William Ackman
Bill Ackman runs hedge fund Pershing Square Capital, which he started in 2003 following the dissolution of Gotham Partners.
Ackman is a value investor with an activist bent. Activist investors agitate management for changes. He owns large positions in Target (NYSE: TGT) and Borders (NYSE: BGP). He has also been involved in activist situations at Wendy's (NYSE: WEN) and McDonald's (NYSE: MCD).
Ackman proved his acumen as a short seller in 2007/2008 as short positions he held in MBIA (NYSE: MBI) and Ambac (NYSE: ABK) proved to be big winners due to the credit crunch.
In July 2008, Ackman said he was short the common stock of Fannie Mae (NYSE: FNM) and Freddie Mac (NYSE: FRE). Ackman also laid out a plan to reorganize the GSEs, which would wipe out the common shareholders.
William Ackman's Portfolio
Last Updated on 8/5/08 @ 01:43pm
| Ticker | # of Shares | Change | Price | Value | ||
|---|---|---|---|---|---|---|
| TGT | 23,992,949 | +0.20 | +0.42% | $47.46 | $1,138,705,360 | Related Stories » |
| SHLD | 6,746,568 | -0.60 | -0.84% | $71.06 | $479,411,123 | Related Stories » |
| LDG | 3,137,659 | +0.00 | +0.00% | $71.51 | $224,373,996 | Related Stories » |
| BKS | 6,540,451 | -1.56 | -6.63% | $21.96 | $143,628,304 | Related Stories » |
| WEN | 7,144,099 | +0.01 | +0.24% | $4.12 | $29,433,688 | Related Stories » |
| BGP | 10,597,880 | -0.16 | -7.96% | $1.85 | $19,606,078 | Related Stories » |
| GLRE | 249,905 | +0.05 | +0.21% | $23.76 | $5,937,743 | Related Stories » |
| CBY | 22,646 | +0.14 | +0.26% | $53.94 | $1,221,526 | Related Stories » |
| MBI | N/A | -0.10 | -2.82% | $3.44 | N/A | Related Stories » |
| FRE | N/A | -0.03 | -2.59% | $1.13 | N/A | Related Stories » |
| FNM | N/A | -0.01 | -0.99% | $1.00 | N/A | Related Stories » |
| ABK | N/A | -0.04 | -4.44% | $0.86 | N/A | Related Stories » |
*shorted stocks appear in red
