4 Stocks Billionaire Bill Ackman Is Buying and Selling

Billionaire hedge fund manager Bill Ackman has made a few missteps, but he remains one of the most watched hedge fund managers in business. Investors follow his 13F regulatory reports with interest to see what the activist and value investor id buying or selling in any given quarter.

During the third quarter and thereafter, Ackman bought and sold shares of Mondelez International (NASDAQ: MDLZ), Automatic Data Processing (NASDAQ: ADP), Restaurant Brands International (NYSE: QSR), and Nomad Foods (NYSE: NOMD).

Mondelez has been an important part of Pershing Square's portfolio since it was added to the portfolio in 2015. Ackman added to the position in the third quarter by buying call options and total return swaps, which magnify the gain or loss on the stock.

Source: Fool.com