Just a day after Bill Ackman’s Pershing Square reported its 13F for third quarter, which didn’t have a lot of news, the hedge fund filed a couple of major bombshell 13Ds, showing an activist stake in Federal Home Loan Mortgage Corp (OTCBB:FMCC) a.k.a. Freddie Mac and Federal National Mortgage Association (OTCBB:FNMA) a.k.a. Fannie Mae. Pershing Square Capital management holds 63,505,693 shares of the Freddie Max, which amounts to a 9.8% stake and 115,569,796 shares of Fannie Mae, roughly 10% stake.
The stake is unusual for Ackman, who has previously spoken rarely about the hotly debated recapitalization of the government-owned lender but rightly timed as talk of a sale of the mortgage...
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