Pershing Square Capital Management Stock Investment Insights and News

Pershing Square Capital Management is a leading investment firm known for its activist approach to stock investing. Founded in 2004 by Bill Ackman, the company has a reputation for taking bold positions in companies it believes have untapped potential.

One notable example is its investment in Howard Hughes Corporation, where Pershing Square Capital Management acquired a significant stake in 2010 and successfully pressured the company to spin off its real estate assets.

Bill Ackman has a history of making savvy investments, and Pershing Square Capital Management has delivered impressive returns for its investors.

Pershing Square Capital Management's portfolio is a closely watched aspect of the company's operations. The firm holds 11 positions in its portfolio as reported in the September 2024 quarterly 13F filing.

Pershing Square's portfolio is diverse, with holdings in various sectors. The company's largest holding is in Brookfield Corp Cl A Ltd Vt Sh (BN), with a portfolio weight of 13.5% and a valued amount of $1.7 billion.

The firm's portfolio also includes significant holdings in Hilton Worldwide Holdings (HLT) and Chipotle Mexican Grill (CMG). Pershing Square acquired a 7.1% stake of Universal Music Group (UMG) from Vivendi in August 2021 for $2.8 billion.

Here are the top holdings in Pershing Square's portfolio:

Pershing Square's portfolio has undergone significant changes over the years. The firm sold its stake in Element Solutions (formerly Platform Specialty Products) in 2019.

Let's take a look at the investment history of our portfolio. We've been around for over 10 years, with a humble beginning in 2012. Our first investment was a $100,000 stake in a small tech startup that eventually went public.

We've had our fair share of ups and downs, but our long-term focus has allowed us to weather the market storms. In 2015, we diversified our portfolio by investing in a mix of stocks, bonds, and real estate.

One of our most significant investments was in 2018, when we put $500,000 into a mid-cap company that showed tremendous growth potential. We've also been strategic about our exit strategies, selling off underperforming assets to reinvest in more promising opportunities.

Our investment history is a testament to our commitment to smart, calculated risk-taking. We've learned to adapt to changing market conditions and stay focused on our long-term goals.

Pershing Square Tontine Holdings was a blank check company formed by Bill Ackman that went public on July 22, 2020, at a value of $4 billion.

The IPO included 200 million units, which included a total of 200 million shares and 22,222,222 warrants.

Another 44,444,444 warrants, or two ninths per share, were distributed to shareholders who chose to participate in the proposed merger.

The strike price of PSTH warrants was $23.

In July 2022, Ackman addressed PSTH shareholders saying that he would return the funds of the SPAC as he was "unable to consummate a transaction that both meets our investment criteria and is executable."

Universal Music Group is a significant holding in PSCM's portfolio. PSCM acquired a 7.1% stake of Universal Music Group from Vivendi in August 2021 for $2.8 billion.

PSCM later agreed to purchase an additional 2.9% of UMG from Vivendi for $1.149 billion in the same month. This transaction brought PSCM's total stake in UMG to 10% of the company's share capital.

Ackman was nominated to a non-independent director of UMG in March 2022.

In January 2022, Pershing Square acquired a $1.1 billion stake in Netflix after the company's stock had a 30% selloff due to a disappointing subscriber growth outlook.

Ackman praised Netflix's "best-in-class management team" in a letter to investors, citing his long admiration for CEO Reed Hastings and the company he's built.

Netflix stock fell by 35% in April, prompting Ackman to sell his entire stake in the company.

The fund lost over $430 million over the three-month investment.

Platform Specialty Products was a significant holding for Pershing Square in 2014, owning a 24.28% stake in the company.

Pershing Square first disclosed its position in Platform Specialty Products in January 2014, shortly after the company debuted on the New York Stock Exchange.

In April 2014, Platform Specialty Products announced a deal to acquire the agrochemicals business of Chemtura for approximately $1 billion.

This acquisition was a notable move for the company, expanding its presence in the agricultural specialty chemicals market.

In August 2014, Agriphar agreed to join the Platform Specialty Products umbrella, becoming the third company to do so.

Pershing Square's stake in Platform Specialty Products was singled out by Ackman in his "The Outsider" presentation, which discusses optimal methods of capital allocation.

Pershing Square sold its stake in Element Solutions (formerly Platform Specialty Products) in 2019, marking a conclusion to its involvement with the company.

Pershing Square Capital Management (PSCM) has a diverse portfolio, with 11 positions as reported in their September 2024 quarterly 13F filing.

One of the largest positions is Brookfield Corp Cl A Ltd Vt Sh (BN), which accounts for 13.5% of their portfolio, valued at $1.7 billion.

PSCM also holds a significant stake in Hilton Worldwide Holdings (HLT), with a portfolio weight of 13.2% and a value of $1.7 billion.

Another notable position is Chipotle Mexican Grill (CMG), which accounts for 12.9% of their portfolio and is valued at $1.7 billion.

Here's a breakdown of PSCM's top 5 positions:

PSCM's investment in Nike CL B (NKE) has seen a significant increase, with a 435% change in shares.

Pershing Square Capital Management, led by Bill Ackman, employs a concentrated investment strategy. They focus on a small number of high-conviction stocks.

Their investment approach involves in-depth research and analysis to identify undervalued companies. This allows them to make informed decisions about where to allocate their capital.

One notable strategy is their use of activist investing, where they take an active role in influencing the management and direction of their portfolio companies. This approach has led to significant returns in the past.

Pershing Square's investment philosophy emphasizes the importance of long-term value creation. They aim to generate returns by identifying and investing in companies with strong fundamentals and growth potential.

Their focus on a concentrated portfolio allows them to have a significant impact on the companies they invest in. This can lead to greater returns, but also increased risk.

Pershing Square Capital Management's performance is a key aspect to consider when evaluating their stock. Recent dividends paid or declared by Pershing Square Holdings Ltd include a Q1 dividend of 16.46¢, paid on 21/03/2025.

Their annual dividend history shows a consistent pattern, with Q4, Q3, Q2, and Q1 dividends all being 14.56¢. The Q1 2024 dividend was paid on 15/03/2024.

Here's a breakdown of their recent dividends:

Performance is a crucial aspect of any investment. Recent dividends paid or declared by Pershing Square Holdings Ltd are listed below.

Pershing Square Holdings Ltd has paid dividends for the following quarters:

You can access up to 7 years of quarterly data for Pershing Square Capital Management, which can be helpful for making informed investment decisions.

The Net Asset Value (NAV) is a key metric for investors to gauge the performance of a fund. It's essentially the total value of a fund's assets minus its liabilities, divided by the number of outstanding shares.

The estimated NAV for this fund is 5,970.00p, which is a significant drop from its actual NAV, unfortunately we can't see the latest actual NAV as the information is not available.

The premium or discount of the fund is currently at -30.12%, which is a notable deviation from the 12-month average premium/discount of 353.83%. This indicates that the fund's price is currently lower than its net asset value.

The NAV is calculated on a weekly basis, providing a regular update on the fund's value.

Pershing Square Capital Management has been making headlines in the business world, particularly with regards to its stake in General Growth Properties Inc. Bill Ackman, the hedge fund manager, has urged General Growth to enter negotiations for a takeover by Simon Property Group Inc.

Ackman believes that a takeover by Simon would be in the best interest of General Growth shareholders and would have a positive impact on other stakeholders. He has even gone as far as to say that General Growth should "immediately form a special committee" to initiate negotiations with Simon.

In a letter filed with the U.S. Securities and Exchange Commission, Ackman stated that Pershing Square would be able to sell its General Growth stake within 90 days with minimal market impact if it wanted to.

Bill Ackman, the 47-year-old founder of Pershing Square Capital Management LP, has a significant stake in Fannie Mae and Freddie Mac. His firm has about 11 percent economic exposure to the companies' shares.

Ackman believes Fannie Mae and Freddie Mac will probably soar because there's no way to replace the mortgage guarantee companies. He thinks mortgage rates would jump without them.

Fannie Mae could be worth $23 to $47 a share over time, according to Ackman. This is based on a 110-slide presentation he gave at the 19th annual Sohn Investment Conference in New York.

Ackman thinks preserving the 30-year prepayable fixed-rate mortgage is critical to the housing system. He believes the only way to do this is by preserving Fannie and Freddie.

The mortgage giants should "wind down the business of fixed income arbitrage" that got them into trouble during the financial crisis, according to Ackman.

Bill Ackman, the CEO of Pershing Square Capital Management LP, is urging General Growth Properties Inc. to enter negotiations for a takeover by Simon Property Group Inc. He believes the Simon transaction is in the best interest of GGP shareholders and will have a positive impact on substantially all other stakeholders.

Ackman's company is General Growth's second-largest shareholder, and he first mentioned Simon's interest in buying the company on August 23. He recently filed a letter with the U.S. Securities and Exchange Commission, urging General Growth to form a special committee and initiate negotiations with Simon promptly.

General Growth exited bankruptcy protection in November 2010 after a takeover battle between Simon and an investor group that included Pershing Square and Brookfield Asset Management Inc. The company filed for bankruptcy in 2009 due to $27 billion in debt that it was unable to refinance because of the financial crisis and collapse of the commercial mortgage-backed securities market.

Ackman's letter also addressed a statement from Brookfield, General Growth's largest investor, which said it was not interested in taking over the company. Ackman denied this, saying that Pershing Square would be able to sell its General Growth stake within 90 days with minimal market impact if it wanted to.

Pershing Square's investment ventures have been featured in two financial documentaries that showcase the firm's tactics and strategies.

Betting on Zero highlights the firm's $1 billion shorting of Herbalife Nutrition in a positive light, showing the costly lengths they went to prove the company was a pyramid scheme. The documentary focuses on Bill Ackman's economic activism and the risks he took to make his point.

The "Drug Short" episode of Dirty Money takes a more skeptical view of Ackman's decision to double down on Valeant investments, even after the departure of former CEO Mike Pearson.

Pershing Square has been involved in some high-profile investments, including taking big stakes in Freddie and Fannie.

Pershing Square Capital Management has a long history of filing with the SEC, with records dating back to 2010. You can view their past filings online.

The company has filed quarterly reports, known as 13F filings, which provide information on their investment holdings. These filings are a great resource for investors and analysts who want to stay up-to-date on Pershing Square's activities.

The most recent 13F filing for Pershing Square Capital Management was for the 2024 Q3 period, which was filed on November 14, 2024. This filing provides a snapshot of the company's investment portfolio as of the end of the quarter.

Here are some key dates for Pershing Square Capital Management's past filings: