14 Comments
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Colin Shen,CFA's avatar

Less than three months later, the firm sold the entire stake — resulting in about a $400 million loss on the investment. From my view, institutional investors have lots of limitation on asset allocation or security selection since every tiny change could cause significant pricing impact on their big big AUM. So, he might have to dump them due to the risk control or investment policy to avoid max drawdown something like Sharpe ratio metric

Maverick Equity Research's avatar

Most insti indeed have those limitations, but not Ackman with his Holding, they are fully free afaik

Finance & Econ's avatar

That Ackman story is wild, it happens to the best indeed! Thanks man for all your work!

Maverick Equity Research's avatar

Wild indeed, welcome!

P.S. helps if you share the post out there, thank you!

Investing Musings's avatar

Ackman ‘Netflix & Chill’, man that was hilarious! Thanks a lot, great all as always!

Maverick Equity Research's avatar

Funny indeed! Welcome, glad to hear!

P.S. helps if you share the post out there, thank you!

Dividend Growth Investing's avatar

Awesome man as always, thanks a lot!

Maverick Equity Research's avatar

Welcome, glad to hear!

P.S. helps if you share the post out there, thank you!

PK Shrivastava's avatar

Thanks for your insights! Loved the post.

Maverick Equity Research's avatar

Welcome, glad to hear!

P.S. helps if you share the post out there, thank you!

Michael B.'s avatar

super smooth, thanks Mav!

Long Short's avatar

very solid as always, simple yet full of insight via great data/visuals, thanks!