
Billionaire investor Bill Ackman recently took to the social media platform X. He announced that the Federal National Mortgage Corporation (FNMA) (Fannie Mae) and the Federal Home Loan Mortgage Corporation (FMCC) (Freddie Mac) are “stupidly cheap,” and “could be a 10X, and it could happen soon” amid the war in Middle East.
Ackman’s investment machine, Pershing Square Holdings (PSHZF), has just under 10% of the outstanding shares of both Fannie Mae and Freddie Mac, 115.57 million shares of Fannie to be precise. It must be noted that this fact was disclosed in a 13D filing in November 2013, and not in a 13F filing.