FMCCT News and Press, Freddie Mac 6.42% Perp Pfd From 08/22/22

ROP v. FHFA could rule anytime but is largely expected in October-December, and appeals court judges seem to openly disagree with the lower court's interpretation of the law. The breach of contract claims are evolving with new pre-trial statements and damages models, making a potentia...

Bill Ackman’s 13F portfolio value decreased from $10.39B to $7.46B this quarter. Pershing Square dropped Netflix at a loss in April after holding it for just two months. The largest three 13F positions are Lowe's Companies, Chipotle Mexican Grill, and Restaurant Brands. The...

I am projecting AGNC will report a combined extremely notable unrealized loss on the company’s on-balance sheet MBS/investments for the second quarter of 2022 (mainly fixed-rate agency MBS). Generic 15- and 30-year fixed-rate agency MBS coupons had extremely notable price decre...

Lamberth originally planned to rule on the government's motion for summary judgment around July 11. Trial has been rescheduled which seems to imply that he plans to rule against the government's motion for summary judgment. The stock market does not price Fannie and Freddie junior...

Sandra Thompson was sworn in as Director of FHFA June 22. FHFA has finalized lots of rules to prepare Fannie and Freddie for life outside of conservatorship, with Thompson as acting director. With FHFA having taken what appear to be all the steps necessary for admin reform that it...

Bruce Berkowitz’s 13F stock portfolio value increased this quarter from $1.53B to $1.72B. They increased Commercial Metals, Enterprise Products Partners, and Intel during the quarter. The 13F portfolio is mostly invested in St. Joe Company. For further details see: ...

Carl Icahn’s 13F portfolio value decreased from $22.29B to $21.87B this quarter. They reduced Cheniere Energy and Newell Brands during the quarter. They also dropped Occidental Petroleum. Icahn Enterprises, CVR Energy, and Cheniere Energy are the three largest positions. ...

Sandra Thompson was confirmed by Senate vote May 25. Sandra Thompson needs to be sworn in before she is a fully permanent FHFA director. Sandra Thompson has finalized the capital planning rule that mandates Fannie and Freddie put together capital restoration plans. Treasury is cur...

John Paulson’s 13F portfolio value increased marginally from $3.24B to $3.25B this quarter. Paulson & Company added SPDR Gold Trust ETF while reducing Pacira BioSciences and TIM S.A. They also dropped Shell plc and TotalEnergies SE. The top three positions are at 43% of...

Bill Ackman’s 13F portfolio value decreased from $10.78B to $10.39B this quarter. Pershing Square decreased Hilton Worldwide Holdings this quarter. The largest three 13F positions are Lowe's Companies, Chipotle Mexican Grill, and Hilton Worldwide. They together account for ...