ClaimsPeople

Bill Ackman

Bill Ackman is a hedge fund manager and the founder and CEO of Pershing Square Capital Management, which has a fund listed on Euronext Amsterdam.

865 claims collected, 272 researched, 99 resolved. Report of 4 November 2026, method 0.1.0+c876030c.

Scores by kind of claim

Each kind of claim is scored on its own, out of 100: the share that held up, with the range it likely falls in. Fewer resolved claims give a wider range.

  • Factual claims

    Statements about the present or the past, checked against the record: did they hold up?

    76 70 81

    High confidence, 82 factual claims resolved. From 16 documents, 2011 to 2026; 19 documents sampled from 36 candidates found.

    Not scored: 48 unresolvable, 28 checkable only against their own records.

    See the factual claims

  • Predictions

    Statements about events outside the person's control, checked once they fell due: did they come true?

    68 54 82

    Low confidence, 14 predictions resolved. From 7 documents, 2014 to 2024; 19 documents sampled from 36 candidates found.

    Not scored: 81 unresolvable. 8 more fall due later.

    Does not yet allow for how likely each prediction was when made.

    See the predictions

  • Promises

    Commitments to the person's or organisation's own future action, with something to deliver: was it delivered?

    Insufficient record: 3 promises resolved, 5 needed for a score.

    Not scored: 6 unresolvable, 1 not yet due, 1 checkable only against their own records.

    See the promises

All types combined: 74 (likely 69 to 80, high confidence), from 96 claims: 82 factual claims, 14 predictions. It mixes kinds of claim in different proportions for different people, so compare people kind by kind.

Bill Ackman's claims

865 claims · page 9 of 9

865 claims, sorted by newest said. Choose a claim to read it in full.
VerdictKindSaidClaimTopic
Not checkable Not checkable Jan 2016 we believe that it is partially what has caused the “pop” in market price when we announce a new active investment. Not checkable · Jan 2016
Not researched Factual Jan 2016 The decline of the Pershing Square portfolio began with Valeant's stock decline in August 2015. Factual · Jan 2016 Their own work or organisation
Not researched Factual Jan 2016 Valeant's stock declined nearly 70% following the events of drug pricing attention, regulatory scrutiny, short seller attacks and a terminated distribution arrangement. Factual · Jan 2016 Economics and markets
Not researched Factual Jan 2016 Pershing Square increased its investment in Valeant through the net purchase of option contracts on the company in 2015. Factual · Jan 2016 Their own work or organisation
Not checkable Not checkable Jan 2016 we are unlikely to make wholesale changes to the current portfolio as we find the valuations of our holdings extremely attractive. Not checkable · Jan 2016
Not researched Factual Jan 2016 Index funds and ETFs have very low fees and have outperformed the average active manager in recent years. Factual · Jan 2016 Economics and markets
Not checkable Not checkable Jan 2016 Whatever he decides to do, I encourage you to give him a close look. Not checkable · Jan 2016
Own records only Factual 21 Jul 2014 Ackman told CNBC's Halftime Report that his side had hundreds of hours of internal video and some internal documents given to them by some employees. Factual · 21 Jul 2014 Economics and markets
Mostly false Factual 21 Jul 2014 Herbalife's so-called nutritional clubs are not places where people get together to talk about losing weight. Factual · 21 Jul 2014 Economics and markets
Unresolvable Factual 21 Jul 2014 Allergan's reported earnings growth is not driven by an increase in revenue growth. Factual · 21 Jul 2014 Economics and markets
Not checkable Not checkable 21 Jul 2014 "Really what they're doing is cutting out fat they really could have cut out a long time ago," he told CNBC. Not checkable · 21 Jul 2014
Not checkable Not checkable 21 Jul 2014 "That would be a great outcome for Carl, and that would be wonderful for us," Ackman said at the Delivering Alpha conference presented by… Not checkable · 21 Jul 2014
Not checkable Not checkable 21 Jul 2014 "The company is clearly panicking," Ackman said of Herbalife's recent Twitter campaign that called him the "Worst of Wall Street." Not checkable · 21 Jul 2014
Not checkable Not checkable 21 Jul 2014 "The quality of those earnings is not very high quality," the hedge fund manager said. Not checkable · 21 Jul 2014
Not checkable Not checkable 21 Jul 2014 "As the deal spread narrows, people perceive the probability [of the deal] increasing," said Ackman, whose firm holds a nearly 10 percent… Not checkable · 21 Jul 2014
Not checkable Not checkable 21 Jul 2014 "This will be the most important presentation that I have made in my career," he said. "We won't disappoint." Not checkable · 21 Jul 2014
Mostly true Prediction 5 May 2014 Banks are not likely to step back in and provide meaningful mortgage investment. Prediction · 5 May 2014 Economics and markets
Unresolvable Prediction 5 May 2014 Ackman said he and his firm did not think any investor of consequence in the world would invest in the new version of Fannie and Freddie, likely referring to the Crapo-Johnson bill. Prediction · 5 May 2014 AI policy and governance
Not checkable Not checkable 5 May 2014 I really enjoyed Jeff Gundlach’s presentation. Not checkable · 5 May 2014
Not checkable Not checkable 5 May 2014 owning a royalty on every mortgage that’s written in America Not checkable · 5 May 2014
Resolved true Factual 5 May 2014 Fannie Mae and Freddie Mac's fixed-income arbitrage activity is a highly-levered, hedge-fund-like business. Factual · 5 May 2014 Economics and markets
Not checkable Not checkable 5 May 2014 core business is a phenomenal business Not checkable · 5 May 2014
Mostly false Factual 5 May 2014 Fannie Mae and Freddie Mac are more important today in the mortgage market than they have ever been. Factual · 5 May 2014 Economics and markets
Not checkable Not checkable 12 Jun 2012 taking advantage of the opportunity for long-term profit offered when short-term investors sell due to disappointing short-term macro or… Not checkable · 12 Jun 2012
Unresolvable Factual 6 Jun 2011 The company being discussed, which the resolution criteria take to be Family Dollar, has 14% of its sales in higher-margin products, compared with figures of 22% and 20% that the speaker cited for comparison. Factual · 6 Jun 2011 Economics and markets
Not checkable Not checkable 6 Jun 2011 It’s actually remarkably good business. Not checkable · 6 Jun 2011
Unresolvable Factual 6 Jun 2011 Family Dollar spends about $325,000 per new store, by Ackman's estimate. Factual · 6 Jun 2011 Economics and markets
Unresolvable Factual 6 Jun 2011 The business being discussed has net debt of about $100 million and is a profitable, consistent business. Factual · 6 Jun 2011 Economics and markets
Not checkable Not checkable 6 Jun 2011 This is a case where building new stories is a very attractive proposition, and we want all the stores they can build. Not checkable · 6 Jun 2011
Not researched Factual 6 Jun 2011 Family Dollar has a market capitalisation of about $6.5 billion. Factual · 6 Jun 2011 Economics and markets
Unresolvable Factual 6 Jun 2011 Ackman said the business he was describing earns a 20% return on capital overall. Factual · 6 Jun 2011 Economics and markets
Not researched Factual 6 Jun 2011 In 2006, with its inventory liquidation, Dollar General performed worse than Family Dollar. Factual · 6 Jun 2011 Economics and markets
Not checkable Not checkable 6 Jun 2011 I’ll be shopping there soon based on what he had to say. Not checkable · 6 Jun 2011
Not checkable Not checkable 6 Jun 2011 I’ll do anything for charity. Not checkable · 6 Jun 2011
Own records only Factual 6 Jun 2011 Bill Ackman says his firm makes about 15% of its money from passive ideas. Factual · 6 Jun 2011 Their own work or organisation
Not researched Factual 6 Jun 2011 Ackman said that the company he was discussing had 20,000 units ("They've got 20K units"); the quote does not name the company, and it lists Family Dollar and Dollar General as smaller competitors. Factual · 6 Jun 2011 Economics and markets
Unresolvable Factual 6 Jun 2011 Dollar General performs much better than Family Dollar. Factual · 6 Jun 2011 Economics and markets
Not researched Factual 6 Jun 2011 Since KKR took over Dollar General, it has massively outperformed its competitor Family Dollar. Factual · 6 Jun 2011 Economics and markets
Not researched Factual 6 Jun 2011 Family Dollar is increasing its stores' opening hours. Factual · 6 Jun 2011 Economics and markets
Own records only Promise 6 Jun 2011 Bill Ackman says he will send out all the slides from his presentation. Promise · 6 Jun 2011 Their own work or organisation
Not researched Factual 6 Jun 2011 Family Dollar prices slightly above Walmart while offering more convenience. Factual · 6 Jun 2011 Economics and markets
Unresolvable Prediction 6 Jun 2011 If the business matched what KKR and the management team achieved at Dollar General, keeping the multiple the same as Dollar General's, investors would make a 70% profit versus the prior night's close. Prediction · 6 Jun 2011 Economics and markets
Not researched Factual 6 Jun 2011 Since KKR took over Dollar General, the company has achieved much higher profitability than its competitor when measured by EBIT per square foot, which Ackman attributes to running the business better and more efficiently. Factual · 6 Jun 2011 Economics and markets
Not researched Factual 6 Jun 2011 Walmart charges about 5% less than Family Dollar for the same kinds of goods. Factual · 6 Jun 2011 Economics and markets
Unresolvable Factual 6 Jun 2011 Family Dollar expects to complete its $750 million buyback by fall 2011. Factual · 6 Jun 2011 Economics and markets
Not researched Factual 6 Jun 2011 Family Dollar's new stores earn roughly a 37-50% return on investment, by Ackman's estimate. Factual · 6 Jun 2011 Economics and markets
Unresolvable Prediction 6 Jun 2011 Family Dollar will return to 5-7% annual unit growth. Prediction · 6 Jun 2011 Economics and markets
Not checkable Not checkable 6 Jun 2011 They spent the money intelligently and they earn a very attractive return on new stores. Not checkable · 6 Jun 2011
Unresolvable Factual 6 Jun 2011 Bill Ackman says he had an even better GDP-type idea but it was not liquid enough to present at the conference. Factual · 6 Jun 2011 Their own work or organisation
Not checkable Not checkable 6 Jun 2011 On that circumstance, you make nothing, but it’s a sound investment. Not checkable · 6 Jun 2011
Not researched Factual 6 Jun 2011 Family Dollar is in the middle of a $750 million share buyback. Factual · 6 Jun 2011 Economics and markets
Not checkable Not checkable 6 Jun 2011 What I like about it is actually it serves them well. Not checkable · 6 Jun 2011
Unresolvable Factual 6 Jun 2011 Drug stores, which sell the same kind of goods, charge 20% more, and supermarkets about 15% more, than the retailer being discussed. Factual · 6 Jun 2011 Economics and markets
Not researched Factual 6 Jun 2011 Bill Ackman's presented investment idea is Family Dollar. Factual · 6 Jun 2011 Economics and markets
Not checkable Not checkable 6 Jun 2011 I have 2 minutes and 25 seconds left, so you owe me like $1M for finishing on time. Not checkable · 6 Jun 2011
Not checkable Not checkable 6 Jun 2011 This is the passive idea because somebody else is already doing the work. Not checkable · 6 Jun 2011
Mixed Factual 6 Jun 2011 Family Dollar trades at a price-earnings ratio of 14. Factual · 6 Jun 2011 Economics and markets
Not researched Factual 6 Jun 2011 Family Dollar is focused on increasing the percentage of sales in higher-margin products. Factual · 6 Jun 2011 Economics and markets
Mixed Factual 6 Jun 2011 Family Dollar continues to take market share even during difficult economic environments. Factual · 6 Jun 2011 Economics and markets
Not checkable Not checkable 6 Jun 2011 I never consider any bid on something I own hostile. Not checkable · 6 Jun 2011
Not checkable Not checkable 6 Jun 2011 from an anti-trust point of view, we think Dollar General can buy the business. Not checkable · 6 Jun 2011
Not researched Factual 6 Jun 2011 Dollar General has outperformed Family Dollar on same-store sales, sales per square foot, margins, profit growth and unit growth. Factual · 6 Jun 2011 Economics and markets
Not checkable Not checkable 6 Jun 2011 But actually, it’s our idea. Not checkable · 6 Jun 2011
Not researched Factual 6 Jun 2011 Family Dollar's same-store sales do better during recessionary environments. Factual · 6 Jun 2011 Economics and markets
Unresolvable Factual 6 Jun 2011 Family Dollar is consolidating stores. Factual · 6 Jun 2011 Economics and markets
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Bill Ackman

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Not checkable

“we believe that it is partially what has caused the “pop” in market price when we announce a new active investment.”

Bill Ackman January 2016 Bill Ackman's Pershing Square Annual Investor Letter (2015 letter) (GuruFocus)

we believe that it is partially what has caused the “pop” in market price when we announce a new active investment.

Not checkable An opinion, value judgement or statement with nothing to check.

Cite this claim

Bill Ackman, “we believe that it is partially what has caused the “pop” in market price when we announce a new active investment.” (said January 2016). Verdict: not checkable. Reliability API, claim c_e47fd78df959, method 0.1.0+c876030c. https://epistacklabs.com/claims/c_e47fd78df959

Claims without a verdict

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