Billionaire Ackman Loves Valeant Pharmaceuticals Intl Inc (VRX), Air Products & Chemicals Inc. (APD), Canadian Pacific Railway Limited (USA)(CP)

The third position is held by Canadian Pacific Railway Limited (USA)(NYSE:CP), with the investor disclosing a holding of 13.94 million Canadian Pacific Railway Limited (USA)(NYSE:CP) shares, unchanged from the previous quarter, with the position having a reported value of $2.55 billion. With a market cap of $29.2 billion, Canadian Pacific Railway Limited (USA)(NYSE:CP) is a transcontinental railway operating in Canada and the United States. Shares of the company dropped by 5.18% during the first quarter of 2015 despite reporting an all-time high quarterly net income of $320 million, or $1.92 per diluted share in the first quarter of 2015. Revenues rose by 10% to $1.7 billion for the quarter. Billionaire Daniel S. Och’s OZ Management held 4.40 million shares of Canadian Pacific Railway at the end of the first quarter.

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In Zoetis Inc (NYSE:ZTS), Pershing Square slightly upped its position to 41.82 million shares from 41.57 million shares held previously. The stake is valued at $1.94 billion. Zoetis is an animal health company, with a market cap of $23.4 billion. During the past year, the company’s stock increased by an impressive 55.07%. Net income for the first quarter rose by 6% to $165 million, or $0.33 per diluted share, compared to the first quarter of 2014. However, the company’s revenue of $1.1 billion was flat compared to the same quarter last year. Another investor we track with a big position in Zoetis Inc (NYSE:ZTS) is James Dinan’s York Capital Management, which owned 4.48 million shares at the end of the first quarter.

Disclosure: None