Bill Ackman

Bill Ackman

Last Update: 05-15-2015

Number of Stocks: 8
Number of New Stocks: 2

Total Value: $14,970 Mil
Q/Q Turnover: 29%

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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Will Bill Ackman Go After Express Scripts Next?
Bill Ackman (Trades, Portfolio) of Pershing Square, the second most well known activist investor only after Carl Icahn (Trades, Portfolio), just raised more money by issuing a billion worth of bonds. The NY Post reported that according to a source on an investor's call: Ackman plans to use the debt proceeds to help his $20 billion fund take on a big target. Ackman gets his fair share of headlines, and his targets usually quickly get bumped up a few notches. That makes it both fun and potentially profitable to speculate on his next target. With his fund getting bigger and bigger targets are becoming scarce which helps. More...

LONG, ACTIVIST, HEALTHCARE, AUTO,


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Acquisition in the Health Care Industry Increased Volatility
In a previous article we discussed some reasons why Bill Ackman (Trades, Portfolio) initiated a position in Valeant Pharmaceuticals International (VRX) to $3.87 billion, according to the fund's latest filing. More...

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Bill Ackman's Pershing Square Releases Letter To Herbalife CEO Michael Johnson
Pershing Square Capital Management, L.P. released today a letter to Herbalife (HLF) CEO Michael Johnson concerning his serious admissions about Herbalife and its conduct that were revealed by the New York Post. The letter reads as follows: More...

Bill Ackman, Pershing Square, Herbalife


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Follow Bill Ackman in Valeant Pharmaceuticals
Over the past days hedge funds have been filing their form 13-F, which is a quarterly report of equity holdings filed by institutional investment managers with at least $100 million in equity assets under management, as required by the United States Securities and Exchange Commission (SEC). More...

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Post-Mortem Of A Failed Investment: J.C. Penney Bill Ackman - Post-Mortem Of A Failed Investment: J.C. Penney
In June 2012, I published an article outlining why I believed J.C. Penney (JCP) was a solid investment (here). At the time, the stock was trading at roughly $22 per share; three years later, it’s near $8 per share, for a loss on the investment of more than 60%. Clearly this is not how I envisioned this investment playing out. More...

LONG, JCP, JC Penney


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A Close Look of Herbalife Clubs Worldwide: Part II
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A Close Look of Herbalife Clubs Worldwide: Part I Bill Ackman,David Einhorn - A Close Look Of Herbalife Clubs Worldwide: Part I
This is a very long post. I have done a lot of work on Herbalife that should be made public – and I am travelling on several long-haul plane journeys which gave me time to splice it all together. [Now in New York via London and the Middle East.] More...

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The Latest Investing Moves by Seven Masters of the Universe Warren Buffett,Bill Ackman - The Latest Investing Moves By Seven Masters Of The Universe
45 days after quarter end, large institutional investors have to report their holdings to the SEC, which are then made available to the investing public. So as of late last week, we now have updated visibility into the trading machinations of the masters of the universe. More...

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Paul Tudor Jones Adds To Position in CSX Corp
Paul Tudor Jones (Trades, Portfolio) is the president and founder of Tudor Investment Corporation. He is one of the most successful investors of current times. Last quarter, he increased his stake in CSX Corporation (CSX) by buying 142,379 shares. As of March 31, he held 325,494 shares of the company. More...

LONG, TRANSPORTATION


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A Look at Bill Ackman’s Investment in Air Products Bill Ackman - A Look At Bill Ackman’s Investment In Air Products
Bill Ackman (Trades, Portfolio) is known for his activist approach. 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. More...

LONG, INDUSTRIALS


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Bill Ackman Adds Two Positions to Portfolio in 1QFY15 Bill Ackman - Bill Ackman Adds Two Positions To Portfolio In 1QFY15
Bill Ackman (Trades, Portfolio) added two new positions to his portfolio, according to GrurFocus Real Time Picks. The new additions bring his number of stocks to a total of eight and valued around $14.97 billion. His portfolio's quarter-over-quarter turnover is 29%. More...

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Ackman on Valeant Pharma: The Next Berkshire Hathaway?
Valeant Pharmaceuticals International Inc (VRX) is a specialty pharmaceutical and medical device company that develops, manufactures, and markets a range of generic and branded generic pharmaceuticals, over-the-counter products and medical devices. Under the control of CEO Michael Pearson, Valeant’s aggressive new acquisition strategy has been executed close to perfection. More...

BIOTECH, PHARMA, VALUE INVESTING, Bill Ackman, Valeant, Warren Buffett, Berkshire Hathaway


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Canadian Pacific’s Stock Corrects In Spite Of Good Results
Canadian Pacific’s (CP) stock has corrected ~10% since mid-April despite posting good last-quarter results. While the company’s revenues were in line, its Q1 EPS of C$2.26 was better than estimates by C$0.07. CP's operating ratio was an impressive 63.2% in Q1. The main reason behind the recent correction is cautious commentary by other railroad companies. I believe it is incorrect to club Canadian Pacific with other rail road companies as it is really doing a good job in terms of improving its operations. Billionaire hedge fund manager Bill Ackman (Trades, Portfolio), who has a sizable stake in the company, recently More...

LONG, TRANSPORTATION


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Air Product’s CEO Continues Buying The Stock Bill Ackman - Air Product’s CEO Continues Buying The Stock
Air Products and Chemicals (APD) is one of the current activist targets of Bill Ackman (Trades, Portfolio) and he currently holds 20,549,076 shares of the company. In addition to Bill Ackman, the company’s CEO - Seifollah Ghasemi – also seems very upbeat about the company’s prospects and is actively buying its shares. On May 1, 2015, he bought 20,000 shares of the company. In total, he has purchased 135,000 shares of the company since he became the CEO. He is the person in charge of turnaround and his buy back activity makes me bullish on the company. More...

LONG


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Baby Buffett - Will Bill Ackman Resurrect The Ghost Of Howard Hughes And Build A Corporate Empire?
Bill Ackman bounds onto the stage in the ballroom of the Crowne Plaza Hotel in midtown Manhattan in front of hundreds of his peers: the crème de la crème of hedge funds, law firms, endowments and large pension funds. It’s early April, and Ackman is determined to give the Active-Passive Investor Summit a preview of what he internally calls “Pershing Square 2.0″: his rebirth as a kinder, gentler investor, more focused on building companies that last than on making quick trading profits. More...

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Bill Ackman's Ira Sohn Presentation – Long Jarden, Platform Specialty Products and Valeant
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Weekly CEO Buys Highlight: APD, OPK, ASPS, ADTN, NSA
According to GuruFocus Insider Data, these are the largest CEO buys during the past week. The overall trend of CEOs is illustrated in the chart below: More...

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Bill Ackman Is Still 100% Confident In His Herbalife Short Bill Ackman - Bill Ackman Is Still 100% Confident In His Herbalife Short
Bill Ackman (Trades, Portfolio) is famously short Herbalife (HLF). More...

Bill Ackman, Herbalife, Video


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Bill Ackman May Buy This Railroad Company
CSX Corporation (CSX) is in the news recently due to rumours of Bill Ackman acquiring a sizable stake in the company. The company's stock has seen unusual stock price movements and options activity of late. UBS analyst pointed out that recent volume trend and stock performance of CSX is similar to that of Canadian Pacific (CP) during September and October 2011 when Pershing Square was buying its stock. I believe CSX's stock offers a good value at current levels. Here's a look at the company in detail. More...

LONG, Bill Ackman


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Time To Call In The Shorts On Lumber Liquidators
Here’s an interesting company that some consider the Walmart of flooring, selling really low quality (and cheap) hardwood floors. The company has a network of around 318 Lumber Liquidators stores located throughout the United States and Canada. More...

LUMBER LIQUIDATORS, FORMALDEHYDE, ASBESTOS, LL, CHEAP STOCK


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User Comments

SarahStewart732
ReplySarahStewart732 - 2 weeks ago
Emm highly interested in it? can you recommend me some tips?
UsLeatherFirm
KimJenkins055
ReplyKimJenkins055 - 3 weeks ago
can I get pdf of it? very good..
SamishLeather David Beckham Black Jacket

Hicksdianne10@google
ReplyHicksdianne10@google - 1 month ago
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Patsysherry725
ReplyPatsysherry725 - 3 months ago
this is definitely very important than other things. I always try to read prominent and major headlines.
Dominic Toretto Jacket
Gm1
ReplyGm1 - 9 months ago
Dear Sirs / Madams,

I am so interested in Pershing Square, would you please advise me its performance and cost? Thank you.

GM
Samchell@yahoo
ReplySamchell@yahoo - 1 year ago
Some stocks are best evaluated by hands-on personal empiricism. After going into a Walgreen's store, it's manifestly clear where it ranks compared to CVS or Rite Aid. As for Ackman's attraction to Mondelez, perhaps he likes some of the company's snack items, and no doubt enough other consumers will share his taste to move the stock in a positive direction. But anyone looking for more something more dramatic would be better advised to take note of the population's compulsive consumption of Hershey products. (Twizzler's Twist 'n Pull Cherry Licorice is candy heroin.) Also, like Coke and Kleenex, Hershey's is a brand name that's synonymous with the product. (When's the last time your spouse asked you to go to Walgreen's to pick up a "Mondelez Bar"?) In short, investing is a game of guessing, supported by past predilections and indicators that "may" have a bearing on future results. But 50% of stock picking is playing hunches. Never ignore the intangibles as well as personal impressions--that's can't be charted or measured by most systems.

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