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 |
RTX Corp
RTX
|
+$255M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Nike
NKE
|
+$365M |
| 2 |
Howard Hughes
HHH
|
+$322M |
| 3 |
Mondelez International
MDLZ
|
+$308M |
| 4 |
Restaurant Brands International
QSR
|
+$129M |
| 5 |
Automatic Data Processing
ADP
|
+$100M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 47.92% |
| 2 | Technology | 18.65% |
| 3 | Consumer Staples | 13.95% |
| 4 | Materials | 8.06% |
| 5 | Real Estate | 6.35% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
1
Restaurant Brands International
QSR
$26.3B
| $1.38B | 28.65% |
24,320,295
-2,180,434
| -8% | -$129M |
2014 Q4
13 quarters
|
|
2
Chipotle Mexican Grill
CMG
$44.6B
| $931M | 19.27% |
144,123,150
| – | – |
2016 Q3
6 quarters
|
|
|
3
Automatic Data Processing
ADP
$122B
| $901M | 18.65% |
7,941,957
-856,485
| -10% | -$100M |
2017 Q2
3 quarters
|
|
|
4
Mondelez International
MDLZ
$85.5B
| $674M | 13.95% |
16,156,591
-7,099,811
| -31% | -$308M |
2015 Q3
10 quarters
|
|
5
Element Solutions
ESI
$8.03B
| $390M | 8.06% |
40,451,506
| – | – |
2014 Q1
16 quarters
|
|
|
6
Howard Hughes
HHH
$4.96B
| $307M | 6.35% |
2,312,556
-2,622,500
| -53% | -$322M |
2013 Q2
19 quarters
|
|
|
7
RTX Corp
RTX
$268B
| $245M | 5.06% |
+3,089,683
| New | +$255M |
2018 Q1
0 quarters
|
|
|
8
Nike
NKE
$56.4B
| – | – |
-5,836,020
| Closed | -$365M | – |
|
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Bill Ackman's Q1 2018 Portfolio in Review
As of Q1 2018, Bill Ackman held 8 positions worth $4.83B, down 18% from $5.87B the previous quarter. Its ten largest holdings account for 100% of the portfolio.
Bill Ackman withdrew a net $969M in Q1 2018, closing 1 position and reducing 4 holdings. Its most notable exit was Nike, an estimated $365M position sold in full.
By sector, the portfolio is most concentrated in Consumer Discretionary at 48% of assets, down from 48% a quarter earlier, followed by Technology and Consumer Staples.
Against the trend, Bill Ackman opened a new position in RTX Corp worth $245M.
- Bill Ackman's largest Q1 2018 buy was RTX Corp: 3,089,683 shares worth $245M.
- Bill Ackman's biggest Q1 2018 reduction was Howard Hughes, cutting an estimated $322M.
- Bill Ackman fully exited Nike in Q1 2018, selling an estimated $365M.
- Bill Ackman's ten largest holdings make up 100% of its $4.83B portfolio in Q1 2018.
- Bill Ackman opened 1 new position and closed 1 in Q1 2018.
- Bill Ackman's portfolio value fell 18% quarter-over-quarter to $4.83B.
Based on Pershing Square Capital Management's 13F filing for Q1 2018, filed 15 May 2018.