Ackman's Pershing Square Trims Family Dollar (FDO), Kraft (KFT); Exits Lowes Cos. (LOW)

Bill Ackman's Pershing Square Capital released its 13F for the fourth quarter ended December 31, 2011. Below is a summary

New Stakes
Beam, Inc. (NYSE: BEAM) new 20,818,545 share position (known through Fortune Brands split)
Fortune Brands Home & Security (NYSE: FBHS) new 20,818,545 share position (know through Fortune Brands split)

Raised Stakes
Canadian Pacific Railway Ltd (NYSE: CP) raised from 4,040,235 shares to 24,154,408 shares *

Lowered Stakes
Citigroup, Inc. (NYSE: C) lowered from 26,124,241 shares to 26,119,845 shares
Family Dollar Stores, Inc. (NYSE: FDO) lowered from 11,388,329 shares to 8,384,863 shares
Kraft Foods Inc. Cl A (NYSE: KFT) lowered from 25,183,333 shares to 21,160,759 shares

Liquidated Stakes
Fortune Brands, Inc. (NYSE: FO) liquidated (knows, sees new stakes BEAM, FBHS)
Lowes Cos. (NYSE: LOW) liquidated

Maintained Stakes
Alexander & Baldwin, Inc. (NYSE: ALEX) maintained 3,561,943 share stake
General Growth Properties, Inc. (NYSE: GGP) maintained 72,233,712 share stake
Howard Hughes (NYSE: HHC) maintained 3,568,017 share stake
J.C. Penney Co., Inc. (NYSE: JCP) (CALL) maintained 360,200 share stake
J.C. Penney Co., Inc. (NYSE: JCP) maintained 38,715,571 share stake

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

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• Marriott Vacations Worldwide (VAC) ticks higher on new activist investor
• Jana, in Letter, Urges Wolfspeed (WOLF) to Eye Sale, Other Strategic Alternatives - Reuters
• Legacy Credit Reports Over 5% Stake in VCI Global (VCIG)