Ackman’s Pershing Square Capital: My Q1 2011 Stocks You Need to Know

Bill Ackman’s Pershing Square Capital’s stock portfolio is comprised of only nine stocks, and is heavily weighted towards commercial real estate and retail properties.  Following is information on its holdings as of the end of the first quarter of 2011:

  1. J C Penney Inc. (NYSE:JCP): Pershing Square Capital held 39,075,771 shares, valued at $1,403,211,000 on March 31st, 2001. About the company:  J C Penney Company, Inc., through a subsidiary, operates department stores in the United States and Puerto Rico.  The Company provides merchandise and services to consumers through department stores, catalog departments, and the Internet.  JC Penney markets primarily family apparel, jewelry, shoes, accessories, and home furnishings. Competitors to Watch: Sears Holdings Corporation (NASDAQ:SHLD), Saks Incorporated (NYSE:SKS), Macy’s, Inc. (NYSE:M), Kohl’s Corporation (NYSE:KSS), The Bon-Ton Stores, Inc. (NASDAQ:BONT), Dillard’s, Inc. (NYSE:DDS), Nordstrom, Inc. (NYSE:JWN), Overstock.com, Inc. (NASDAQ:OSTK), Wal-Mart Stores, Inc. (NYSE:WMT), Nordtstrom (NYSE:JWN), The TJX Companies (NYSE:TJX), Ross Stores (NASDAQ:ROST) and Target Corporation (NYSE:TGT).
  2. General Growth Properties, Inc. (NYSE:GGP): Pershing Square Capital held 71,802,853 shares, valued at $1,111,509,000 on March 31st, 2001. About the company:  General Growth Properties, Inc. is a real estate investment trust.  The Company owns, operates, leases, acquires and expands enclosed regional shopping mall centers throughout the United States.  The REIT, with its operating partnership also has unconsolidated equity interests in other regional mall companies.
  3. Fortune Brands Inc. (NYSE:FO): Pershing Square Capital held 16,668,636 shares, valued at $1,031,622,000 on March 31st, 2001. About the company:  Fortune Brands, Inc. is a holding company with operating companies that offer home and hardware products, produces wines and spirits, and offers golf products. Competitors to Watch: Masco Corporation (NYSE:MAS), American Woodmark Corp. (NASDAQ:AMWD), Patrick Industries, Inc. (NASDAQ:PATK), Constellation Brands, Inc. (NYSE:STZ), U.S. Home Systems, Inc. (NASDAQ:USHS), and Newell Rubbermaid Inc. (NYSE:NWL)
  4. Kraft Foods Inc (NYSE:KFT): Pershing Square Capital held 22,239,265 shares, valued at $697,423,000 on March 31st, 2001. About the company:  Kraft Foods, Inc. is a food and beverage company.  The Company manufactures and markets packaged food products, including snacks, beverages, cheese, convenient meals and various packaged grocery products.  Kraft sells its products throughout the world. Competitors to Watch: General Mills, Inc. (NYSE:GIS), J&J Snack Foods Corp. (NASDAQ:JJSF), Ralcorp Holdings, Inc. (NYSE:RAH), The Hain Celestial Group, Inc. (NASDAQ:HAIN), Kellogg Company (NYSE:K), ConAgra Foods, Inc. (NYSE:CAG), Inventure Foods, Inc. (NASDAQ:SNAK), TreeHouse Foods Inc. (NYSE:THS), PepsiCo, Inc. (NYSE:PEP), and Golden Enterprises, Inc. (NASDAQ:GLDC)
  5. Citigroup Inc. (NYSE:C): Pershing Square Capital held 146,707,777 shares, valued at $648,448,000 on March 31st, 2001. About the company:  Citigroup Inc. is a diversified financial services holding company that provides a broad range of financial services to consumer and corporate customers around the world.  The Company’s services include investment banking, retail brokerage, corporate banking, and cash management products and services. Competitors to Watch: Bank of America (NYSE:BAC), Deutsche Bank (NYSE:DB), JPMorgan Chase (NYSE:JPM), HSBC (NYSE:HBC), Metlife (NYSE:MET), PNC (NYSE:PNC), U.S. Bancorp (NYSE:USB), Financials (NYSE:XLF) and Wells Fargo & Company (NYSE:WFC).
  6. Howard Hughes Corp. (NYSE:HHC): Pershing Square Capital held 3,568,017 shares, valued at $252,045,000 on March 31st, 2001. About the company:  Howard Hughes Corporation develops real estate.  The Company develops master planned communities, shipping malls, and mixed-use development throughout the United States.
  7. Alexander & Baldwin Inc (NYSE:ALEX): Pershing Square Capital held 3,561,943 shares, valued at $162,603,000 on March 31st, 2001. About the company:  Alexander & Baldwin, Inc. through its subsidiaries, is involved in ocean transportation, property development and management, and food products businesses.  The Company carries freight, primarily between various United States Pacific Coast ports, Hawaii ports, and Guam.  Alexander also develops real property in Hawaii and on the mainland, as well as grows sugar cane and coffee.
  8. Corrections Corp. of America (NYSE:CXW): Pershing Square Capital held 4,417,100 shares, valued at $107,777,000 on March 31st, 2001. About the company: Corrections Corporation of America provides detention and corrections services to governmental agencies.  The Company owns correctional and detention facilities in the United States and the United Kingdom.  Services include design, construction, ownership, renovation, and management of new or existing jails and prisons, as well as long distance inmate transportation services.
  9. Greenlight Capital Re Ltd. (NASDAQ:GLRE): Pershing Square Capital held 250,000 shares, valued at $7,052,000 on March 31st, 2001. About the company:  Greenlight Capital Re, Ltd. offers property and casualty reinsurance with a differentiated reinsurance investment strategy.

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