Bill Ackman Pershing Square Capital Management
Bill Ackman is the founder and CEO of Pershing Square Capital Management, a New York–based hedge fund. He employs an activist investing approach, seeking to influence the management and direction of the publicly traded companies in which he invests. Frequently in the public eye, Ackman has been noted for both high-profile successes and controversies, such as his well-known short position in Herbalife.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Air Products & Chemicals
APD
|
+$1.07B |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
JCP
J.C. Penney Company, Inc.
JCP
|
+$667M |
| 2 |
GGP
GGP Inc.
GGP
|
+$647M |
| 3 |
Procter & Gamble
PG
|
+$542M |
| 4 |
Canadian Pacific Kansas City
CP
|
+$128M |
| 5 |
Matsons
MATX
|
+$5.07M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Industrials | 27.75% |
| 2 | Materials | 21.31% |
| 3 | Miscellaneous | 18.39% |
| 4 | Consumer Staples | 14.66% |
| 5 | Real Estate | 10.6% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
1
Canadian Pacific Kansas City
CP
$81.8B
| $2.85B | 27.75% |
115,625,960
-5,173,480
| -4% | -$128M |
2013 Q2
1 quarter
|
|
|
2
Air Products & Chemicals
APD
$69.3B
| $2.19B | 21.31% |
22,209,452
+11,295,992
| +104% | +$1.07B |
2013 Q2
1 quarter
|
|
|
3
CALL
Procter & Gamble
PG
$391B
| $1.89B | 18.39% |
25,000,000
| – | – |
2013 Q2
1 quarter
|
|
4
DELISTED
BEAM INC COM STK (DE)
BEAM
| $1.35B | 13.1% |
20,818,545
| – | – |
2013 Q2
1 quarter
|
|
|
BKW
5
DELISTED
BURGER KING WORLDWIDE
BKW
| $749M | 7.29% |
38,372,120
| – | – |
2013 Q2
1 quarter
|
|
|
GGP
6
DELISTED
GGP Inc.
GGP
| $688M | 6.7% |
35,681,182
-32,107,975
| -47% | -$647M |
2013 Q2
1 quarter
|
|
7
Howard Hughes
HHH
$5.05B
| $401M | 3.9% |
3,742,850
| – | – |
2013 Q2
1 quarter
|
|
|
8
Procter & Gamble
PG
$391B
| $161M | 1.56% |
2,123,893
-6,816,240
| -76% | -$542M |
2013 Q2
1 quarter
|
|
|
9
Matsons
MATX
$6.16B
| – | – |
-202,913
| Closed | -$5.07M | – |
|
|
JCP
10
DELISTED
J.C. Penney Company, Inc.
JCP
| – | – |
-39,075,771
| Closed | -$667M | – |
|
Similar funds
Bill Ackman's Q3 2013 Portfolio in Review
As of Q3 2013, Bill Ackman held 10 positions worth $10.3B, down 6.2% from $11B the previous quarter. Its ten largest holdings account for 100% of the portfolio.
Bill Ackman withdrew a net $916M in Q3 2013, closing 2 positions and reducing 3 holdings. Its most notable exit was J.C. Penney Company, Inc., an estimated $667M position sold in full.
By sector, the portfolio is most concentrated in Industrials at 28% of assets, up from 27% a quarter earlier, followed by Materials and Miscellaneous.
Against the trend, Bill Ackman added an estimated $1.07B to Air Products & Chemicals.
- Bill Ackman added most to Air Products & Chemicals in Q3 2013, an estimated $1.07B increase.
- Bill Ackman's biggest Q3 2013 reduction was GGP Inc., cutting an estimated $647M.
- Bill Ackman fully exited J.C. Penney Company, Inc. in Q3 2013, selling an estimated $667M.
- Bill Ackman's ten largest holdings make up 100% of its $10.3B portfolio in Q3 2013.
- Bill Ackman opened 0 new positions and closed 2 in Q3 2013.
- Bill Ackman's portfolio value fell 6.2% quarter-over-quarter to $10.3B.
Based on Pershing Square Capital Management's 13F filing for Q3 2013, filed 14 Nov 2013.