Ackman boosts stakes in GSEs


Bill Ackman's Pershing Square has lifted its holdings in the common stock of Fannie Mae (FNMA -2.5%) and Freddie Mac (FMCC -2.3%) to over 11% in each, reports CNBC. At last filing in mid-November, Pershing disclosed stakes of just under 10%.

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Comments (8)
  • DeepValueLover
    , contributor
    Comments (11220) | Send Message
     
    Not my favorite guy but he is right about the GSEs.
    31 Mar 2014, 10:40 AM Reply Like
  • BestPick
    , contributor
    Comments (235) | Send Message
     
    looks like he sold shares when FNMA & FMCC was a high 2 weeks ago, close to $6 then plunge
    31 Mar 2014, 11:10 AM Reply Like
  • Welt
    , contributor
    Comments (257) | Send Message
     
    What would make you think that? He INCREASED his stake...
    31 Mar 2014, 11:58 AM Reply Like
  • BestPick
    , contributor
    Comments (235) | Send Message
     
    Yeah, well, the 1st news said he did and now they just corrected it.
    31 Mar 2014, 12:06 PM Reply Like
  • jkosnett
    , contributor
    Comments (39) | Send Message
     
    Why does anyone care any more what Ackman does or doesn't do? He can say he's going to take over Apple for all I care. That's how much credibility these guys have. It's just so easy for the press to write about their filings.
    i
    31 Mar 2014, 12:32 PM Reply Like
  • Welt
    , contributor
    Comments (257) | Send Message
     
    People with a lot of money have influence...just the way it is.
    31 Mar 2014, 12:36 PM Reply Like
  • Mr. Red Sox
    , contributor
    Comment (1) | Send Message
     
    FNMA is going to remain a volatile, risky stock that's rumor driven. The recent shot
    upward was due to reports that the hedge funds were taking large positions.
    What matters is the outcome of the lawsuit. If the ruling is to keep FNNA in
    business, the stock will probably look like the Space Shuttle roaring skyward from
    Canaveral. If it's thumbs down , the fat lady will be singing .
    1 Apr 2014, 03:02 AM Reply Like
  • strength honor
    , contributor
    Comment (1) | Send Message
     
    Ackman and Berkowitz have thier fnger on the pulse. Big money coming from a senior group backed by Koch brothers attacking the creators of the bill to eliminate F an F.
    1 Apr 2014, 12:24 PM Reply Like
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