Billionaire Bill Ackman’s Top Picks: Allergan Inc. (AGN), Air Products & Chemicals Inc. (APD), Canadian Pacific Railway Limited (USA) (CP)

Like Air Products & Chemicals Inc. (NYSE:APD), Pershing Square did not change its stake in Canadian Pacific Railway Limited (USA) (NYSE:CP) during the fourth quarter. The fund disclosed owning 13.94 million shares, with a reported value of $2.67 billion. Alberta, Canada-based Canadian Pacific Railway Limited (USA) (NYSE:CP) is engaged in providing rail and intermodal freight transportation services. The company has a market cap of $31.81 billion. Share price of the company moved up by 22.03% during the last year. It is currently trading at $189.71.

Viking Global and OZ Management were both bullish on Canadian Pacific Railway Limited (USA) (NYSE:CP) last quarter as well, boosting their stakes to 4.05 million and 3.85 million shares respectively.

Lastly, Pershing Square was bullish on Zoetis Inc (NYSE:ZTS) during the fourth quarter. The fund upped its stake in the company by 36.03 million shares to 41.57 million shares from 5.54 million shares held previously. The stake is valued at $1.79 billion. Since February 2014, the company’s stock gained 52.78%. The stock moved up by 32.24% over the past six months. Last week, the company announced that it completed the acquisition of the animal health assets of Abbott Laboratories (NYSE:ABT) for $255 million, a deal Ackman said sounded like a good investment. Scott Ferguson’s Sachem Head Capital is one of the largest shareholders of Zoetis Inc (NYSE:ZTS), with the investor holding around 4.40 million shares as of the end of 2014. Soros Fund Management, led by George Soros, also likes Zoetis Inc (NYSE:ZTS), with the fund reporting ownership of 4.11 million shares as of the end of December, 2014.

Disclosure: None