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 |
Agilent Technologies
A
|
+$210M |
| 2 |
Berkshire Hathaway Class B
BRK.B
|
+$104M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Automatic Data Processing
ADP
|
+$666M |
| 2 |
Chipotle Mexican Grill
CMG
|
+$46.6M |
| 3 |
Restaurant Brands International
QSR
|
+$41.1M |
| 4 |
Hilton Worldwide
HLT
|
+$38.9M |
| 5 |
Lowe's Companies
LOW
|
+$30.3M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 81.3% |
| 2 | Financials | 12.87% |
| 3 | Healthcare | 3.44% |
| 4 | Real Estate | 2.39% |
| 5 | Technology | 0% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Chipotle Mexican Grill
CMG
$40.5B
| $1.45B | 22.33% |
86,215,500
-2,920,000
| -3% | -$46.6M |
|
|
2
Restaurant Brands International
QSR
$25.6B
| $1.07B | 16.54% |
15,084,304
-556,761
| -4% | -$41.1M |
|
|
3
Hilton Worldwide
HLT
$70.8B
| $983M | 15.15% |
10,556,805
-409,446
| -4% | -$38.9M |
|
|
4
Lowe's Companies
LOW
$124B
| $947M | 14.59% |
8,613,212
-287,323
| -3% | -$30.3M |
|
|
5
Berkshire Hathaway Class B
BRK.B
$1.11T
| $835M | 12.87% |
4,015,594
+502,597
| +14% | +$104M |
|
6
Starbucks
SBUX
$122B
| $824M | 12.69% |
9,313,890
| – | – |
|
|
7
Agilent Technologies
A
$42.2B
| $223M | 3.44% |
+2,916,103
| New | +$210M |
|
8
Howard Hughes
HHH
$4B
| $155M | 2.39% |
1,253,338
| – | – |
|
|
9
Automatic Data Processing
ADP
$108B
| – | – |
-4,029,526
| Closed | -$666M |
|
Similar funds
Bill Ackman's Q3 2019 Portfolio in Review
As of Q3 2019, Bill Ackman held 9 positions worth $6.49B, down 3.3% from $6.71B the previous quarter. Its ten largest holdings account for 100% of the portfolio.
Bill Ackman withdrew a net $509M in Q3 2019, closing 1 position and reducing 4 holdings. Its most notable exit was Automatic Data Processing, an estimated $666M position sold in full.
By sector, the portfolio is most concentrated in Consumer Discretionary at 81% of assets, up from 77% a quarter earlier, followed by Financials and Healthcare.
Against the trend, Bill Ackman opened a new position in Agilent Technologies worth $223M.
- Bill Ackman's largest Q3 2019 buy was Agilent Technologies: 2,916,103 shares worth $223M.
- Bill Ackman added most to Berkshire Hathaway Class B in Q3 2019, an estimated $104M increase.
- Bill Ackman's biggest Q3 2019 reduction was Chipotle Mexican Grill, cutting an estimated $46.6M.
- Bill Ackman fully exited Automatic Data Processing in Q3 2019, selling an estimated $666M.
- Bill Ackman's ten largest holdings make up 100% of its $6.49B portfolio in Q3 2019.
- Bill Ackman opened 1 new position and closed 1 in Q3 2019.
- Bill Ackman's portfolio value fell 3.3% quarter-over-quarter to $6.49B.
Based on Pershing Square Capital Management's 13F filing for Q3 2019, filed 14 Nov 2019.