Pershing Releases 13-F: Bulking Up on Sears, No Longer Short Ambac

Bill Ackman released the 13-F for his hedge fund today. Here are the current holdings. Missing is Ambac (ABK) ...

Holdings (in $ millions)

• Target (TGT) = $1,215.9
• Target (TGT) = $133 (calls)
• Sears Holdings (SHLD) = $794.3
• Barnes and Noble (BKS) = $200.4
• Borders (BGP) = $62.1
• MBIA (MBI) = -$74 (puts)
• Greenlight Capital (GLRE) = $4.5
• Wendy's (WEN) = $164.6
• Cadbury Schwepps (CBY) = $1.6

Some big news as there is a a $150 million increase in Sears Holdings and Ackman is no longer short Ambac. He also reduced his MBIA short from over $500 million as of 12/31 to its current level.

Disclosure ("none" means no position): Long SHLD, BGP.

Comments

[MSF:]

TODD,

YOU DO NOT PERSONALLY OWN SEARS STOCK ALTHOUGH YOU ARE LONG.

THAT NEVER SITS WELL WITH ME.

2008 May 15 09:05 AM

[MSF:]

AS FAR AS ACKMAN,HE BOUGHT INTO SEARS SO HIGH HE IS AVERAGING DOWN HIS PURCHASE.

LOOK FOR HIM TO UNLOAD IF THE STOCK GOES UP.

2008 May 15 09:31 AM

[PhD:]

Please check your numbers. From my read of the 13-F, Ackman's position in MBI is only $74,000 (not million as your article states).

2008 May 15 09:50 AM

[MSF:]

''LOSE MONEY'' STARRING JIM CRAMER

2008 May 15 12:57 PM

[todd su:]

MSF,

I have owned SHLD for over a and a half

2008 May 15 01:49 PM

[todd su:]

MSF,

I have owned SHLD for over a and a half

2008 May 15 01:49 PM

[MSF:]

I HAVE READ WHERE AFTER YOUR POST IT SAID ''NONE'' MEANT NO HOLDINGS.

2008 May 15 02:15 PM

[MSF:]

SHLD MAY BE A GOOD STOCK FOR YOUR GREAT GREAT GRANDCHILDEREN TO OWN.

BUY IT TODAY AND LEAVE IT FOR THEM,,,,,,,MAYBE THEY WILL LOVE YOU FOR IT.

LOL

2008 May 15 02:19 PM

[MSF:]

TODD,

HERE IS AN EXAMPLE,YOU POSTED A BLOG ON LAMPERT POSSIBLY BUYING GE'S APPLIANCE UNIT.

AT THE END IT SAYS YOU ARE LONG SEARS AND THE WORD ''NONE'' MEANING NOT OWNING THE SECURITY ITSELF.

PLEASE EXPLAIN.

2008 May 15 04:39 PM

[MSF:]

BY THE WAY,YOU ARE PROBABLY WRONG AGAIN ON THE LAMPERT /GE DEAL.

IT'S YOU OPINION NOTHING SOLID AND LIKE EVERYTHING ELSE YOU BEEN SAYING ...NOT HAPPENING.

2008 May 15 04:43 PM

[todd su:]

msf,

As i have explained multiple times to you before, it means long shld, "none" in other securities listed....

why can't you understand?

2008 May 15 05:19 PM

[todd su:]

msf,

As i have explained multiple times to you before, it means long shld, "none" in other securities listed....

why can't you understand?

2008 May 15 05:19 PM

[todd su:]

msf,

"opinion"......... do you know what a "blog" is???

2008 May 15 05:20 PM

[todd su:]

msf,

"opinion"......... do you know what a "blog" is???

2008 May 15 05:20 PM

[MSF:]

TODD,

WHERE DID YOU FIND OR LEARN ABOUT THAT LAMPERT NEWS CONCERNING GE.

IT'S NOT OUT THERE,SO IT IS YOUR OPINION ,,RIGHT.

NOT HAPPENING,,,,,,.

2008 May 15 06:01 PM

[MSF:]

A BLOG IS INFORMATION ON FACTS NOT OPINION.

2008 May 15 06:03 PM

[MSF:]

LET'S HAVE ANOTHER PIZZA PLEASE AND A FEW MORE BANANAS.

2008 May 15 06:05 PM

[dingojoe:]

Still think his Borders-B&N holdings are the most interesting. Does he really think he can maximize both investments, or does he think vulturizing one (BGP) can provide benefit to the other (BKS) that outweighs any stock loss on BGP.

2008 May 16 02:14 AM

[MSF:]

TODD,

AM I CORRECT TO SAY THAT SO FAR EVERYTHING YOU SAID ABOUT SEARS HAS NOT HAPPENED.

5.16.08

2008 May 16 08:27 AM

[Phil Anthropy:]

Mad Money Cramer touted SHLD for years, saying he had confidence in Eddy Lampert and that the real value was in their real estate and other holdings, not the retail end. He likened SHLD to another Berkshire Hathaway model. It does not appear that he was correct. However, since retain will probably consolidate during an economic decline, perhaps SHLD will find some accretive acquisitions at bargain prices. I may go into SHLD as a speculative play if some of the economic numbers get better. They have good tools, appliances and Land's End clothes. But until there's a catalyst, it doesn't appear to me that the stock will do much besides tread water and wish it were Wal Mart. The problem with Cramer's advice is that for every GOOG on the upside, he has a BKHM, LVLT and RAD on the downside.

2008 May 18 11:24 PM

[MSF:]

LAMPERT DOES NOT KNOW RETAIL HE SHOULD OF SOLD OFF THE PROPERTIES WHEN REAL ESTATE WAS GOING UP AND INVESTED THE SURPLUS.
BUT BECAUSE IT IS DIFFICULT TO MAKE MONEY TRADING IN THE MARKET HE DID NOT DO ANYTHING.
HE MADE MONEY IN THE MARKET WHEN EVERYTHING WAS GOING UP.
NOW HE IS SUCKING WIND.BUT HE DOES NOT CARE HE IS A BILLIONAIRE AND IS MAKING MONEY OFF HIS FEES IN THE HEDGE FUND.
HE IS HAVING FUN.

2008 May 19 10:37 AM