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Bill Ackman

Bill Ackman Pershing Square Capital Management

AUM $13.7B
1-Year Est. Return 13.45%
 

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.

This Fund
S&P 500
This Quarter Est. Return
+4.94%
1 Year Est. Return
+13.45%
3 Year Est. Return
+64.66%
5 Year Est. Return
+90.44%
10 Year Est. Return
+446.13%
AUM
$10.3B
AUM Growth
-$677M
Cap. Flow
-$916M
Cap. Flow %
-8.91%
Top 10 Hldgs %
100%
Holding
10
New
–
Increased
1
Reduced
3
Closed
2

Top Buys

Rank Stock Value
1
APD icon
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
PG icon
Procter & Gamble
PG
+$542M
4
CP icon
Canadian Pacific Kansas City
CP
+$128M
5
MATX icon
Matsons
MATX
+$5.07M

Sector Composition

Rank Sector Weight
1 Industrials 27.75%
2 Materials 21.31%
3 Consumer Staples 14.66%
4 Real Estate 10.6%
5 Consumer Discretionary 7.29%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
CP icon
1
Canadian Pacific Kansas City
CP
$80.8B
$2.85B 27.75%
115,625,960
-5,173,480
-4% -$128M
APD icon
2
Air Products & Chemicals
APD
$68.9B
$2.19B 21.31%
22,209,452
+11,295,992
+104% +$1.07B
PG icon
3
CALL
Procter & Gamble
PG
$338B
$1.89B 18.39%
25,000,000
– –
BEAM
4
DELISTED
BEAM INC COM STK (DE)
BEAM
$1.35B 13.1%
20,818,545
– –
BKW
5
DELISTED
BURGER KING WORLDWIDE
BKW
$749M 7.29%
38,372,120
– –
GGP
6
DELISTED
GGP Inc.
GGP
$688M 6.7%
35,681,182
-32,107,975
-47% -$647M
HHH icon
7
Howard Hughes
HHH
$4B
$401M 3.9%
3,742,850
– –
PG icon
8
Procter & Gamble
PG
$338B
$161M 1.56%
2,123,893
-6,816,240
-76% -$542M
MATX icon
9
Matsons
MATX
$6.11B
– –
-202,913
Closed -$5.07M
JCP
10
DELISTED
J.C. Penney Company, Inc.
JCP
– –
-39,075,771
Closed -$667M

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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 Consumer Staples.

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.