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Ackman has a new short! Fun times


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Looks like a small position:

According to the October stat sheet, Pershing Square has 11 long positions and 2 short positions. The fund has -10% gross exposure in a large cap short and -1% gross exposure in a mid cap short. It would appear that the -10% net exposure in large cap short is Herbalife Ltd. (NYSE:HLF) whereas the new short is a smaller one worth roughly $100 million. http://www.valuewalk.com/2013/11/ackman-herbalife-short/

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Ackman’s controversial Herbalife short also gained during October, as the stock fell 7 percent for the month after he announced in early October that he restructured his short bet. It has moved against him all year, with investors like Carl Icahn taking the opposite side.

Ackman covered 40 percent of the equity short, replacing it with long-dated over-the-counter puts. The equity short is now about 10 percent of the portfolio.



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