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Bill Ackman Officially Cuts 30% of Canadian Pacific Railway Stake

Bill Ackman, Canadian Pacific Railway: As it was leaked yesterdayBill Ackman‘s hedge fund, Pershing Square, sold some shares of Canadian Pacific Railway Limited (USA) (NYSE:CP).

According to an official filing with the Securities and Exchange Commission a few minutes ago, Pershing now holds around 17.2 million shares of Canadian Pacific, versus some 24.2 million reported in its latest 13F.

Following the sale, Pershing Square holds 9.8% of the company’s stock, which still makes him the largest shareholder of the company.

Bill Ackman in front of Perishi

Disclosure: none