Bill Ackman’s 3Q18 Letter: Starbucks, Hilton, Fannie/Freddie

YTD 11/13/18, NAV increased by 9.7% compared to S&P 500’s 3.5% Starbucks Corporation (SBUX) Purchased at an average price of $51/share Built the world’s most valuable specialty coffee brand by first creating the category in the US and then expanding globally Brand is synonymous with premium products and a high-end experience for both customers and […]

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Bill Ackman

Bill Ackman is the founder and CEO of Pershing Square Capital Management, an activist hedge fund founded in 2004. Bill Ackman has publicly launched activism campaigns including Wendy’s, Herbalife, JC Penny, Valeant, and many others. He has come under significant media scrutiny over his activism campaigns, particularly with his short position on Herbalife and his […]

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