William Ackman
William Ackman's Portfolio
Last Updated on 8/5/08 @ 01:43pm
| Ticker | # of Shares | Price | Value | |
|---|---|---|---|---|
| TGT | 23,992,949 | $50.02 | $1,200,127,309 | |
| SHLD | 6,746,568 | $69.56 | $469,291,271 | |
| LDG | 3,137,659 | $71.51 | $224,373,996 | |
| BKS | 6,540,451 | $20.53 | $134,275,460 | |
| WEN | 7,144,099 | $4.25 | $30,362,421 | |
| BGP | 10,597,880 | $2.13 | $22,573,485 | |
| GLRE | 249,905 | $23.54 | $5,882,764 | |
| CBY | 22,646 | $50.66 | $1,147,247 | |
| MBI | N/A | $3.79 | N/A | |
| FRE | N/A | $1.17 | N/A | |
| View Additional Portfolio Information » | ||||
*shorted stocks appear in red
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.
Bill Ackman's Pershing Square hedge fund released its 13F for the quarter ended December 31, 2008 yesterday. Notably, Ackman bought more of the credit card processor Visa (NYSE: V) but sold out of MasterCard (NYSE: MA). He also significantly cut his stakes in Dr Pepper Snapple (NYSE: DPS) and Wendy's/Arby's (NYSE: WEN).
Ackman had some big winner in ...
Late Friday, Walgreens (NYSE: WAG) announced an offer to acquire Longs Drug Stores Corporation (NYSE: LDG) for $75 per share in ...
Bill Ackman of Pershing Square Capital proved his trading acumen again today after Fannie (NYSE: FNM) and Freddie (NYSE: FRE) plummeted 90% after entering into U.S. conservatorship. Ackman has been short the common shares of both at least since July.
On Friday, Ackman even sent his latest letter to Treasury Secretary Henry Paulson outlining his plan on a bailout of ...
In a 13D filing on Longs Drug Stores (NYSE: LDG), Advisory Research disclosed a 9.2% stake (3,304,287 shares) in the company and raised questions about the pending merger with CVS Caremark (NYSE: CVS). The firm is asking for additional information regarding the assets of the Company, specifically with respect to the valuation of the real estate owned and leased by the Company.
NOTE: It has also been reported that another large Longs Drug holder, Bill Ackman of Pershing Square Capital, has raised similar questions.
From the Filing:
"The Reporting Persons originally acquired the Common Stock for investment purposes in the ordinary course of business.
The Reporting Persons reviewed the proposed tender offer by Blue MergerSub Corp., an indirect wholly owned subsidiary of CVS Caremark Corporation ("CVS Caremark"), to purchase all outstanding shares of Common Stock of the Company (the "Offer").
To evaluate the Offering, the Reporting Persons asked the Company ...
Bill Ackman just scored a major win with Longs Drug Stores (NYSE: LDG) tonight. A few minutes ago, CVS (NYSE: CVS) announced that it would acquire the drug store ...
