Tracking Bill Ackman’s Pershing Square Portfolio – Q4 2019 Update (Seeking Alpha)
Bill Ackman‘s 13F portfolio value increased from $6.49B to $6.55B this quarter. Pershing Square increased Howard Hughes and Agilent Technologies during the quarter. The largest three 13F positions are Chipotle Mexican Grill, Hilton Worldwide Holdings, and Lowes Companies. They together account for ~56% of the portfolio. This article is part of a series that provides an ongoing analysis of the changes made to Pershing Square’s 13F portfolio on a quarterly basis. It is based on Ackman’s regulatory 13F Form filed on 02/14/2020. Please visit our Tracking Bill Ackman’s Pershing Square Holdings article for an idea on how his holdings have progressed over the years and our previous update for the fund’s moves during Q3 2019.
Ex-Merrill Banker Charged in French Insider-Trading Probe (Bloomberg)
(Bloomberg) — A former Merrill Lynch banker has been charged as part of a French insider-trading investigation focusing on suspicious gains made by a Geneva-based trader and a leak from a former consultant at Brunswick Group LLP. The charges against Samy Khouadja, filed in 2018 but disclosed in court earlier this month, related to a failed oil services deal. The case against Khouadja, who left Bank of America Corp.’s Merrill Lynch in February 2014, emerged at a French top court hearing where he and other defendants sought to challenge the way investigators gathered evidence.
Thursday 2/20 Insider Buying Report: ALTG, ADTN (Nasdaq.com)
On Tuesday, Alta Equipment Group’s Director, Daniel Shribman, made a $499,996 buy of ALTG, purchasing 47,393 shares at a cost of $10.55 each. Alta Equipment Group is trading down about 0.9% on the day Thursday. This buy marks the first one filed by Shribman in the past twelve months. And also on Tuesday, Chief Product Officer Daniel T. Whalen purchased $177,367 worth of Adtran, purchasing 20,000 shares at a cost of $8.87 a piece. This purchase marks the first one filed by Whalen in the past twelve months. Adtran is trading up about 6.6% on the day Thursday. Whalen was up about 5.5% on the purchase at the high point of today’s trading session, with ADTN trading as high as $9.36 in trading on Thursday.
Fortinet Inc (FTNT) CFO & Chief Accounting Officer Keith Jensen Sold $1.3 million of Shares (Guru Focus)
CFO & Chief Accounting Officer of Fortinet Inc., Keith Jensen, sold 11,002 shares of FTNT on 02/18/2020 at an average price of $119.78 a share. The total sale was $1.3 million. Fortinet Inc software solutions provider. The company develops and sells a portfolio of security software products which includes firewall, threat detection, WLAN and switching, application security, identity and access management.
The CFO of Meritage (NYSE: MTH) is Selling Shares (Analyst Ratings)
Yesterday, the CFO of Meritage (MTH), Hilla Sferruzza, sold shares of MTH for $856.4K. Following Hilla Sferruzza’s last MTH Sell transaction on April 29, 2019, the stock climbed by 20.5%. In addition to Hilla Sferruzza, 3 other MTH executives reported Sell trades in the last month. Based on Meritage’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $1.14 billion and quarterly net profit of $104 million.
