Bill Ackman

Bill Ackman

Last Update: 2014-04-15

Number of Stocks: 7
Number of New Stocks: 0

Total Value: $8,231 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 LP fund

YearReturn (%)S&P500 (%)Excess Gain (%)
201029.715.0614.6
2008-13-3724.0

Top Ranked Articles

Bill Ackman Interview With Bloomberg
“Bank of America is attractive at the current price” Read more...
Competence, Margin of Safety or Financial Strength?
People are more likely to believe things they want to believe. At the same time people think that they are objective. A way to get out of this predicament is to look at the evidence and try to come up with a justification which would convince them that they should either reject the evidence or find a subset of evidence which is comforting. Read more...
Bill Ackman - Pershing Square 3Q 2011 Shareholder Letter; discussing JCP, FO, FBHS, FDO, GGP, C, CP
Dear Pershing Square Investor: Read more...
Gramercy Capital (GKK): A Graham Stock Wrapped in a Mystery
The investment analysis below is our twelfth in our series of guest posts, and is brought to you by friend of the blog PlanMaestro of the fantastic Variant Perceptions. We will keep the intro quick but safe to say we are honored to bring our readers Plan’s latest write-up on Gramercy Capital (GKK), which is as insightful and illuminating as we have come to expect from one of our favorite investors. In typical PlanMaestro fashion, we have decided to post the thesis in three parts, the first of which is below. Enjoy! Read more...
Bill Ackman's Full Presentation on the HKD
Bill Ackman gave a presentation yesterday at the Delevering Alpha Conference. Read more...
» More Bill Ackman Articles

Commentaries and Stories

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GuruFocus Real Time Picks of the Week
The following information is a highlight of the real-time guru activity we saw this week. To view more information on these gurus, check out their guru portfolios. The “Real Time Picks” reports the stock purchases and sells that Gurus have made within the prior two weeks. If a Guru makes a purchase or sell of a company in which they own a greater-than 5% stake, SEC regulations require them to report their transaction within two days. This week we saw notable increases and buys in Real Time activity from Bill Ackman (Trades, Portfolio) and Edward Lampert (Trades, Portfolio). More...

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Eddie Lampert Buys Sears Hometown, Bill Ackman Continues to Sell Beam Inc. Holding Eddie Lampert,Bill Ackman - Eddie Lampert Buys Sears Hometown, Bill Ackman Continues To Sell Beam Inc. Holding
Eddie Lampert has purchased a total of 173,574 new shares of a stock he already holds, Sears Hometown Outlet Stores Inc. (SHOS). The three transactions took place over April 15, 16 and 17, at share prices of $20.03, $20.62 and $21.53, respectively. Following the increases he owns a total of 5,959,990 shares, or 25.7% of the company’s stock. More...

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Bill Ackman Gains in Every Long Portfolio Position Bill Ackman - Bill Ackman Gains In Every Long Portfolio Position
With his enormous, hit-or-miss activist bets and bombastic style, owner of hedge fund Pershing Square Bill Ackman (Trades, Portfolio) stirs a great deal of controversy. In recent years several of his high-profile crusades failed to effect returns for his investors, such as at J.C. Penney (JCP) and Target (TGT), and his embattled short position in Herbalife (HLF). So far this year, he has begun to retreat from some of his other largest projects, such as Canadian Pacific Railway Ltd. (CP) and General Growth Properties (GGP), under better conditions. Below is an overview of the investor’s performance with the positions in his highly concentrated $8 billion portfolio, all of which are currently profitable. More...

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Bill Ackman Drops Canadian Pacific - Should You Pick It Up?
Canada is being home to one of the hottest transport debates seen in the last decade. Surprisingly enough it is far from legislating over auto pilots, bio fuels or frisking. The focus of Bill C-30, according to the Calgary Herald, is “federal legislation aimed at getting more grain moving on the rails.” Canadian Pacific (CP)’s chief operating officer Keith Creel told a House of Commons committee, however, that he had a great concern over the bill’s real effect. Company representatives argue that giving shippers the ability to transfer traffic to alternate railways may indeed slow down the grain supply chain due to increased handlings. More...

TRANSPORT, RAILROAD, CANADA, NORTH AMERICA, GRAIN


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Highly Active Gurus on This Stock, Should You Act?
During the last quarter of 2013, four gurus chose Air Products & Chemicals (APD) for a new investment. Paul Tudor Jones (Trades, Portfolio) and Jeremy Grantham (Trades, Portfolio) were the smaller investors with 6,799 and 10,700 shares respectively, when compared to Renaissance Technologies and Eric Mindich (Trades, Portfolio)’s purchase of 149,600 and 686,031 each. The largest shareholder remains Bill Ackman (Trades, More...

LONG, CHEMICALS


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Ackman on Short Selling
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BILL ACKMAN


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Why Activist Investor Bill Ackman Is Wrong in His Short Position Against Herbalife
According to GuruFocus Real Time Picks, on Feb. 26, Carl Icahn (Trades, Portfolio) added Herbalife Ltd. (HLF), at an average price of $66.62 and currently holds 17 million shares of the stock, worth 0.01% of his portfolio. So let's take a look at this company and try to explain to investors the reasons this is an apparently appealing investment opportunity when other hedge fund managers think it is a pyramid scheme and not a real business. More...

LONG, HERBALIFE, NUTRITION, WEIGHT, DIET


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Bill Ackman - Staking $1 Billion That Herbalife Will Fail, Then Lobbying to Bring It Down
WASHINGTON — At a Midtown Manhattan steakhouse last June, William A. Ackman, the activist hedge fund manager who had bet a billion dollars on the collapse of the nutritional supplement company Herbalife, offered his latest evidence to a handful of other hedge fund managers about why the company’s stock could soon plummet. More...

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4 Years and 1,500% Later with CONN Bill Ackman,David Einhorn - 4 Years And 1,500% Later With CONN
Over 4 years ago, I read Quality of Earnings and it felt like drinking from an ice cold fountain after dying of thirst. More...

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Letter from Former Bill Ackman Protege to Helen of Troy's Board of Directors
NEW YORK, Feb. 4, 2014 /PRNewswire/ -- Sachem Head Capital Management today sent a letter to the Board of Directors of leading consumer goods company Helen of Troy Limited (HELE). In the letter, Sachem Head outlines its belief that Helen of Troy shares are materially undervalued, highlighting the Board's apparent unwillingness to respond to recent inquiries regarding potential strategic combinations, and recommending actions for the Board of Directors to undertake to maximize value for the shareholders, including a thorough and legitimate review of strategic alternatives. More...

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Sam Zell to Bloomberg TV: Tom Perkins Right That Top 1% Unfairly Targeted
Sam Zell, billionaire investor and chairman and co-founder of Equity Group Investments, spoke with Bloomberg Television's Betty Liu today about the real estate and financial markets as well as Microsoft's new CEO, Satya Nadella and Obama's new policies. More...

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Bill Ackman's Letter to Investors Detailing the Resignation of His Herbalife Analyst
Bill Ackman (Trades, Portfolio) is down several hundred million on his high-profile short position in Herbalife. Now he has written the letter below detailing the resignation of his lead Herbalife (HLF) analyst. More...

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Bill Ackman Announces 30.9% Stake in Platform Specialty Products Bill Ackman - Bill Ackman Announces 30.9% Stake In Platform Specialty Products
On Jan. 23, Pershing Square founder Bill Ackman (Trades, Portfolio) disclosed ownership of 33,333,332 shares, or 30.9% ownership, of Platform Specialty Products (PAH). The 13G filing came on the same day the company began trading on the New York Stock Exchange and requested to cancel its former listing on the London Stock Exchange. His holding consists of 29,166,665 common shares and 12,500,001 warrants to purchase an additional 4,166,667 common shares, and makes him the company’s largest institutional shareholder. More...

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Distinguished Speaker Series: Bill Ackman
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BILL ACKMAN


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What Guru Investors Are Doing with J.C. Penney, Down 10% Richard Perry,Bill Ackman - What Guru Investors Are Doing With J.C. Penney, Down 10%
J.C. Penney (JCP) faced a tumultuous 2013: Its turnaround plan failed to gain traction, its most prominent investor Bill Ackman (Trades, Portfolio) dropped his shareholding, and its stock price was depleted by 60%. Guru investors had varying takes on the complex situation and continue to as the company attempts to move forward. More...

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Bill Ackman Enters More Swaps in Howard Hughes Bill Ackman - Bill Ackman Enters More Swaps In Howard Hughes
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2013 Year-End Reflections Bill Ackman,Warren Buffett - 2013 Year-End Reflections
As the year 2013 draws to a close, it is time to sit down and reflect upon the investment mistakes that I’ve committed during the year.  In doing so, I am immediately reminded of an excerpt from Warren Buffett’s 1989 letter to shareholders. More...

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Herbalife: The Greater Fools Theory Bill Ackman - Herbalife: The Greater Fools Theory
Short Squeezes – Easier Said, Than Done More...

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Herbalife: Is Bill Ackman Right or Wrong?
It's tough to be sure whether Bill Ackman, the Pershing Square founder and a savvy investor, is right or wrong about his Herbalife (HLF) short position. After all, the stock is up by more than 130% year-to-date and Ackman is losing well over $500 million. In addition, other great investors such as George Soros and Carl Icahn have made fortunes by betting on the company's shares. That said, it's tough to deny the company has been defending itself in dubious manners against the investor's tough accusations. More...

SHORT, CONSUMER STAPLES


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Bill Ackman Updates His Investors on Herbalife in Pershing Square's December Letter

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