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Bill Ackman Buys Sears Holdings Corp., Target Corp., Greenlight Capital Re, LTD., Sells Staples Inc.

November 17, 2007 | About:

When activist investor Bill Ackman bought Sears, there were a lot of guess work on how he is going to work with Eddie Lampert. This is the disclosure of the details of his purchases. Bill Ackman owns 8 stocks with a total value of $3 billion.

Bill Ackman buys Sears Holdings Corp., GREENLIGHT CAPITAL RE, LTD., sells Staples Inc., iShares Dow Jones US Real Estate Index F during the 3-months ended 09/30/2007, according to the most recent filings of his investment company, Pershing Square Capital Management, L.P.. Bill Ackman owns 8 stocks with a total value of $3 billion. These are the details of the buys and sells.

  • New Purchases: GLRE, SHLD,
  • Added Positions: TGT,
  • Reduced Positions:
  • Sold Out: IYR, SPLS,

Added: Target Corp. (TGT)

Bill Ackman added to his holdings in Broadline Retailers company Target Corp. by 111.44%. His purchase prices were between $60.21 and $69.79, with an estimated average price of $64. The impact to his portfolio due to this purchase was 4.02%. His holdings were 3,548,060 shares as of 09/30/2007.

Target Corporation engages in the operation of general merchandise and food discount stores in the United States. It offers an assortment of general merchandise, including consumables and commodities; electronics, entertainment, sporting goods, etc. Target Corp. has a market cap of $45.61 billion; its shares were traded at around $53.88 with P/E ratio of 15.69 and P/S ratio of 0.75. The dividend yield of Target Corp. stocks is 1%.

New Purchase: Sears Holdings Corp. (SHLD)

Bill Ackman initiated holdings in Broadline Retailers company Sears Holdings Corp.. His purchase prices were between $127.2 and $174.06, with an estimated average price of $141.5. The impact to his portfolio due to this purchase was 21.51%. His holdings were 5,000,000 shares as of 09/30/2007.

Sears Holdings Corporation, through its subsidiaries, operates as a broad-line retailer in the United States and Canada. The company operates through three segments: Kmart, Sears Domestic, and Sears Canada. Sears Holdings Corp. has a market cap of $17.28 billion; its shares were traded at around $120.97 with P/E ratio of 13.17 and P/S ratio of 0.32.

New Purchase: GREENLIGHT CAPITAL RE, LTD. (GLRE)

Bill Ackman initiated holdings in Broadline Retailers company GREENLIGHT CAPITAL RE, LTD.. His purchase prices were between $19.65 and $23.87, with an estimated average price of $20.8. The impact to his portfolio due to this purchase was 0.17%. His holdings were 250,000 shares as of 09/30/2007.

Greenlight Capital Re, Ltd., through its subsidiary, Greenlight Reinsurance, Ltd., provides specialty property and casualty reinsurance services worldwide. GREENLIGHT CAPITAL RE, LTD. has a market cap of $766.08 million; its shares were traded at around $0 with P/E ratio of 11.42 and P/S ratio of 6.83.

Sold Out: iShares Dow Jones US Real Estate Index F (IYR)

Bill Ackman sold out his holdings in Nonequity Investment Instruments company iShares Dow Jones US Real Estate Index F. His sale prices were between $69.26 and $79.39, with an estimated average price of $73.9. The impact to his portfolio due to this sale was less than 0.01%. Its shares were traded at around $69.99 . The dividend yield of iShares Dow Jones US Real Estate Index F stocks is 3.9%.

Sold Out: Staples Inc. (SPLS)

Bill Ackman sold out his holdings in Specialty Retailers company Staples Inc.. His sale prices were between $21.49 and $24.83, with an estimated average price of $23.3. The impact to his portfolio due to this sale was less than 0.01%.

Staples, Inc., together with its subsidiaries, operates office products superstores worldwide. It offers business machines, computers and related products, and office furniture. Staples Inc. has a market cap of $15.06 billion; its shares were traded at around $21.09 with P/E ratio of 15.21 and P/S ratio of 0.79. The dividend yield of Staples Inc. stocks is 1.4%.

 


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