An analysis of Canadian Pacific Railway, which was bought in bulk in 3Q by billionaire investor Bill Ackman

The 13F forms have been freely available for a few days now, which means individual investors can study what the big players were buying in Q3 of this year. Here's a look inside the portfolio of one of today's most famous investors, Bill Ackman.

Who is Bill Ackman

Bill Ackman is the founder and CEO of Pershing Square Capital Management, a hedge fund management company. His investment approach makes him an activist investor. As of 2022, Ackman's net worth was estimated by Forbes to be $2.8 billion.

As of 2022, Pershing Square's stock positions are down about 22% year-over-year. However, because of Ackman's hedge, his fund is only down about 8% as of November 17, 2022. As for Ackman's hedge, his firm made about $2 billion from Ackman's bet that interest rates would rise.

As for inflation, Ackman said inflation could be structurally higher than it has been historically. Ackman says, "We…