Pershing Square Capital Management
also referred to as: pershing square
includes Pershing Square Foundation
10 statements across 2 episodes · 5 bullish · 2 bearish · 1 people on the record · first statement Mar 20, 2023 by Bill Ackman · said 5 times in 1 episodes since 2023 · across every show →
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Everything said about Pershing Square Capital Management, oldest first
Mar 20, 2023 bullish
Mar 20, 2023 positive
Mar 20, 2023
Ackman: Pershing Square holds fund cash in U.S. Treasuries to avoid bank risk
“Other than cash we need for daily needs, we keep that number pretty small everything else is in a U.S. Treasury money market account, or we own U.S. Treasury bills directly. So we're not taking bank risks, we're just facing the U.S. Sovereign. And then the cas…”
Mar 20, 2023 bullish
Mar 20, 2023 bullish
Mar 20, 2023 bearish
Ackman: Pershing Square Lost $400 Million Exiting Netflix Position
“So we took about a billion dollar position in Netflix after the stock fell about 50%. And then, you know, we're a long term investor, but we learned information within a few months of the initial investment, i.e. The next quarter's results at Colt, caused us t…”
Mar 20, 2023 neutral
Feb 9, 2024 positive
Ackman: Universal Music Group has very little debt and high predictability
“If you're investing in the world's most dominant music company, Universal Music, it's, has very little debt. It has a great market position. You can predict business with a very high degree of confidence, and you're buying it at a fair price.”
Feb 9, 2024 negative
Ackman: Timidity in position sizing held back Pershing Square's results
“It was less than, it was about a point and a half of our, a little under two percent of our capital, but could it have been three percent? Could have been four percent for sure. And so when I look back at something like that, I would have been willing to lose …”
Feb 9, 2024 neutral
Ackman: Pershing Square bought interest rate options striking above 93 bps
“We bought, in effect, the way to think about it is we bought a call option. That paid off when two-year interest rates went above 93 basis points, and we had about an eighteen-month term. And at the time we bought that instrument, two-year rates were at 12 bas…”