Courtesy of ZeroHedge. View original post here.
With Valeant having collapsed over 30% today alone, now under $100 for the first time in a year (from highs over $260 in August 2015):
… we – and others – thought a glance at Bill Ackman's largest holdings was worthwhile in case things start to escalate even quicker: after all, losing nearly a billion dollars in one day will make even the most hardeneded LP nervous and one wonders how long before the rest of Pershing Square's holdings are liquidated
With these sizable positions, even the slightest fear of liquidation will spark investor front-running in these names, and it seems they already are:
And then there is Ackman's "Big Short" – Herbalife…
Charts: Bloomberg
