Ackman Investing: 9 Companies Pershing Square Bought

 

8. J. C. Penney Company, Inc. (JCP, Earnings, Analysts, Financials): Through its subsidiary, J. C. Penney Corporation, Inc., operates department stores in the United States and Puerto Rico. Market cap at $3.8B, most recent closing price at $17.36. Representing 11% of holdings, J.C. Penny shares are not performing well, as the company looks for ways to stem a decline in sales

 

9. Procter & Gamble Co. (PG, Earnings, Analysts, Financials): Provides consumer packaged goods in the United States and internationally. Market cap at $190.25B, most recent closing price at $69.58. This company represents 27% of the long positions in the fund. Shares are trading at close to a 52-week high and pays a dividend of $2.25, or a yield of 3.20%.

 

 

During the Value Investing Congress, Ackman hinted he held a short position in a company, but did not mention what it was. Investors should recognize that any of the long positions above could be used as a hedge against his bearish plays.

Data Source: SEC 13F filings

 

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