Bill Ackman is getting crushed, again

Hedge fund titan Bill Ackman’s Pershing Square Holdings, the fund’s publicly traded vehicle, has fallen 11.4% in 2016, according to a performance update.

That performance is through January 12.

Pershing Square had its worst year in its history last year, falling 20.5%.

Ackman, a well-known activist investor, makes large, concentrated bets in a handful companies.

His largest holdings include, Valeant Pharmaceuticals, Air Products & Chemicals, Canadian Pacific, Mondelez, and Zoetis.

Another sizeable holding, the Howard Hughes Corporation, has fallen more than 19% this year. Pershing Square, which began building its stake in the company in the fourth quarter of 2010, last held 5.48 million shares of Howard Hughes, according to a securities filing from January 4.

Ackman has previously referred to Howard Hughes, which develops planned communities and mixed-use properties, one of the “best kept secrets on Wall Street.”

We’ll have more in a moment…

NOW WATCH: We tested an economic theory by trying to buy people’s Powerball tickets for much more than they paid

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.