Pershing Square Capital Management is lead by Bill Ackman, best known for his bets against short-term downward moves, and its primary stock holdings include Allergan, Inc. (NYSE:AGN), Canadian Pacific Railway Limited (USA) (NYSE:CP), Air Products & Chemicals, Inc. (NYSE:APD). The recent SEC 13F filing of Pershing Square Capital Management on November 14 reflects portfolio value of $13 billion and more.
Pershing Square Capital Management has its largest stock investments in Allergan, Inc. (NYSE:AGN) with 28,878,538 shares of the pharmaceutical company at current market value of $5.14 billion. Allergan, Inc. (NYSE:AGN) has agreed for a takeover from Actavis plc (NYSE:ACT) with net transaction value of $66 billion. Both the companies would benefit from the merger, especially the fact that Allergan maintains an excellent portfolio of drugs. The joint company would be among the largest biopharmaceutical companies of the world with such phenomenal growth.
Canadian Pacific Railway Limited (USA) (NYSE:CP) is the second largest stock investment of Pershing Square Capital Management with investments worth $2.89 billion and 13,940,890 shares of the company. It was an impressive third quarter 2014 for the railway company with net income exceeding C$400 million and net revenue of C$1.67 billion. Pershing Square is among one of the primary investors of Canadian Pacific Railway Limited (USA) (NYSE:CP) along with Lone Pine Capital and Oz Management. (Click here to see the entire list of hedge funds holding positions in Canadian Pacific Railway at the end of second quarter)
Air Products & Chemicals, Inc. (NYSE:APD) comes at number three in Pershing Square Capital Management’s portfolio with investments worth $2.67 billion and 20,549,076 shares of the company. Air Products & Chemicals, Inc. (NYSE:APD) reported its fourth quarter 2014 results with revenue of $2.67 billion and net income of $358 million. Some of the primary investors of Air Products & Chemicals, Inc. (NYSE:APD) include Pershing Square Capital Management, Highfields Capital Management, and Oz Management.
This article has been written by Prakash Pandey.