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Over the last two quarters, Ackman has built two new significant positions for Pershing Square -- Nike (NYSE: NKE) and Brookfield (NYSE: BN)-- piling an estimated $2.2 billion into those stocks ...
Pershing Square, founded in 2004, also is considering an IPO that most likely wouldn't happen until 2025 at the earliest. Bill Ackman selling 10% of Pershing Square in deal that values hedge fund ...
Pershing Square bought roughly 25.9 million shares of Brookfield in Q3, increasing its stake by almost 378%. The stock now makes up 13.5% of the hedge fund's portfolio.
In 2013, Pershing Square acquired a $2.2 billion stake in Air Products & Chemicals, [24] and nominated Matt Paull to serve on the company's board. [25] Pershing Square sold its stake in 2017. According to a letter cited by Reuters, during Pershing Square’s four-and-half-year investment, APD delivered a 104.7% total shareholder return. [26]
In November 2017, Ackman told Reuters that he had covered his short-sell position, but would continue to bet against Herbalife using put options with no more than 3% of Pershing Square's funds. [54] On February 28, 2018, Ackman exited his near billion-dollar bet against Herbalife after the company's stock price continued to rise. [55]
Bill Ackman is making a bold bet on these two under-the-radar stocks. Billionaire Investor Bill Ackman Holds a 10% Stake in 2 Over-the-Counter Stocks Skip to main content
Shares of Nike (NYSE: NKE) were moving higher today after investors responded favorably to news that Bill Ackman's Pershing Square Capital Management Fund had taken a stake in the company, which ...
Pershing Square, which Ackman founded two decades ago, is raising $1.05 billion from a funding round valuing the firm at about $10.5 billion. The undisclosed buyers are set to acquire a 10% stake ...