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Pershing Square Holdings

blue-chip portfolio bought at a discount

7 transcript mentions
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’19’20’21’222’23’24’252’263
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#174with Andrew Wilkinson - How to Network with Billionaires, Andrew and Sam's Recent Investments, & A Better Investor Than Buffett2×

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$2.7BPayout from Ackman's hedge betEP 174 · 1:18:42 · ANDREW WILKINSON · Bill Ackman · Pershing Square Holdings

In the moments

2 linked receipts
Story

Bought a $5M dollar of stock for 65 cents, then $57K lunch with Ackman

Andrew Wilkinson bought into Bill Ackman's Pershing Square Holdings because its blue-chip stock portfolio (Lowe's, Chipotle, Howard Hughes) traded at 65 cents on the dollar. He then spent $57,000 on a charity lunch to 'grill' Ackman as due diligence; the stock later tripled and they ended up doing deals together.

“And for every dollar of stock that was sitting in the holding company, you could buy it for 65 cents because the stock had traded down so much. So it was like buying a dollar for 65 cents. So I didn't necessarily think Bill was a genius. I thought he was a very smart investor. I just thought it was a very cheap stock, and so I bought it. And then when I saw this charity lunch come up, I was like, "Oh, sweet. I can grill this guy and see if I like him."”
EP 174 · 1:17:08 · ANDREW WILKINSON
Read at 1:17:08
mfmindex.com№ 0174-4628
Number

Ackman turned a $25M bet into $2.7B

Andrew Wilkinson notes that Bill Ackman invested $25 million in a hedge that turned into $2.7 billion, inside the very Pershing Square holding company Wilkinson is an investor in.

$2700M
Payout from Ackman's hedge bet · USD
“he had a bet where he invested $25 million and it turned into $2.7 billion. And that was in that holding company that I'm an investor in.”
EP 174 · 1:18:42 · ANDREW WILKINSON
Read at 1:18:42
mfmindex.com№ 0174-4722