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

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