Lands' End Jaclyn Smith and Joe Boxer as well as the Apostrophe and Covington brands. Sears Holdings Corp. has a market cap of $5.63 billion; its shares were traded at around $44.88 with a P/E ratio of 13.57 and P/S ratio of 0.11.
Sold Out: CADBURY PLC (CBY)
Bill Ackman sold out his holdings in CADBURY PLC. His sale prices were between $43.34 and $49.53, with an estimated average price of $46.9. The impact to his portfolio due to this sale was less than 0.01%.
CADBURY PLC is the world's largest confectionery business with number one or number two positions in twenty of the world's fifty largest confectionery markets. It also has the largest and most broadly spread emerging markets business of any confectionery company. With origins stretching back nearly 200 years Cadbury's brands include many global regional and local favourites including Cadbury Creme Egg and Green and Black's in chocolate; Trident Dentyne Hollywood and Bubbaloo in gum; and Halls Cadbury Eclairs Bassett?s and the Natural Confectionery Company in candy. CADBURY PLC has a market cap of $61.91 billion; its shares were traded at around $33.22 with a P/E ratio of 127.49 and P/S ratio of 4.87. The dividend yield of CADBURY PLC stocks is 1.13%.
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