Exited position

Bill Ackman’s Fortune Brands Innovations I (FBIN) position

Reported position history, portfolio importance and verified filing changes from public SEC disclosures.

Pershing Square Capital ManagementVerified through Q2 2026
Relationship snapshot

At a glance

The full verified relationship, including prior ownership episodes and exits where supported.

First reportedQ4 2011Earliest verified positive filing snapshot
Latest statusExited positionBased on the latest supported relationship state
Peak shares20.82MHighest verified quarter-end share count
Quarters reported2Verified quarters with shares above zero
What happened?

Pershing Square Capital Management first reported Fortune Brands Innovations I in Q4 2011. The reported position was reduced across later filings. The latest verified relationship event shows that Pershing Square Capital Management sold the entire position in Q2 2012, and the stock is no longer reported in the latest verified portfolio.

Verified SEC history

Position over time

See the same verified relationship through reported shares, portfolio weight or reported value.

Metric

Gaps indicate periods that cannot be safely connected or where a verified corporate action changes the raw share scale. Stock price, when available, is market context and not a transaction price.

Key filing events

What changed

Latest filing plus the most meaningful reported changes. Unchanged quarters are collapsed by default.

Q2 2012
Sold the entire position−13.32M shares · No shares reported at quarter-end
Q1 2012
Sold 36.0% of the position−7.50M shares · 13.32M shares remained
Filing context

Quarter-end price $22.07 · Estimated holding basis $17.03

Q4 2011
New position+20.82M shares · 20.82M shares reported
Filing context

Quarter-end price $17.03 · Estimated holding basis $17.03

Portfolio importance

How important was Fortune Brands Innovations I in Pershing Square Capital Management’s reported portfolio?

Relative importance is measured only within the verified primary non-option reported portfolio for each quarter.

Last reported portfolio weight3.6%Q1 2012
Last reported rank#7of 10 reported positions
Peak portfolio weight4.6%Q4 2011
Best historical rank#7Q1 2012
At peak importanceQ4 2011
FBIN
4.6%
Largest holding
21.0%
SEC evidence & methodology

SEC filing evidence

Market context and filing-derived values are kept separate from actual transaction prices, which 13F filings do not disclose.

Latest verified stock price$39.402026-09-18

Market context only; not an investor transaction price.

Latest verified investor filingQ2 2026 · filed 2026-08-14
Open SEC filing ↗

This tracker follows Pershing Square Capital Management’s Form 13F disclosures. It is not Bill Ackman’s personal brokerage account, and 13F filings do not reveal exact trade dates or execution prices.