Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Bill Ackman’s Equity Portfolio Moves During Q4

In a 13F filing, Pershing Square, managed by Bill Ackman, disclosed its holdings for the last quarter of 2013. Bill Ackman is a long term value investor, who takes advantage of short term downward moves in prices, and has a very concentrated portfolio. The value of Bill Ackman’s equity portfolio fell to $8.23 billion in the fourth quarter, from $10.28 billion in the previous quarter. Let’s take a look at the fund’s top five stock picks.

Bill Ackman in crowd

The first on the list is Canadian Pacific Railway Limited (USA) (NYSE:CP), in which the fund trimmed its stake to 17.16 million shares from 23.13 million shares held in the previous quarter. The value of the current holding is $2.59 million. The fund reported reducing the stake in Canadian Pacific in October.

Air Products & Chemicals, Inc. (NYSE:APD) is the second largest position in the fund’s equity portfolio. The fund owns 20.55 million shares of the company, with a reported value of $2.29 million. The position remained almost unchanged compared to the previous quarter.

In BEAM Inc (NYSE:BEAM) a premium spirits company, Pershing Square’s holding remained almost unchanged at 20.82 million shares. The value of the position, however, increased to $1.42 billion from $1.35 billion at the end of the third quarter.

Standing on the fourth spot is Burger King Worldwide Inc (NYSE:BKW), a fast food hamburger restaurant. The fund revealed holding 38.39 million shares of the company with a reported value of $877.55 million.

The fifth most valuable holding of Pershing Square is General Growth Properties Inc (NYSE:GGP), a real estate investment trust. The fund sliced its holding to 27.62 million shares from 35.68 million shares held in the previous quarter. The value of the current holding is $554.42 million.

Last month, Bill Ackman revealed, adding 29.1 million shares of Platform Specialty Products Corporation (NYSE:PAH) to its equity portfolio, but this holding was not disclosed in the latest 13F.

Disclosure: none

Recommended reading:

Billionaire Ken Griffin’s New Stock Moves

Nelson Peltz’s Trian Fund Bets on Mondelez and PepsiCo Among Others

Billionaire Stan Druckenmiller’s Top Stock Picks

Biotech Insider Alert - $5 Stock To Hit $40

$200 Million Dollar Healthcare Hedge Fund's #1 Best Idea Right Now

The best healthcare hedge fund out there right now is one of the largest shareholders in this biotech stock. The fund returned more than 20% in each of the last 2 years with a virtually fully hedged portfolio, and it's sending out a BUY signal on this biotech stock. Get your FREE REPORT today (retail value of $300)

This is a FREE report from Insider Monkey. Credit Card is NOT required.
X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 102% in 3 years!! Wondering How?

Download a complete edition of our newsletter for free!