Pershing Square Ups Valeant Stake Explained In A Few Charts

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)

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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

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