Bill Ackman at Pershing: He’s really pushing it

August 16, 2019 | Hedge Funds

Ackman’s golden streak sees Pershing up 45.3% in the first half of 2019

Bill Ackman is having a heck of a year. The S&P500 is up 17.35% through June 30. Meanwhile, the hedge fund manager’s Pershing Square Holdings rose 45.3%.

This, despite 2019 being the best annual start for the index since 1997.

Bill Ackman’s key winners

Ackman’s investment firm Pershing Square Capital Management manages Pershing Square Holdings’ portfolio.

Investments in stocks such as Chipotle Mexican Grill, Starbucks, Howard Hughes, and Restaurant Brands International have been killer picks.

Gains on these stocks for the first half-year of 2019 are 68.29%, 42.68%, 33.25%, and 34.34% respectively.

Ackman is an activist investor – the kind that buys a large stake in a company and pressurizes the incumbent management to make operational changes in the business to improve the performance of the stock.

Chipotle a classic example of activism

In February 2018, after coming under pressure from investors including Ackman, Chipotle replaced founder Steve Ells as chief executive, bringing in fast food veteran Brian Niccol.

This past May, Ackman wrote to shareholders on the “significant progress” at Chipotle under Brian Niccol, citing strong same-store sales and transaction growth.

Bill Ackman en route to solid incentives?

Bill Ackman will earn an incentive of 16% on any returns above 50%. That milestone is just 5 percentage points away.

Free Industry News

Subscribe to our free newsletter for updates and news about alternatives investments.

  • This field is for validation purposes and should be left unchanged.


Latest Alternative Investment News
FinTech: India’s PayTM Gets Heat From Proxy Advisory Firm
August 12, 2022     FinTech, News

Proxy advisory firm Institutional Investor Advisory Services India Ltd. (IiAS) has issued a note ahead of PayTM’s (NSE: PAYTM) annual shareholders’ meeting on August 19 calling for the replacement of…
Venture Capital: Lockheed’s Venture Arm To Boost Investment In Space Startups
August 12, 2022     News, Venture Capital

Lockheed Martin (NYSE: LMT) and its venture finance arm Lockheed Martin Ventures plans to boost the latter’s investment outlay from $200 million to $400 million.
Digital Assets: Brazilian Fintech PicPay Launches Crypto Exchange With Paxos

PicPay, the well-known Brazilian payment app, has got its shoe in the crypto door in partnership with Paxos, a leading regulated blockchain infrastructure company. Picpay is opening crypto trading services…
FinTech: Telecom Behemoth BT Adds Barclaycard Payments To Partnership Network For Micro-Businesses
August 12, 2022     FinTech, News

BT (LON: BT.A), the telecom major, announced that Barclaycard Payments had joined its partnership network seeking to help the growth of UK microbusinesses. BT customers with 0-5 employees would get…