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'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 activist battle against. Beyond Target Corp., Pershing Square has also led notable activist battles against Ceridian Corp., McDonald's, Visa, and Wendy's.
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
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Pershing Square Capital Management's Top 10 Equity Holdings (as of 3/31/2010)
Pershing Square Capital Management's Top 10 Equity Holdings (as of 3/31/2010)
| Value | ||||
| Company (Ticker) | ($MM) | Shares | Change | % Out |
| Kraft Foods Inc (KFT) | 991.90 | 32,800,959 | 32,800,959 | 1.60 |
| Yum Brands Inc (YUM) | 582.62 | 15,200,130 | 15,200,130 | 3.30 |
| General Growth Properties Inc (GGP) | 385.42 | 23,953,782 | 23,953,782 | 7.67 |
| Corrections Corp of America (CXW) | 217.20 | 10,936,672 | 0 | 9.50 |
| Landrys Restaurants Inc (LNY) | 27.85 | 1,554,255 | 0 | 9.63 |
| Borders Group Inc (BGP) | 18.23 | 10,597,980 | 0 | 17.65 |
| Greenlight Capital Re Ltd (GLRE) | 6.67 | 250,000 | 0 | 0.84 |
| Automatic Data Processing Inc (ADP) | 0.00 | 0 | -114,482 | 0.00 |
| Realogy Corp (H) | 0.00 | 0 | -2,766,958 | 0.00 |
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Articles Related to Pershing Square Capital Management
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... | ||
Hedge Funds post Mixed Results; Third Point, Tremblant Partners & Pershing Square among Winners | ||
| Date: March 22nd, 2010 | ||
| Hennessee Group has released its most recent hedge fund index results, revealing that the “global equity markets were mixed in February, with the U.S.... | ||
Pershing Square’s Bill Ackman predicts positive future for General Growth Properties | ||
| Date: January 7th, 2010 | ||
| In a presentation he gave in late December, William Ackman of Pershing Square Capital Management revealed that in his estimation, shares of the bankrupt... | ||
Bill Ackman has positive outlook for his Pershing Square Capital hedge fund | ||
| Date: December 10th, 2009 | ||
| Pershing Square Capital Management sent out its latest investor letter at the beginning of this month. Outlining the firm’s large gains and overall... | ||
Citadel, PIMCO, Pershing Square Capital and Samena Advisors add depth | ||
| Date: November 23rd, 2009 | ||
| In this week’s buy-side hiring report, we look at recent additions made by three industry stalwarts Citadel Investment Group, Pacific Investment Management... | ||
Pershing Square’s Bill Ackman makes big move to block Landry’s Chairman | ||
| Date: November 21st, 2009 | ||
| Pershing Square Capital Management, which is run by shareholder activist Bill Ackman, revealed yesterday that it has increased its position in Landry’s... | ||
Finisterre, Pershing Square Capital, Moore Capital and Tyrus Capital boost marketing efforts | ||
| Date: November 6th, 2009 | ||
| In this week’s hire report, we look at recent hires made by hedge fund managers Finisterre Capital, Pershing Square Capital Management, Moore Capital... | ||
Pershing Square’s Bill Ackman raises his stake in Target | ||
| Date: August 13th, 2009 | ||
| After losing the proxy battle with Target (NYSE: TGT) in which he failed to reassure the retailer’s shareholders of his long-term commitment to the... | ||
Ackman Optimistic about Target’s and Hedge Fund Activists’ Future | ||
| Date: June 16th, 2009 | ||
| Pershing Square Capital Management’s Bill Ackman recently sent out his quarterly letter to the hedge fund firm’s investors. Over the first quarter... | ||
