Below is the stat sheet from Bill Ackman’s Peshing Square Capital, for October, 2011.

Ackman was up 14.5% for the month, and down 2.2% for the year.

In the sheet Ackman reveals that he has notional exposure of 2.8billion to credit default swaps.

84% of his portfolio is in large cap stocks. Many other value investors are finding tons of value in quality large cap names.

Total aum is over $10billion.

Yesterday at the GIBI conference ,  Ackman pitched Lowes:

FCF of 8% and Div Yield of 2% – likes it much more than US Treasuries

Limited Fashion Risk, High Gross Margin, Limited Internet Risk (only 8% of sales have significant internet risk)

PPE net book value is $22 billion which is 65% of EV

Buy back 35-40% of shares in next 3-4 years.

The full sheet is below:

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