Bill Ackman’s Pershing Square Capital Management has filed its Q3 SEC form 13F detailing the latest transactions. The New York-based hedge fund has assets valued at nearly $8.5 billion as of September 30, 13F filing.
Bill Ackman’s Pershing Square Capital Management Portfolio
We wrote about Ben Graham's activism at northern pipe line, but there are other interesting stories involving the father of value investing Value investing and activism go hand-in-hand. Benjamin Graham, the godfather of value investing, discovered how important it is to incorporate activism into a value strategy relatively early in his career, a strategy that Read More
Bill Ackman’s portfolio is composed of nine stocks, which are diversified across six sectors. The services sector accounts for the largest percentage with 30.93 percent. Consumer staples accounts for 22.94 percent while the financials wrap up the top three with 20.23 percent. Other sectors include consumer goods representing 14.18 percent, consumer discretionary at 11.23 percent and finally, the industrials at 0.49 percent.
The activist investor’s largest investment is in Canadian Pacific Railway Limited (TSE:CP) (NYSE:CP), which represents 23.70 percent of the overall portfolio. Bill Ackman added 27.52 percent into The Procter & Gamble Company (NYSE:PG) making it the his second largest holding at 22.94 percent. Ackman bought 6,030,684 additional shares of the consumer staples company.
Pershing Square Capital management also added 2.5 million shares of common stock to General Growth Properties Inc (NYSE:GGP) representing 3.46 percent addition, or 0.58 percent of the overall portfolio. General Growth Properties Inc (NYSE:GGP) lies third in Bill Ackman’s top holdings with 17.23 percent of the portfolio.
Bill Ackman Q3 New Buys
Pershing Square Capital Management bought a big stake in Burger King Worldwide Inc (NYSE:BKW) after acquiring 38,361,360 shares of restaurants and services company based in Miami Florida. The shares were acquired at an average price of $13.94 per share resulting in approximately $548.7 million worth of investment. Burger King Worldwide Inc (NYSE:BKW) closed at $15.31 on Wednesday, up nearly 10% from Ackman’s purchase price. Berger King now represents 6.33 percent of the portfolio.
Matson Inc. was the only other new buy. Ackman acquired 3,644,870 shares of Honolulu-based ocean transportation and logistics company at an average price of 20.91 per share. The company’s shares are up 2.77 percent, as of Wednesday, and now represents 0.90% of the overall portfolio.
Bill Ackman Q3 Clear-out
Bill Ackman Offloaded Citigroup Inc. (NYSE:C) to trigger 0.43 percentage change in portfolio. Ackman explained his rationale for selling Citigroup Inc. (NYSE:C) in his second quarter letter, which was obtained by ValueWalk. He also reduced his stake in Alexander & Baldwin Inc (NYSE:ALEX) by 61.40 percent, after selling 2,238,034 shares to represent 0.78 percent change in the portfolio.
Pershing Square Capital Management also holds huge stakes in Beam Inc (NYSE:BEAM), with 20,818,545 shares, representing 14.18 percent of portfolio, and J.C. Penny Company, Inc. (NYSE:JCP), with 39,075,771 shares, or 11.23 percent of the portfolio. He also holds 3,568,017 shares of Howard Hughes Corp (NYSE:HHC), which caps the nine stakes held as of September 30.