Exploring the Strategic Moves of a Renowned Activist Investor

Bill Ackman (Trades, Portfolio) recently submitted the 13F filing for the fourth quarter of 2024, providing insights into his investment moves during this period. William Ackman, co-investment manager for hedge-fund group Gotham Partners LP, formed Pershing Square in November 2003 with $54 million raised from three investors. Ackman got his start in the real estate business, where he worked for his father prior to starting Gotham. Bill Ackman (Trades, Portfolio) is an activist investor. He buys the common stocks of public companies, and pushes for changes so that the market can realize the values of the companies. Ackman buys stocks trading at a discount, and sells when the companies reach their appraised value.

• Warning! GuruFocus has detected 13 Warning Signs with BN.

Key Position Increases

Bill Ackman (Trades, Portfolio) also increased stakes in a total of 3 stocks, among them:

• The most notable increase was Nike Inc (NYSE:NKE), with an additional 2,488,608 shares, bringing the total to 18,768,946 shares. This adjustment represents a significant 15.29% increase in share count, a 1.49% impact on the current portfolio, with a total value of $1,420,246,140.
• The second largest increase was Brookfield Corp (NYSE:BN), with an additional 2,157,181 shares, bringing the total to 34,893,064. This adjustment represents a significant 6.59% increase in share count, with a total value of $2,004,606,530.

Key Position Reduces

Bill Ackman (Trades, Portfolio) also reduced positions in 2 stocks. The most significant changes include:

• Reduced Hilton Worldwide Holdings Inc (NYSE:HLT) by 1,929,622 shares, resulting in a -26.18% decrease in shares and a -3.45% impact on the portfolio. The stock traded at an average price of $245 during the quarter and has returned 6.31% over the past 3 months and 7.49% year-to-date.
• Reduced Chipotle Mexican Grill Inc (NYSE:CMG) by 4,161,632 shares, resulting in a -14.44% reduction in shares and a -1.86% impact on the portfolio. The stock traded at an average price of $60.32 during the quarter and has returned -4.52% over the past 3 months and -5.13% year-to-date.

Portfolio Overview

At the fourth quarter of 2024, Bill Ackman (Trades, Portfolio)'s portfolio included 10 stocks, with top holdings including 15.89% in Brookfield Corp (NYSE:BN), 11.88% in Restaurant Brands International Inc (NYSE:QSR), 11.78% in Chipotle Mexican Grill Inc (NYSE:CMG), 11.5% in Howard Hughes Holdings Inc (NYSE:HHH), and 11.39% in Alphabet Inc (NASDAQ:GOOG).

The holdings are mainly concentrated in 5 of all the 11 industries: Consumer Cyclical, Communication Services, Financial Services, Real Estate, and Industrials.

This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.