Pershing Square Capital Management - Investor Profile


Primary Address:

Investor Information:

888 Seventh AvenueTotal AUM ($MM):5,800
29th FloorEquity AUM ($MM):3,318
New York, NY 10019Investment Style:Deep Value
United StatesOrientation:Shareholder Activist
Phone: 212-813-3700 Investor Type:Hedge Fund Manager
Fax: 212-813-3700

Institutional Investor Background


Pershing Square Capital Management is a deep value and activist-oriented hedge fund manager that was founded in 2003 by President and managing partner Bill Ackman. The firm was founded with backing by WMAC Investments, a subsidiary of holding company Leucadia Corporation (NYSE: LUK). Prior to establishing Pershing Square, Mr. Ackman co-founded hedge fund Gotham Partners L.P.

Pershing Square Capital's hedge funds include the Pershing Square L.P., Pershing Square II L.P, Pershing Square International Ltd, and Pershing Square IV L.P. Pershing Square IV was launched in 2007 with the sole purpose of investing in Target Corp (NYSE: TGT), which Mr. Ackman has led an extensive shareholder activist battle against. Beyond Target Corp., Pershing Square has also led notable activist battles against Ceridian Corp., McDonald's, Visa, and Wendy's.

Investor Regional and/or Country Focus: North America

Founders and Key Executives of Pershing Square Capital Management: William 'Bill' Ackman; Nicholas Botta; Roy J. Katzovicz; Scott Ferguson*

Entities related to Pershing Square Capital Management: Leucadia Corporation (NYSE: LUK); Pershing Square IV; Pershing Square LP; Pershing Square Capital

Relevant Firms***: Marcato Capital Management; Sachem Head Capital Management

*Denotes that the person or entity is no longer related to the firm. **If you would like to submit investor updates, please click here. ***Relevant firms may include firms where founders previously worked, funds that were spun-off from the firm, funds that were seeded by the firm and/or unrelated firms that were founded by veterans of the fund. For specific details, please review the Investor Background sections for each firm of interest.



Pershing Square Capital Management's Top 10 Equity Holdings


Value
Company (Ticker) ($MM) Shares Change % Out
Canadian Pacific Railway Limited (U.S.A) (CP) 2,147.48 24,159,888 0 14.26
Procter & Gamble Co (PG) 2,147.48 27,946,892 0 1.01
General Growth Properties Inc (GGP) 1,485.71 74,733,712 0 7.92
Beam Inc (BEAM) 1,322.81 20,818,545 0 13.48
Justice Delaware Holdco Inc. (BKW) 732.91 38,372,120 10,760 10.96
JC Penney Co Inc (JCP) 590.44 39,075,771 0 17.82
Howard Hughes Corp (HHC) 299.04 3,568,017 0 9.40
Mondelez International Inc (MDLZ) 183.02 5,978,956 5,978,956 0.34
Matson Inc (MATX) 74.64 3,033,985 -610,963 7.28

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Articles Related to Pershing Square Capital Management


Bill Ackman’s Hong Kong Dollar Play

Date: September 19th, 2011
You are all well aware of my love affair with the Chinese Yuan (CYB), which I expect to appreciate substantially in coming years off the back of China’s...

Did Warren Buffet Save the Day for Bank Heavy Hedge Funds?

Date: August 29th, 2011
The poor August showing by many of the top hedge funds may have been due, in large part to their exposure to financial stocks which have been hit hard...

Pershing Square Capital’s Bill Ackman looks to raise capital through IPO

Date: June 20th, 2011
Bill Ackman, founder and CEO of hedge fund Pershing Square Capital, is considering raising money for a new fund launch by executing an IPO, according...

Bill Ackman’s Pershing Square Capital ups its Stake in Family Dollar Stores

Date: June 10th, 2011
Pershing Square Capital Management increased its holdings in Family Dollar Stores, Inc (FDO) to nearly 11 million shares giving it an 8.9% stake, up from...

Poison Pills: My, How They Have Grown

Date: February 24th, 2011
Previously I discussed the different share ownership levels that trigger various disclosure and regulatory obligations, such as when investors need to...

Bill Ackman’s Pershing Square Capital hurt by bankruptcy of Borders Group

Date: February 18th, 2011
Bill Ackman’s Pershing Square Capital, which currently owns a 31.3% stake in Borders Group (NYSE: BGP) and had promised Borders to help finance a buyout...

Bill Ackman’s Pershing Square Capital hurt by bankruptcy of Borders Group

Date: February 18th, 2011
Bill Ackman’s Pershing Square Capital, which currently owns a 31.3% stake in Borders Group (NYSE: BGP) and had promised Borders to help finance a buyout...

It’s Official: Pershing Square Capital’s Bill Ackman joins JC Penney’s Board

Date: February 11th, 2011
Leading shareholder activist investor Bill Ackman, who is the CEO of Pershing Square Capital Management, officially joined the board of retailer J.C....

Activist Bennett S. LeBow named Chairman of Borders; Gains Approval of Bill Ackman

Date: May 26th, 2010
Borders Group (NYSE: BGP) has received $25 million, representing a private purchase of 11.1 million shares of common stock at a price of $2.25 per share....

Pershing Square’s Bill Ackman Proposes Public Database to Prevent Fraud

Date: May 8th, 2010
Pershing Square Capital Management founder and managing partner Bill Ackman said earlier this week that U.S. securities regulators should develop a public...


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