Thursday, August 16, 2012

Ackman Details P&G Stake; Sells Kraft, FDO, Citigroup

Bill Ackman of Pershing Square Capital management disclosed his holdings as of the end of the second quarter in a 13f filing with the SEC today.

Ackman has liquidated Pershing Square’s entire stake in Kraft (KFT) after lowering it by 27% during he first quarter. Ackman also liquidated his stakes in Family Dollar (FDO) and Fortune Brands Home & Security (FBHS).

Ackman sold nearly all of his Citigroup (C) stake, lowering it to 1.1 million shares from more than 26 million shares as of the end of the first quarter, according to InsiderScore.com.

As has been widely reported, Ackman also added a stake in Procter & Gamble (PG) The filing says he owned 21.9 million shares as of the end of the second quarter, worth $1.3 billion. He also owned 8.4 million P&G call options as of the end of the quarter.

Pershing also said it would receive shares of shipper Matson (MATX) after its split with Alexander & Baldwin. Pershing is apparently entitled to 3.6 million Matson shares.

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