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 Reveals New Activist Stakes in Fannie Mae and Freddie Mac

Bill Ackman‘s hedge fund Pershing Square, in a new filing with the SEC, disclosed a new stake in Federal National Mortgage Association (OTCBB:FNMA), which amasses 115.6 million shares. The stake is activist by nature and represents 9.98% of the company’s outstanding common stock.

Bill Ackman in front of Perishi

In a second filing, Pershing revealed an almost identical stake in another public government-sponsored enterprise: Federal Home Loan Mortgage Corp (OTCBB:FMCC). The fund holds around 63.5 million shares of Freddie Mac, which represent 9.77% of the company’s outstanding stock.

Disclosure: none

Recommended Reading:

John Paulson’s Favorite Themes Are Discount Retail, Domestic Energy and FedEx

Ken Griffin Prefers Biotech to Large-Caps Like Apple & Priceline

Leon Cooperman Trades Wells Fargo For Citi, Bets On Rebound In Gas & Gold

DOWNLOAD FREE REPORT: Warren Buffett's Best Stock Picks

Let Warren Buffett, George Soros, Steve Cohen, and Daniel Loeb WORK FOR YOU.

If you want to beat the low cost index funds by 19 percentage points per year, look no further than our monthly newsletter.In this free report you can find an in-depth analysis of the performance of Warren Buffett's entire historical stock picks. We uncovered Warren Buffett's Best Stock Picks and a way to for Buffett to improve his returns by more than 4 percentage points per year.

Bonus Biotech Stock Pick: You can also find a detailed bonus biotech stock pick that we expect to return more than 50% within 12 months.
Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.
Loading...