Bill Ackman has been on a comeback streak — Here’s what the hedge fund manager is betting on now
(This story is for CNBC Pro subscribers only.) We are getting a look at the latest picks from hedge fund manager Bill Ackman, who made a killing recently from his bet on Starbucks . Last year was a comeback year for his hedge fund Pershing Square, with a total shareholder return of more than 50%. Pershing has about $8.6 billion in assets under management as of 2019. Here’s what the investor is betting on now… Ackman increased his stake in analytical laboratory instrument manufacturing company Agilent by 11% to over 3 million shares, worth about $277 million, according to the company’s 13-F filing. The filing documents the hedge fund’s holdings as of end of December. The hedge fund also ramped up its bet on real estate development company Howard Hughes by nearly 84% to about $278 million by the end of 2019. Ackman kept its stake burrito restaurant Chipotle to about 1.7 million shares worth about 1.4 billion. The activist investor helped Chipotle install Brian Niccol as CEO and has remained a proponent of innovative menu and delivery options. Ackman first bought Chipotle stock in 2016 at an average price of $405 per share. Shares of Chipotle rose 10% to $921.94 in 2020 so far.
Bill Ackman, founder and CEO of Pershing Square Capital Management.
Adam Jeffery | CNBC
(This story is for CNBC Pro subscribers only.)
We are getting a look at the latest picks from hedge fund manager Bill Ackman, who made a killing recently from his bet on Starbucks. Last year was a comeback year for his hedge fund Pershing Square, with a total shareholder return of more than 50%. Pershing has about $8.6 billion in assets under management as of 2019.
