Hedge fund manager, activist investor Bill Ackman made money shorting financials in 2008. He said that he takes activist position to make the company better, and realize the full business value. This is the Q3 portfolio update of his investment company, Pershing Square.
Bill Ackman buys Corrections Corp. Of America New during the 3-months ended 09/30/2009, according to the most recent filings of his investment company, Pershing Square Capital Management, L.P.. Bill Ackman owns 7 stocks with a total value of $3.1 billion. These are the details of the buys and sells.
For the details of Bill Ackman's stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=Bill+Ackman
This is the sector weightings of his portfolio:
These are the top 5 holdings of Bill Ackman
Mcdonald's Corp. has a market cap of $70.42 billion; its shares were traded at around $64.53 with a P/E ratio of 16.9 and P/S ratio of 3. The dividend yield of Mcdonald's Corp. stocks is 3.1%. Mcdonald's Corp. had an annual average earning growth of 7.2% over the past 10 years.
Target Corp. has a market cap of $37.81 billion; its shares were traded at around $50.29 with a P/E ratio of 18.1 and P/S ratio of 0.6. The dividend yield of Target Corp. stocks is 1.4%. Target Corp. had an annual average earning growth of 11.6% over the past 10 years. GuruFocus rated Target Corp. the business predictability rank of 5-star.
Corrections Corporation of America Company is the one of nation's largest providers of detention and corrections services to governmental agencies. The company is one of the industry leaders in private sector corrections with beds in facilities under contract for management in the United States and Puerto Rico. The company's full range of services includes design, construction, ownership, renovation and management of new or existing jails and prisons, as well as long distance inmate transportation services. (Company Press Release) Corrections Corp. Of America New has a market cap of $2.9 billion; its shares were traded at around $25.19 with a P/E ratio of 20.3 and P/S ratio of 1.8. Corrections Corp. Of America New had an annual average earning growth of 7% over the past 5 years
Bill Ackman buys Corrections Corp. Of America New during the 3-months ended 09/30/2009, according to the most recent filings of his investment company, Pershing Square Capital Management, L.P.. Bill Ackman owns 7 stocks with a total value of $3.1 billion. These are the details of the buys and sells.
For the details of Bill Ackman's stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=Bill+Ackman
This is the sector weightings of his portfolio:
These are the top 5 holdings of Bill Ackman
- Target Corp. (TGT) - 26,012,799 shares, 38.8% of the total portfolio
- EMC Corp. (EMC) - 58,678,780 shares, 31.95% of the total portfolio
- McDonald's Corp. (MCD) - 8,245,412 shares, 15.04% of the total portfolio
- Automatic Data Processing Inc. (ADP) - 6,118,353 shares, 7.68% of the total portfolio
- Corrections Corp. Of America New (CXW) - 7,355,620 shares, 5.32% of the total portfolio
Added: Mcdonald's Corp. (MCD, Financial)
Bill Ackman added to his holdings in Mcdonald's Corp. by 243.56%. His purchase prices were between $54.23 and $58.82, with an estimated average price of $56.25. The impact to his portfolio due to this purchase was 10.66%. His holdings were 8,245,412 shares as of 09/30/2009.Mcdonald's Corp. has a market cap of $70.42 billion; its shares were traded at around $64.53 with a P/E ratio of 16.9 and P/S ratio of 3. The dividend yield of Mcdonald's Corp. stocks is 3.1%. Mcdonald's Corp. had an annual average earning growth of 7.2% over the past 10 years.
Added: Target Corp. (TGT, Financial)
Bill Ackman added to his holdings in Target Corp. by 4.58%. His purchase prices were between $36.75 and $48.84, with an estimated average price of $43.76. The impact to his portfolio due to this purchase was 1.7%. His holdings were 26,012,799 shares as of 09/30/2009.Target Corp. has a market cap of $37.81 billion; its shares were traded at around $50.29 with a P/E ratio of 18.1 and P/S ratio of 0.6. The dividend yield of Target Corp. stocks is 1.4%. Target Corp. had an annual average earning growth of 11.6% over the past 10 years. GuruFocus rated Target Corp. the business predictability rank of 5-star.
New Purchase: Corrections Corp. Of America New (CXW, Financial)
Bill Ackman initiated holdings in Corrections Corp. Of America New. His purchase prices were between $16 and $22.78, with an estimated average price of $19.4. The impact to his portfolio due to this purchase was 5.32%. His holdings were 7,355,620 shares as of 09/30/2009.Corrections Corporation of America Company is the one of nation's largest providers of detention and corrections services to governmental agencies. The company is one of the industry leaders in private sector corrections with beds in facilities under contract for management in the United States and Puerto Rico. The company's full range of services includes design, construction, ownership, renovation and management of new or existing jails and prisons, as well as long distance inmate transportation services. (Company Press Release) Corrections Corp. Of America New has a market cap of $2.9 billion; its shares were traded at around $25.19 with a P/E ratio of 20.3 and P/S ratio of 1.8. Corrections Corp. Of America New had an annual average earning growth of 7% over the past 5 years
