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Pershing Square Capital Management - Investor Profile
Primary Address: | Investor Information: | |
| 888 Seventh Avenue | Total AUM ($MM): | 5,800 |
| 29th Floor | Equity AUM ($MM): | 3,318 |
| New York, NY 10019 | Investment Style: | Deep Value |
| United States | Orientation: | 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; Scott Ferguson; Nicholas Botta; Roy J. Katzovicz; Doreen Mochrie
Entities related to Pershing Square Capital Management: Leucadia Corporation (NYSE: LUK); Pershing Square IV; Pershing Square LP; Pershing Square Capital
*Denotes that the person or entity is no longer related to the firm. **If you would like to submit investor updates, please click here
Pershing Square Capital Management's Top 10 Equity Holdings (as of 2011-06-30)
Pershing Square Capital Management's Top 10 Equity Holdings (as of 2011-06-30)
| Value | ||||
| Company (Ticker) | ($MM) | Shares | Change | % Out |
| JC Penney Co Inc (JCP) | 1,337.24 | 38,715,571 | 3,796,500 | 16.40 |
| General Growth Properties Inc (GGP) | 1,205.58 | 72,233,712 | 430,859 | 7.71 |
| Fortune Brands Inc (FO) | 1,094.93 | 17,170,033 | 501,397 | 11.43 |
| Citigroup Inc (C) | 979.40 | 23,520,741 | -123,187,036 | 0.81 |
| Kraft Foods Inc (KFT) | 783.20 | 22,230,989 | -8,276 | 1.27 |
| Family Dollar Stores Inc (FDO) | 583.13 | 11,094,493 | 11,094,493 | 8.78 |
| Howard Hughes Corp (HHC) | 232.06 | 3,568,017 | 0 | 9.46 |
| Alexander & Baldwin Inc (ALEX) | 171.54 | 3,561,943 | 0 | 8.68 |
| Greenlight Capital Re Ltd (GLRE) | 6.57 | 250,000 | 0 | 0.84 |
| Corrections Corp of America (CXW) | 0.00 | 0 | -4,417,100 | 0.00 |
 |  | View Sample Report |
Articles Related to Pershing Square Capital Management
2012 Preview - A Quiet(er) Year for Activist Investors? | ||
| Date: January 27th, 2012 | ||
| It seems a little quiet right now. Too quiet. Does this portend a less-contentious year for activist investors? Or just the calm before the storm? At... | ||
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.... | ||
