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 |
Hilton Worldwide Holdings Inc. Common Stock
HLT
|
+$791M |
| 2 |
Starbucks
SBUX
|
+$736M |
| 3 |
Lowe's Companies
LOW
|
+$106M |
| 4 |
RTX Corp
RTX
|
+$78.6M |
| 5 |
Automatic Data Processing
ADP
|
+$5.75M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Howard Hughes
HHH
|
+$98.2M |
| 2 |
Restaurant Brands International
QSR
|
+$64.3M |
| 3 |
Chipotle Mexican Grill
CMG
|
+$53.5M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 72.04% |
| 2 | Industrials | 9.97% |
| 3 | Technology | 8.96% |
| 4 | Materials | 7.01% |
| 5 | Real Estate | 2.02% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
1
Restaurant Brands International
QSR
$26.6B
| $1.03B | 17.28% |
19,685,602
-1,158,317
| -6% | -$64.3M |
2014 Q4
16 quarters
|
|
|
2
Lowe's Companies
LOW
$127B
| $881M | 14.79% |
9,536,591
+1,097,790
| +13% | +$106M |
2018 Q2
2 quarters
|
|
|
3
Chipotle Mexican Grill
CMG
$44.7B
| $838M | 14.07% |
97,039,950
-5,915,350
| -6% | -$53.5M |
2016 Q3
9 quarters
|
|
|
4
Hilton Worldwide Holdings Inc. Common Stock
HLT
$83.3B
| $786M | 13.19% |
+10,947,479
| New | +$791M |
2018 Q4
0 quarters
|
|
|
5
Starbucks
SBUX
$122B
| $757M | 12.71% |
+11,754,441
| New | +$736M |
2018 Q4
0 quarters
|
|
|
6
RTX Corp
RTX
$267B
| $594M | 9.97% |
8,863,765
+1,001,730
| +13% | +$78.6M |
2018 Q1
3 quarters
|
|
|
7
Automatic Data Processing
ADP
$122B
| $534M | 8.96% |
4,070,126
+40,699
| +1% | +$5.75M |
2017 Q2
6 quarters
|
|
8
Element Solutions
ESI
$7.91B
| $418M | 7.01% |
40,451,506
| – | – |
2014 Q1
19 quarters
|
|
|
9
Howard Hughes
HHH
$4.99B
| $120M | 2.02% |
1,294,035
-943,730
| -42% | -$98.2M |
2013 Q2
22 quarters
|
|
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Bill Ackman's Q4 2018 Portfolio in Review
As of Q4 2018, Bill Ackman held 9 positions worth $5.96B, up 14% from $5.21B the previous quarter. Its ten largest holdings account for 100% of the portfolio.
Bill Ackman deployed $1.5B of net new capital in Q4 2018, opening 2 new positions and adding to 3 existing holdings. Its largest new stake was Hilton Worldwide Holdings Inc. Common Stock: 10,947,479 shares worth $786M.
By sector, the portfolio is most concentrated in Consumer Discretionary at 72% of assets, up from 60% a quarter earlier, followed by Industrials and Technology.
On the sell side, the largest reduction was Howard Hughes, an estimated $98.2M trimmed.
- Bill Ackman's largest Q4 2018 buy was Hilton Worldwide Holdings Inc. Common Stock: 10,947,479 shares worth $786M.
- Bill Ackman added most to Lowe's Companies in Q4 2018, an estimated $106M increase.
- Bill Ackman's biggest Q4 2018 reduction was Howard Hughes, cutting an estimated $98.2M.
- Bill Ackman's ten largest holdings make up 100% of its $5.96B portfolio in Q4 2018.
- Bill Ackman opened 2 new positions and closed 0 in Q4 2018.
- Bill Ackman's portfolio value rose 14% quarter-over-quarter to $5.96B.
Based on Pershing Square Capital Management's 13F filing for Q4 2018, filed 14 Feb 2019.