The Pershing Square manager, Bill Ackman, is our weekly gainer after his portfolio performed +1.93% this week. The investor managed to beat the S&P 500 (INDEXSP:.INX), which increased only +0.92%. These are the stocks with major allocation in Bill Ackman’s fund:
Bill Ackman’s stockholdings in Canadian Pacific
The Ackman’s favorite company is the transcontinental railway, Canadian Pacific Railway Limited (NYSE:CP) (TSE:CP). The stock represents 26.78% in the billionaire portfolio, which holds 24.1 million shares. Despite the today’s poorly performance (-0.85%), the company increased +4.23% over the last week, reaching $129.44. Bill Ackman paid an average price of $52.83.
Carlson Capital's Black Diamond Arbitrage Partners fund added 1.3% net fees in the first quarter of 2021, according to a copy of the firm's March 2021 investor update, which ValueWalk has been able to review. Q1 2021 hedge fund letters, conferences and more At the end of the quarter, merger arbitrage investments represented 89% of Read More
The second most representative stock in Bill Ackman’s portfolio is the finance firm General Growth Properties Inc (NYSE:GGP). As of June, the investor holds 67.7 million shares, representing 12.30% of his holdings. The stock rose +1.42% during the week, and keeps the same trend, since today is up +0.50%. Ackman paid only an average price of $10.83 per share, resulting in a 84.64% gain.
BEAM Inc (NYSE:BEAM), the alcohol beverage company, is one of the stocks with a major allocation in the billionaire’s portfolio. With more than twenty million shares, BEAM represents 12.00% of Ackman’s fund. The stock has gained +2.09% over last week, and still going up since its price rose +0.97% today. Bill Ackman has paid an average price of $48.25, while the stocks trades at $68.06 today.
Air Product & Chemical stock rise
Following Beam Inc. is Air Products & Chemicals, Inc. (NYSE:APD), which produces and sells atmospheric products. The stock has rose +2.20% during last week, and today it keeps growing +0.84%, reaching $108.76. Over the last quarter, Bill Ackman acquired 30.6 million shares at an average price of $100.17, which represents 28.13% of his portfolio.
The fifth firm with the biggest allocation in the billionaire’s fund is the fast food franchise Burger King Worldwide Inc (NYSE:BKW). The stock rose +0.53% last week, and today is up 1.62%, trading at $19.41. The company represents 6.84% of Bill Ackman’s portfolio, which holds 38.3 million shares, acquired at an average price of $14.33.
The investor Bill Ackman has shown a great performanced, outperforming the S&P 500 by 1.01%, and leaving other billionaires such as Warren Buffett (+1.12%) and Bill Gates (+0.99%) in the dust.