Bill Ackman's Q2 Stock Moves: Buys and Sells
Buys
- Nike: 3 million shares worth around $229 million
- Dollar Tree: 1.7 million shares worth around $55 million
- Chipotle: 1 million shares worth around $27 million
Sells
- Netflix: Sold at a loss in April
- Hilton: Sold 7.8 million shares worth around $682 million
- Lowe's: Sold 3.9 million shares worth around $340 million
Other Notable Changes
- Increased stake in Fannie Mae and Freddie Mac to just under 10% of outstanding shares
- Decreased portfolio value from $10.39 billion to $7.46 billion
Analysis
Ackman's Q2 stock moves reflect his continued focus on value investing. He has been a vocal critic of Netflix's high valuation, and his decision to sell the stock at a loss is a sign that he believes it is still overvalued. His purchases of Nike, Dollar Tree, and Chipotle suggest that he sees these companies as undervalued. Ackman's increased stake in Fannie Mae and Freddie Mac is also noteworthy. These companies have been in government conservatorship since the 2008 financial crisis, but Ackman believes that they are now undervalued and poised for a turnaround. Overall, Ackman's Q2 stock moves are a sign that he is confident in the long-term prospects of the stock market. He is willing to take risks on companies that he believes are undervalued, and he is not afraid to sell stocks that he believes are overvalued.
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