Pershing Square Ups Valeant Stake Explained In A Few Charts

0
Pershing Square Ups Valeant Stake Explained In A Few Charts

PERSHING SQUARE X $VRX – NOV23’15 by @sobata416

  • Pershing Square acquires 2,144,618 shares from 1-Oct-15 to 23-Nov-15
  • Total cost: $240,933,692
  • Pershing Square sells strangles to fund purchases of OTM calls; first on 20-Nov-15 and then again on 23-Nov-15
  • Total exposure through options: 12,500,000 shares; total cost: $65,561,919
  • Total additions: 14,644,618 shares; total cost: $306,495,611
  • Total stake: 9.9% (34.12 mln shares)
  • Average cost: $113.76
  • Current price: $87.34 (source: Google Finance; 7:59PM – Nov23’15)
  • Shane Obata (@sobata416)

Updated on

This Value Fund Generated Significant Alpha In 2021

InvestGrizzlyRock Value Partners was up 34.54% net for 2021. The fund marked 10 years since its inception with a 198% net return, resulting in an annual return of 11.5%. GrizzlyRock enjoyed 14.8% long alpha against the S&P 500 and 26.9% against the Russell 2000. Q4 2021 hedge fund letters, conferences and more The fund's short Read More

Sheeraz is our COO (Chief - Operations), his primary duty is curating and editing of ValueWalk. He is main reason behind the rapid growth of the business. Sheeraz previously ran a taxation firm. He is an expert in technology, he has over 5.5 years of design, development and roll-out experience for SEO and SEM. - Email: sraza(at)valuewalk.com
Previous article How is it possible that the dollar is rising and falling at the same time?
Next article Trouble Is Brewing In The Paper Markets For Gold And Silver

No posts to display