What is Bill Ackman known for?
Bill Ackman is a self-made billionaire through operating the Pershing Square Capital Management hedge fund that he founded in 2004. He became famous for his short position on bond insurer MBIA in 2008 and 2009 and his rescue of mall operator General Growth early in his career.
He became more famous when featured in the Netflix documentary “Betting on Zero,” explaining his public short bet on Herbalife.
Bill Ackman’s trade in March of 2020 made him one of the first traders with size measured in tens of millions ever to be known to return over 100 times his money in 10 days in three weeks at the beginning of the Covid-19 pandemic. Ackman turned $27 million in premium paid-to-buy credit default swaps into a profit of $2.6 billion. He reinvested most of that windfall in the long positions he held that he wanted to protect by buying that insurance. Then during the April 2020 stock market rebound after the lows, he made approximately $1 billion more through the long positions he had hedged. Bill Ackman’s $27 million bet made $3.6 billion in total profits.[1] His net worth increased by over $1 billion in 2021.
What kind of investor is Bill Ackman?
He considers himself an activist investor who likes to get involved publicly with the companies he invests in. He likes buying companies he believes are deep value plays and shorting companies or markets that are highly overvalued in his view.
How much does Pershing Square manage?
Pershing Square Holdings LTD. has approximately $16 billion in assets under management in 2023.
Bill Ackman Portfolio By Sector:
Sector % analysis
Services 48%
Consumer Discretionary 38%
Financials 14%
Current Pershing Square Portfolio 2023
Portfolio value: $8,784,004,000
| Stock | Company Name | % of Portfolio | Shares Owned | Value | Change in Shares | Average Buy Price | Date | ||
|---|---|---|---|---|---|---|---|---|---|
|
LOW
|
Lowes Cos Inc
|
23.53%
|
10.37M
|
$2.07B
|
0%
|
$98.69 (+104.9%)
|
2022-12-31 | ||
|
QSR
|
Restaurant Brands Intl Inc
|
17.81%
|
24.19M
|
$1.56B
|
0%
|
$40.9 (+60.7%)
|
2022-12-31 | ||
|
CMG
|
Chipotle Mexican Grill Inc
|
17.46%
|
1.11M
|
$1.53B
|
0%
|
$415.44 (+266.5%)
|
2022-12-31 | ||
|
HLT
|
Hilton Worldwide Hldgs Inc
|
14.43%
|
10.03M
|
$1.27B
|
0%
|
$80.04 (+81.6%)
|
2022-12-31 | ||
|
HHC
|
Howard Hughes Corp
|
13.83%
|
15.90M
|
$1.21B
|
16.7% (+2.27M)
|
$89.92 (-5.5%)
|
2022-12-31 | ||
|
CP
|
Canadian Pac Ry Ltd
|
12.94%
|
15.24M
|
$1.14B
|
0%
|
$68.4 (+12.5%)
|
2022-12-31 |
Based on Pershing Square’s 4th Quarter 13f filing with the SEC for his positions on December 31, 2022.