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Bill Ackman's Pershing Square reduced its positions in Kraft (KFT +0.1%) and Family Dollar (FDO...

  • Wednesday, May 16, 2012, 9:48 AM ET
    Bill Ackman's Pershing Square reduced its positions in Kraft (KFT +0.1%) and Family Dollar (FDO +0.9%), according to a SEC filing. The hedge fund trimmed its position in Kraft to 15.5M shares from 21.2M at the end of the last quarter, while FDO was slashed to 2.6M shares from 8.4M shares.
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    I see this only as a belt tightening and pants adjustment to loosen up some cash for a possible break out in something. I'll stay with my KFT and FDO and ride the summer fall back. I just wish I had a M shares of either.
    17 May 2012, 01:29 PM Reply Like
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