Pershing Square Capital Management, managed by Bill Ackman, underwent some major changes by removing its stakes in Beam Suntory Inc (NYSE:BEAM), Home Properties, Inc. (NYSE:HME), and Apartment Investment and Management Co (NYSE:AIV), as shown in the recent 13F SEC filing of the company. Pershing Square Capital Management is among the most concentrated hedge funds with six major stock holdings only and current value of $12.6 billion. The top three stocks of Pershing Square Capital Management include Allergan, Inc. (NYSE:AGN), Air Products & Chemicals, Inc. (NYSE:APD), and Canadian Pacific Railway Limited (USA) (NYSE:CP). (See Bill Ackman’s entire portfolio).
Pershing Square Capital Management’s primary holding is in Allergan, Inc. (NYSE:AGN) with 28,878,538 shares and market value of $4.9 billion. Bill Ackman has increased stakes in Allergan, Inc. (NYSE:AGN) by 4734%. Allergan, Inc. (NYSE:AGN) reported EPS of $1.37 for the second quarter of 2014 with revenue of $1.86 billion. Pershing Square is the biggest hedge fund investor in Allergan, Inc. (NYSE:AGN) with investments of $4,886 million followed by Paulson & Co ($947 million) and Pentwater Capital Management ($662 million).
Air Products & Chemicals, Inc. (NYSE:APD) is the second largest holding of Pershing Square with 20,549,076 shares and investments worth $2.6 billion. There is no change in Air Products & Chemicals, Inc. (NYSE:APD)’s stakes in Pershing Square’s portfolio. Air Products & Chemicals, Inc. (NYSE:APD) reported EPS of $1.46 for the quarter ending on June 30, 2014 and Seifi Ghasemi was appointed the CEO of the company. Other major hedge funds with investments in Air Products & Chemicals, Inc. (NYSE:APD) include Pershing Square ($2,643 million), Highfields Capital Management ($492 million), and Oz Management ($465 million).
Canadian Pacific Railway Limited (USA) (NYSE:CP) comes at number three in terms of holdings of Pershing Square with 13,938,302 shares and investment of $2,524 million. Pershing Square has reduced its stakes in Canadian Pacific Railway Limited (USA) (NYSE:CP) by 19% as per this quarter’s 13F filing. Other major hedge funds investing in Canadian Pacific Railway Limited (USA) (NYSE:CP) include Pershing Square ($2,524 million), Lone Pine Capital ($635 million) and Oz Management ($613 million).
This article has been written by Prakash pandey and edited by Serkan Unal.
