Ackman's Pershing Square Raises Citigroup (C) Stake, Lowers Kraft (KFT)

May 15, 2012 5:40 PM EDT
Bill Ackman's Pershing Square hedge fund released its 13F for the quarter ended March 31, 2012. Below is a summary:

New Stakes

Raised Stakes
Alexander & Baldwin, Inc. (NYSE: ALEX) raised from 3,561,943 shares to 3,644,870 shares
Canadian Pacific Railway Ltd (NYSE: CP) raised from 24,154,408 shares to 24,159,888 shares
Citigroup, Inc. (NYSE: C) raised from 26,119,845 shares to 26,124,594 shares
J.C. Penney Co., Inc. (NYSE: JCP) raised from 38,715,571 shares to 39,075,771 shares

Lowered Stakes
Family Dollar Stores, Inc. (NYSE: FDO) lowered from 8,384,863 shares to 2,614,863 shares *
Fortune Brands Home & Security (NYSE: FBHS) lowered from 20,818,545 shares to 13,323,249 shares
Kraft Foods Inc. Cl A (NYSE: KFT) lowered from 21,160,759 shares to 15,506,172 shares

Liquidated Stakes
J.C. Penney Co., Inc. (NYSE: JCP) (CALL) liquidated

Maintained Stakes
Beam, Inc. (NYSE: BEAM) maintained 20,818,545 share stake
General Growth Properties, Inc. (NYSE: GGP) maintained 72,233,712 share stake
Howard Hughes (NYSE: HHC) maintained 3,568,017 share stake

* Since the original filing these positions have been updated further.

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13Fs, Hedge Funds

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William Ackman, Pershing Square Capital, Citi, Hedge Funds

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