At the Ira Sohn conference in May, Pershing Square’s Bill Ackman revealed a new position in Family Dollar, with had not previously appeared in his latest 13-F.
The hedge fund was holding 5.8 million shares of the company, worth about 4.7% worth about $305 million.
Now Ackman has boosted his stake to 8.9%, according to Reuters.
Pershing Square now owns 10.87 million shares, worth about $571.4 million based on the price of the stock at yesterday’s close.
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